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Thanks to all who submitted questions for Shiv Malik in the GAINS AMA yesterday, it was great to see so much interest in Data Unions! You can read the full transcript here:
Gains x Streamr AMA Recap
https://preview.redd.it/o74jlxia8im51.png?width=1236&format=png&auto=webp&s=93eb37a3c9ed31dc3bf31c91295c6ee32e1582be Thanks to everyone in our community who attended the GAINS AMA yesterday with, Shiv Malik. We were excited to see that so many people attended and gladly overwhelmed by the amount of questions we got from you on Twitter and Telegram. We decided to do a little recap of the session for anyone who missed it, and to archive some points we haven’t previously discussed with our community. Happy reading and thanks to Alexandre and Henry for having us on their channel! What is the project about in a few simple sentences? At Streamr we are building a real-time network for tomorrow’s data economy. It’s a decentralized, peer-to-peer network which we are hoping will one day replace centralized message brokers like Amazon’s AWS services. On top of that one of the things I’m most excited about are Data Unions. With Data Unions anyone can join the data economy and start monetizing the data they already produce. Streamr’s Data Union framework provides a really easy way for devs to start building their own data unions and can also be easily integrated into any existing apps. Okay, sounds interesting. Do you have a concrete example you could give us to make it easier to understand? The best example of a Data Union is the first one that has been built out of our stack. It's called Swash and it's a browser plugin. You can download it here: http://swashapp.io/ And basically it helps you monetize the data you already generate (day in day out) as you browse the web. It's the sort of data that Google already knows about you. But this way, with Swash, you can actually monetize it yourself. The more people that join the union, the more powerful it becomes and the greater the rewards are for everyone as the data product sells to potential buyers. Very interesting. What stage is the project/product at? It's live, right? Yes. It's live. And the Data Union framework is in public beta. The Network is on course to be fully decentralized at some point next year. How much can a regular person browsing the Internet expect to make for example? So that's a great question. The answer is no one quite knows yet. We do know that this sort of data (consumer insights) is worth hundreds of millions and really isn't available in high quality. So With a union of a few million people, everyone could be getting 20-50 dollars a year. But it'll take a few years at least to realise that growth. Of course Swash is just one data union amongst many possible others (which are now starting to get built out on our platform!) With Swash, I believe they now have 3,000 members. They need to get to 50,000 before they become really viable but they are yet to do any marketing. So all that is organic growth. I assume the data is anonymized btw? Yes. And there in fact a few privacy protecting tools Swash supplys to its users. How does Swash compare to Brave? So Brave really is about consent for people's attention and getting paid for that. They don't sell your data as such. Swash can of course be a plugin with Brave and therefore you can make passive income browsing the internet. Whilst also then consenting to advertising if you so want to earn BAT. Of course it's Streamr that is powering Swash. And we're looking at powering other DUs - say for example mobile applications. The holy grail might be having already existing apps and platforms out there, integrating DU tech into their apps so people can consent (or not) to having their data sold - and then getting a cut of that revenue when it does sell. The other thing to recognise is that the big tech companies monopolise data on a vast scale - data that we of course produce for them. That is stifling innovation. Take for example a competitor map app. To effectively compete with Google maps or Waze, they need millions of users feeding real time data into it. Without that - it's like Google maps used to be - static and a bit useless. Right, so how do you convince these big tech companies that are producing these big apps to integrate with Streamr? Does it mean they wouldn't be able to monetize data as well on their end if it becomes more available through an aggregation of individuals? If a map application does manage to scale to that level then inevitably Google buys them out - that's what happened with Waze. But if you have a data union which bundles together the raw location data of millions of people then any application builder can come along and license that data for their app. This encourages all sorts of innovation and breaks the monopoly. We're currently having conversations with Mobile Network operators to see if they want to pilot this new approach to data monetization. And that's what even more exciting. Just be explicit with users - do you want to sell your data? Okay, if yes, then which data point do you want to sell. Then the mobile network operator (like T-mobile for example) then organises the sale of the data of those who consent and everyone gets a cut. Streamr - in this example provides the backend to port and bundle the data, and also the token and payment rail for the payments. So for big companies (mobile operators in this case), it's less logistics, handing over the implementation to you, and simply taking a cut? It's a vision that we'll be able to talk more about more concretely in a few weeks time 😁 Compared to having to make sense of that data themselves (in the past) and selling it themselves Sort of. We provide the backened to port the data and the template smart contracts to distribute the payments. They get to focus on finding buyers for the data and ensuring that the data that is being collected from the app is the kind of data that is valuable and useful to the world. (Through our sister company TX, we also help build out the applications for them and ensure a smooth integration). The other thing to add is that the reason why this vision is working, is that the current data economy is under attack. Not just from privacy laws such as GDPR, but also from Google shutting down cookies, bidstream data being investigated by the FTC (for example) and Apple making changes to IoS14 to make third party data sharing more explicit for users. All this means that the only real places for thousands of multinationals to buy the sort of consumer insights they need to ensure good business decisions will be owned by Google/FB etc, or from SDKs or through this method - from overt, rich, consent from the consumer in return for a cut of the earnings. A couple of questions to get a better feel about Streamr as a whole now and where it came from. How many people are in the team? For how long have you been working on Streamr? We are around 35 people with one office in Zug, Switzerland and another one in Helsinki. But there are team members all over the globe, we’ve people in the US, Spain, the UK, Germany, Poland, Australia and Singapore. I joined Streamr back in 2017 during the ICO craze (but not for that reason!) And did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises? We did an ICO back in Sept/Oct 2017 in which we raised around 30 Millions CHF. The funds give us enough runway for around five/six years to finalize our roadmap. We’ve also simultaneously opened up a sister company consultancy business, TX which helps enterprise clients implementing the Streamr stack. We've got no more plans to raise more! What is the token use case? How did you make sure it captures the value of the ecosystem you're building The token is used for payments on the Marketplace (such as for Data Union products for example) also for the broker nodes in the Network. ( we haven't talked much about the P2P network but it's our project's secret sauce). The broker nodes will be paid in DATAcoin for providing bandwidth. We are currently working together with Blockscience on our tokeneconomics. We’ve just started the second phase in their consultancy process and will be soon able to share more on the Streamr Network’s tokeneconoimcs. But if you want to summate the Network in a sentence or two - imagine the Bittorrent network being run by nodes who get paid to do so. Except that instead of passing around static files, it's realtime data streams. That of course means it's really well suited for the IoT economy. Well, let's continue with questions from Twitter and this one comes at the perfect time. Can Streamr Network be used to transfer data from IOT devices? Is the network bandwidth sufficient? How is it possible to monetize the received data from a huge number of IOT devices? From u/EgorCypto Yes, IoT devices are a perfect use case for the Network. When it comes to the network’s bandwidth and speed - the Streamr team just recently did extensive research to find out how well the network scales. The result was that it is on par with centralized solutions. We ran experiments with network sizes between 32 to 2048 nodes and in the largest network of 2048 nodes, 99% of deliveries happened within 362 ms globally. To put these results in context, PubNub, a centralized message brokering service, promises to deliver messages within 250 ms — and that’s a centralized service! So we're super happy with those results. Here's a link to the paper: https://medium.com/streamrblog/streamr-network-performance-and-scalability-whitepaper-adb461edd002 While we're on the technical side, second question from Twitter: Can you be sure that valuable data is safe and not shared with service providers? Are you using any encryption methods? From u/ CryptoMatvey Yes, the messages in the Network are encrypted. Currently all nodes are still run by the Streamr team. This will change in the Brubeck release - our last milestone on the roadmap - when end-to-end encryption is added. This release adds end-to-end encryption and automatic key exchange mechanisms, ensuring that node operators can not access any confidential data. If BTW - you want to get very technical the encryption algorithms we are using are: AES (AES-256-CTR) for encryption of data payloads, RSA (PKCS #1) for securely exchanging the AES keys and ECDSA (secp256k1) for data signing (same as Bitcoin and Ethereum). Last question from Twitter, less technical now :) In their AMA ad, they say that Streamr has three unions, Swash, Tracey and MyDiem. Why does Tracey help fisherfolk in the Philippines monetize their catch data? Do they only work with this country or do they plan to expand? From u/ alej_pacedo So yes, Tracey is one of the first Data Unions on top of the Streamr stack. Currently we are working together with the WWF-Philippines and the UnionBank of the Philippines on doing a first pilot with local fishing communities in the Philippines. WWF is interested in the catch data to protect wildlife and make sure that no overfishing happens. And at the same time the fisherfolk are incentivized to record their catch data by being able to access micro loans from banks, which in turn helps them make their business more profitable. So far, we have lots of interest from other places in South East Asia which would like to use Tracey, too. In fact TX have already had explicit interest in building out the use cases in other countries and not just for sea-food tracking, but also for many other agricultural products. (I think they had a call this week about a use case involving cows 😂) I recall late last year, that the Streamr Data Union framework was launched into private beta, now public beta was recently released. What are the differences? Any added new features? By u/Idee02 The main difference will be that the DU 2.0 release will be more reliable and also more transparent since the sidechain we are using for micropayments is also now based on blockchain consensus (PoA). Are there plans in the pipeline for Streamr to focus on the consumer-facing products themselves or will the emphasis be on the further development of the underlying engine?by u/ Andromedamin We're all about what's under the hood. We want third party devs to take on the challenge of building the consumer facing apps. We know it would be foolish to try and do it all! As a project how do you consider the progress of the project to fully developed (in % of progress plz) by u/ Hash2T We're about 60% through I reckon! What tools does Streamr offer developers so that they can create their own DApps and monetize data?What is Streamr Architecture? How do the Ethereum blockchain and the Streamr network and Streamr Core applications interact? By u/ CryptoDurden We'll be releasing the Data UNion framework in a few weeks from now and I think DApp builders will be impressed with what they find. We all know that Blockchain has many disadvantages as well, So why did Streamr choose blockchain as a combination for its technology? What's your plan to merge Blockchain with your technologies to make it safer and more convenient for your users? By u/noonecanstopme So we're not a blockchain ourselves - that's important to note. The P2P network only uses BC tech for the payments. Why on earth for example would you want to store every single piece of info on a blockchain. You should only store what you want to store. And that should probably happen off chain. So we think we got the mix right there. What were the requirements needed for node setup ? by u/ John097 Good q - we're still working on that but those specs will be out in the next release. How does the STREAMR team ensure good data is entered into the blockchain by participants? By u/ kartika84 Another great Q there! From the product buying end, this will be done by reputation. But ensuring the quality of the data as it passes through the network - if that is what you also mean - is all about getting the architecture right. In a decentralised network, that's not easy as data points in streams have to arrive in the right order. It's one of the biggest challenges but we think we're solving it in a really decentralised way. What are the requirements for integrating applications with Data Union? What role does the DATA token play in this case? By u/JP_Morgan_Chase There are no specific requirements as such, just that your application needs to generate some kind of real-time data. Data Union members and administrators are both paid in DATA by data buyers coming from the Streamr marketplace. Regarding security and legality, how does STREAMR guarantee that the data uploaded by a given user belongs to him and he can monetize and capitalize on it? By u/kherrera22 So that's a sort of million dollar question for anyone involved in a digital industry. Within our system there are ways of ensuring that but in the end the negotiation of data licensing will still, in many ways be done human to human and via legal licenses rather than smart contracts. at least when it comes to sizeable data products. There are more answers to this but it's a long one! Okay thank you all for all of those! The AMA took place in theGAINS Telegramgroup 10/09/20. Answers by Shiv Malik.
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AMA AT DETECTIVE ID (25/06/2020) Before welcoming any questions, I would like to briefly introduce STATERA PROJECT. Statera is a smart contract deflationary token pegged to a cryptocurrency index fund. By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced fund. Lastly the deflationary mechanics of STA increases the chance for positive price action while decreasing beta (volatility). This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by a third party code audit through Hacken. Q1 : please explain in more detail about Statera, what is the background of this project? and when was it established? The dev of this project had previously created another deflationary token BURN. When the Balancer Labs released the Balancer Protocol, he had an idea to combine the two, deflationary token and a pool of tokens, making the first deflationary index fund. It started in the end of May and on the 3rd iteration, May 29th - a trustless version was launched that we see today. As briefly explained earlier, STATERA or STA is an Index Deflationary Token built on Ethereum blockchain; Index: Contains a token suite of world class leading crypto assests BTC, ETH, LINK, SNX with STA. Deflationary: On every transaction of STA 1% of the transacted amount is sent to 0x address on ethereum, burned forever, thus reducing the circulating supply of STA Index+Deflationary: STA is mixed with BTC, ETH, LINK SNX in a portfolio, backed by liquidity on a protocol known as balancer (balancer.finance) This platform serves as a market maker for the token suit. The Index suite is of equal rate of 20%, that is 20% of BTC, ETH, SNX LINK and STA, Thus, anytime there is an increase in value of any of those coins or tokens, balancer automatically trade them for STA in order to keep the token suit ratio balanced. And anytime there is an increase in the value of STA, the same process applies. while doing this trade, it enables further burning on every transaction, thus facilitating more token scarcity. In addition to this, Statera was deployed with contract finalised, that is, the index suite can not be altered, It is completely out of Dev's control. Q2 : What are the achievements that have been obtained by Statera in 2020? And what goals do you want to achieve in 2020? By this we assume the questionnaire is asking for a roadmap! First, the project is barely a month old, and within just a month, our liquidity has grown from $50,000 to over $400,000 currently above $300,000. Among the things we have accomplished so far is the creation of market value for STA's Balancer liquidity pool token BPT, which is currently over $1000 per one BPT. Regarding what we set to achieve: The future is filled with many opportunities and potentials, currently, we are working on a massive campaign to introduce our product to the outside world. We have already made contact with different and reputable forums and channels regarding marketing and advertisement offers, some which we are currently negotiating, some which we are awaiting response. All we can say for now is that the Team is working hard to make this the Investment opportunity every crypto enthusiast has been waiting for. Statera has the goal of putting cryptocurrency into every portfolio. We believe we have a product that increases the returns of investing in cryptocurrencies and makes it easier to diversify in this space. We have done so much in June: articles, how to videos, completed the audit, tech upgrades like one token liquidity additions, and beginning our many social communities. We have been hard at work behind the scenes but things like sponsorships, features, and media take time, content makers need days if not weeks to develop content, especially the best of the best. We are working tirelessly, we will not disappoint. We have plans for 2020-2025 and will release those in the next month. They are big and bold, you’re going to be impressed by the scale of our vision, when we say “Cryptocurrency in every portfolio” we mean it. In 2020 more specifically we are focused on more media, videos, product offerings, and exchanges. Q3 : What is the purpose of STA token? How can we get STA? The purpose of STA is an investment in the first deflationary index fund. The whole index's value rises from these aspects: 1. The index funds (WBTC,WETH,SNX,LINK) appreciate in value 2. When the index tokens are traded, the pool receives transaction fees - 1% 3. STA burns on transactions, so it's deflationary nature increases its value as the total supply drops 4. Balancer rewards Index holders with BAL token airdrops every week You can invest via the 'Trade' links in stateraproject.com website. Easiest way is to do it using ETH. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit. Q4 : can we as a user do STA mining? The supply of STA doesn't increase anymore, it only decreases due to the burn feature. So there is no way to mine anymore STA. Only way to acquire the tokens is via an exchange. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit. Q5 : The ecosystem of a public chain has a lot to do with the level of engagement and participation of third-party developers. How does Statera support the developers? Not really. Our project is focusing on investment opportunities for the cryptocurrencies. The cryptocurrency tokens that are not used and are just sitting in a wallet can work for you by being added to an index fund and appreciate in value over time. First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem. in addition, Statera is a fully community project now. Paul who is the current team leader was an ordinary member of the community weeks ago, due to his interest and support for the project, he started dedicating his time to the project. Quite a number of community members are also in the same position, while Statera was developed by an individual, it is being built by the entire Statera community Community Questions (Twitter): Q1 From: @KazimKara35 The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale? Statera is decentralized token, similar to other utility crypto tokens and same regulations apply to it as others. his is actually a benefit of our decentralized nature. This isn’t legal advice, however in the past regulating bodies have ruled that the more decentralized a project is, especially from launch, the less likely they are to be deemed a security (see: Ethereum). This means they can be traded more freely and be available on more platforms. We are as decentralized as you can be. The data itself is all secured through the blockchain which has been shown to be a highly secure medium. We do not store any of your data and as long as you follow best practices in blockchain security there are no added security risks of using Statera. We don’t, and literally can’t, hold anymore personal information than is made available in any blockchain transaction. and that "personal information" is more likely than not just your ethereum wallet address, no "real world" data is included in transactions Q2 from: @Michael_NGT353 What is Mechanism you use On your Project sir? Are you Use PoS,PoW or other Mechanism Can you explain why you use it and what is Make it Different? Our token is an ERC-20 token and it's running on the Ethereum blockchain. The Ethereum's POW mechanism is currently supporting the Statera token We run on Ethereum, so we are currently PoW. With ETH 2.0 we will hopefully be PoS this year (hopefully). We use it because ETH has over 100 million addresses and around a million daily transactions. We are currently at about 1,900 token holders, we are just touching the edge of what is possible in this market. We chose the biggest and the best network available right now to launch our product. We think the upside is huge because of this choice. Being the biggest network it is also one of the most secure, no high risk vulnerabilities have been found in Ethereum or in our code (we've had our code audited by a third party, Hacken, and you can read their audit on our Medium page), so we also have security on our side Q3 From : @Ryaaan_Nguyen Can you list some of Statera outstanding features for everyone here to know about? What are the products that Statera is focusing on developing? As mentioned earlier by GC, First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? We touched on this a bit in the question on what makes us special compared to other exchanges. We have created a product that synergizes with Balancer Pools creating a symbiotic relationship that improves the outcomes for users (our product can also synergize with future DeFi products). By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced portfolio (like an index fund with dividends). Lastly, the deflationary mechanics of STA increases the chance for positive price action while decreasing beta. We want to package Statera with assets across the whole cryptocurrency space, with an emphasis on DeFi. We also want everyday people to be able to invest quickly in crypto while also feeling reassured their investment is set up to succeed. We are focused on developing a name brand that people go to first and foremost when investing in crypto: cryptocurrency in every portfolio. This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by the third party code audit. This is a feature in and of itself, some argue that Bitcoin’s true value is in it’s network effect, first mover advantage, and immutability. Statera is modeled on all three of those and has those features in spades. The community now owns our token, the power in that, giving finance and power to the people, is why we are here. Q4 From : @futcek What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology? What role do you see in this creation for Statera? I think my answer above actually answers this perfectly, Statera in and of itself is a “new use case”, a “deflationary index fund” has never existed, I’ll copy and paste the other relevant part: “With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem.” Statera is a way to make your investment more successful, and owning Statera let's you benefit from other people using it to make their investments more successful (a self feeding cycle). Q5 From : @Carmenzamorag Statera's deflationary system is based in that with every transaction 1% of the amount is destroyed, would this lead to lack of supply and liquidity in the long term future? How would that be fixed? The curve of supply is asymptote, meaning that it will never reach zero. The idea is that the deflationary process will slowly decrease the supply of STA, which – combined with a fixed or increaseing demand – will result in STA appreciating in value. Evidently, as the STA token increases in value, the amounts of STA being traded will slowly decrease: The typical investor might buy 10.000 STA at the current rate, but in the future (proportional to an increase in the valueation of STA) this number will tend to decrease, hence the future investor might only buy 1000 STA. This of course results in less STA being burned. Additionally, STA is divisible to the 18th decimal, why – even if the supply was to reach 1 STA – there would be a sufficient supply. Well this would be a question for a Mathematician, and luckily we’re loaded with them (as seen above)! I’ll try to illustrate with an example. 1% of 100 million is 1 million, 1% of 10 million is 100,000. As we go down in supply the burn is less by volume. What also happens at lower supply is higher prices (supply and demand economics). So those 1 million tokens burned may be worth $20,000, but by the time overall supply is at 10 million those 100,000 tokens may also be worth $20,000 or even more. This means you transact “less”, if you want to buy 1 Ether now with Statera you need 8,900 STA which would burn 89 tokens. If Statera is worth $100 you only need 2.32 statera (.023 tokens burned). Along with this proportional and relative burn decrease, tokens are 18 decimals long, so even when we get to 1 token left (which mathematically would take decades if not centuries, but that is wholly dependent on usage), you are still left with 10 to the 18th power, or one quintillion “tokens”. So it’s going to take us a while to have supply issues :) Nuked Phase (3rd Part) Q) What is your VISION and Mission? Our working mission and vision: Mission: Provide every investor with simple and effective ways to invest in cryptocurrency. Decrease volatility and increase positive price pressure in cryptocurrency investments. Lower the barrier to entry for more advanced investment tools. Be a community focused and community driven cryptocurrency, fully decentralized by every meaning of the word. Vision: We aspire to put “cryptocurrency in every portfolio”. We envision a world where finance is given back to the people and wealth building strategies withheld only for affluent individuals are given to all. We also strive to create an investment environment based on sound monetary policy and all the power that comes with a sound asset. Q) What are the benefits of STA for its investors in long term? Does STA have Afrika as an important area for its expansion? We have ties to Africa and see Statera as a way for anyone and everyone to invest in cryptocurrency. The small marketcap of statera makes it's price low and it's upside massive. Right now if you wanted to be exposed to the price action of four cryptocurrencies (BTC, ETH, Link, SNX) Statera is a way to gain that exposure in a way that has a huge upside, compared to the other four assets, there are risks in investing in any small cap but with those risk come outsized rewards (not investment advice and all answers are solely my opinions 😊) Q) In the long run, why should we trust and follow STATERA? How do you raise awareness and elimination of the doubts of investors / partners / customers?. You're really asking "How do I trust myself and other crypto investors" The project is FULLY decentralized, it is now in the hands of the community. We would venture a guess that the community wants their investment to succeed and be worth more in the future, so you are betting on people. wanting to make themselves money on their own investment. This is a pretty sure bet. The community being active and engaged is key, and we have short term and long term plans to ensure this happens Q) No one can doubt the strength of #Statera. But can you tell us some of the challenges and difficulties you're presently facing? How can you possibly overcome them? We're swinging outside our weightclass, we don't see litecoin or SNX, or any other crypto product as our competition. Our competition is NASDAQ, Fidelity, etc. We want to provide world class financial instruments that only the wealthy have access to in the traditional world to everyone. Providing liquidity, risk parity, being paid to provide liquidity, unique value propositions, are all things we want to bring to everyone. However we are coming up in a hectic space, everyday their is fud and defamation on the web, but that is the sandbox we chose to play in and we aren't grabbing our ball and going home. We can tell you that we will not disappoint and fighting all the fud that comes along with being a small and upstart project only fuel our fire. Building legitimacy is our largest challenge and looking at our audit, financial report, and some things you will see in the coming weeks, we hope you see we are facing those challenges head on. Q) What is the actual uniqueness of #Statera.??? Can you guys please explain tha advantages of #Statera over other projects.?? When we launched there were no other products like ours. There are now copies, and we wish them the best, but we have the best product, hands down. Over the next couple weeks this will become apparent, if it hasn't already, also a lot of the AMA answers dug deeper into our unique value proposition, especially the benefits we provide to Balancer Pools which shows the benefits we would provide for any index fund. We are a tool to improve cryptocurrency investing Q) Fragmentation, layering and cross-chain are three future solutions for high-performance blockchains. Where is Statera currently? What are the main reasons for taking this direction? We operate on the Ethereum chain, as it upgrades our services and usability will upgrade. We are working on UI and more user friendly systems to onboard people into our ecosystem Q) How STATERA plan to make room and make this project known in the world of crypto, full of technology and full of new projects very good in today's market? We think we have a truly innovative product, which - when first understood - appeals to most investors. Whether you want a high-volatility/medium-risk token like STA or whether you are more conservative and simply just plan on adding to the Statera pool BPT (which is not nearly as volatile but still offers great returns). We plan on making Statera known to the crypto world through a marketing campaign which slowly will be unravelled in the comming days and weeks. If interested, you can check out an analysis of the different investment options in the Statera ecosystem in our first financial report: https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18 Q) Hello, cryptocurrencies are very volatile and follow bitcoin ... and does this apply to Statera? or is there some other logic present in some way? is statera token different from a current token? Are you working on listings on other exchanges? Currently uniswap is somewhat uncomfortable for fees. We are also on bamboo relay, saturn network, and mesa. Statera will be volatile like all cryptocurrency, this is a small and nascent space. But with the deflationary mechanic and balancer pool, over time, as marketcap grows it will become less volatile and more positively reactive to price. Q) Security is one of the most essential characteristics for a project to get reputation. How can #Statera Team assure to their community that users assets and investments will stay safe from unwanted agents? We have been third party audited by the same company that worked with VeChain to audit their code. Our code has been shown to be bulletproof. Unless Ethereum comes up with a fatal security flaw there is nothing that can happen to our contract (there is no backdoor, no way for anyone to edit or adjust the smart contract). Q) Many investors see the project from the price of the coin. Can you give us advantages why Statera is so suitable for long-term investment? and what makes Statera different from other similar projects? Sometimes the simplest solutions are the most effective. A question you can ask is “What if this fails”? But you can also ask, “What if this succeeds”? Cryptocurrency is filled with asymmetric risks, we think if you look into the value proposition you will find that there is a huge asymmetric risk/reward in Statera, and we will make that even clearer in our soon to be released litepaper. You are on the ground floor of a simple but highly effective solution to onboarding people into defi, cryptocurrencies, and investing. Our product reduces volatility and increases gains (decreases beta and increases alpha in investor terms), which is highly attractive in any investment. The down side is there but the upside outweighs it exponentially (asymmetric risk) Q) What your plans in place for global expansion, are Statera focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this? We have reached out to influencers in other countries and things are in the works. We have also translated documents and are working on having them in at least 4 languages by the end of July. We were founded globally, our team is global, and we are focused on reaching all 7 billion people. Q) Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Statera going to compete with them? What do you think, one day Statera will become useless And will be lost into the abyss of time for not bringing any new technology? We are the first of our kind, no one had a deflationary index fund before us. Index funds will be the future of crypto (look at the popularity of etfs and indexes in the traditional markets). We are a tool to make your index function better and pay you more. As long as people care about crypto index funds they will care about the value STA brings to that. We have an involved and long term plan to reach dominance over a 5 year span, this is not a flash in the pan, big things coming Q1. You say that the weight and proportions of your tokens are constant. So how have you managed to prevent market price speculation from generating hypervolability in your token price? Do you consider yourselves a kind of stablecoin? Q2. How many jurisdictions allow the use of Stratera products and services? Are they available for Latin America? @joloroeowo The balancer ensures an equal ratio of 20% amongst the five tokens included in our fund. This, however, does not imply that the tokens are stable. Rather, the Balancer protocol helps mitigating price fluctuations. Q) How can I as a Statera participant participate in liquidity mining, and receive BAL as reward? What are the use cases of $STA token, and how are users motivated to buy and hold long term? The easiest way is to go to stateratoken.com and click trade then BPT. You can also buy all five tokens and click on portfolio then add liquidity. Balancer is working on a simpler interface to add liquidity with one token, we are waiting on them. I think we explained the use cases above Q) What do you plan have for global expansion, is Statera currently focused solely on the market? Or is it focused on building and developing or acquiring customer and user or partnership relationships? Can you explain it? We are currently working on promoting the project and further develope our product, making it lucrative for more new investors to join our pool and invest in the STA token. Q1) Statera have 2 types of tokens, so can you tell me the differences between STA and STAC ? What are their uses cases? Is possible Swap between them? Q2) Currently the only possible Swap or "exchange" possible is Uniswap, so you do have plans to list the STA token into a more Exchanges? STAC is obsolete, we only have STA and BPT (go to our website and click on trade) stateratoken.com BPT gives you more diversification and less risk, STA gives you more volatility and more chance for big gains. Q2 we are on multiple exchanges (4), bamboo relay, saturn, and mesa we do have plans for future exchanges but the big ones have processes and hoops to jump through that can't be done so quickly Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future? Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product Q) Do you plan to migrate to other platforms like Tron, BinanceChain, EOS, etc. if it is feasible?? Migrating our current contract is not. Starting new offerings on those other chains could be possible, they aren't on our radar currently but if the community requests them we are driven by our community Q) ETH Blockchain is a Blockchain have many token based in it, i have used ETH blockchain long time and i see it have big fee and need much time to make a transcation so Why you choose to based STA in ETH blockchain not other like Bep2 or Trc20 ? Simply: 100 million addresses, 1 million transactions a day. The more users we have the more we will benefit our community. We hope ETH 2.0 scaling will fix the problems you mention. Q) No one achieve anything of value on its own, please can you share about Statera present and future partnerships that will drive you to success in this highly congested crypto space? We have a unique product that no one else has (there are people who have copied us). We can't announce our current and future partnerships yet, but they will be released soon. Our future hopes of partnerships are big and will be key to our future, know we are focused on making big partnerships, some you may not even be thinking about. Q) According to the fact that your algorithm causes 1% of each transaction to be destroyed, I would like to know, then, how you plan to finance yourself as a project in the long term? The project is now in the hands of the community and we are a team of passionate people volunteering to help promote and develope the Statera ecosystem. But then, how do we afford running a promo campaign? We have lots of great community members donating funds that goes to promoting the project. In other words, the community helps financing the project. And so far, we have created a fantastic community consisting of passionate and well-educated people! Q) There are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt etc. This leaded their potential startups fail. So how will Statera break these barriers and attract more funds from outside crypto space? We are community focused and community ran. When you look at centralized cryptocurrencies you can see the negative of them (Tron, ADA, etc.) We believe being fully decentralized is the true power position. You the owner of statera can affect our future and must affect our future. This direct ownership means people need to mobilize and organize to push us forward, and it is in their best self interest to do so. It's a bet on our community, we're excited about that bet Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future? Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product Q) Why being a hybrid of a liquidity pool and an index fund? What are the main benefits about this? By being a liquidity pool the exchange side of the pool (balancer also functions as an exchange) gives you added liquidity for more effortless, effective, and cheaper rebalancing. You also benefit from getting paid the fee when people use the exchange AND getting paid BAL tokens that are worth $15-20 USD. These are not benefits you get with an index fund, meanwhile the liquidity pool rebalances just like an index fund would Q) Which specific about technology and strategy of #STA that make you believe it will be successful and what does #STA plan do to attract more users in the upcoming time? I think the idea behind Statera is truly ingenious. We have made an index fund, which investors are highly(!) incentivised to invest in, namely because the ROI, so far, has been huge. An increase in the pool liquidity (index fund) indirectly translates into an increase in the price of STA, why we think the STA token - combined with its deflationary nature - will increase in the long run. The mechanism behind this is somewhat complex, but to better get an understanding of it, I suggest you visit our medium page and read more about the project: https://medium.com/@stateraproject
…a smart contract deflationary token within a portfolio of selective coins/token built on the Ethereum blockchain. INTRODUCTION BLOCKCHAIN TECHNOLOGY IS CHANGING, DEFI IS EVOLVING! Blockchain technology is changing the World forever, over the past decade, the introduction of blockchain technology to the world and especially the world finance system has proven how convenient and secured the World's finance system can be. Blockchain has proven its' worth to be an essential tool in the world finance system. Varying from a different mode of transaction to the flexible usage of it. The Ethereum blockchain has played and still playing a significant role in Blockchain finance evolution. With over a hundred projects out there, each aiming and claiming to solve the problem of financing system in the world, Decentralized Finance DeFi has proven to play an essential role in this regard. Deflationary Projects arise amidst the flow of developers developing ways of making a project unique and scarce through constant reduction of total supply during a transaction. Over the past few years, many projects attempted this approach, however, they failed to achieve this goal as a result of the unsustainability of the project, or the utter intent of some of the developers to scam people of their money. Nevertheless, previous deflationary cryptocurrency attempts have proven the fact that this method alone will not make a project unique or scarce. Hence, a few projects attempted to apply other interesting features to their deflationary projects, some of which are discussed briefly below. DEFALTIONARY PROJECTS Through a constant reduction of total supply as a result of a certain percentage of each token transaction sent to 0x address, a deflationary project aims to reduce its total supply to make it scarce, thus increasing the demand and value of the project. BOMB The first project to start this on-chain action was BOMB token. With every transaction on BOMB, 1% of the supply is sent to 0xaddress and lost forever, this is known as BURN. Unfortunately, this didn't work for a long time as anticipated, turns out it takes a project more than just that to make it demanding. In light of this, a few other deflationary projects decided to add extra features to its deflationary attribute. SHUF A good example of this is another deflationary project called Shuffle Token (SHUF) burn 1% on every transaction, and randomly send another 1% to any of the top 512 holding addresses, this second feature is known as Heap. BSOV The third example of a deflationary project with an extra feature isBitcoinSov (BSoV). This deflationary project also has a 1% burn, but its extra feature is mining. This is the only mineable deflationary project in existence as of today. RTK The last example is Ruletka(RTK). Ruletka is an experimental ERC20 token, it was developed in the small town of Alatyr in Russia. When a transaction is made using RTK a number is chosen between 1 and 6. If 6 is chosen, the coins in the transaction will be sent to the 0x address and burned. It was developed based on the legend Russian Roulette life gambling game. Regardless, deflationary projects are yet to receive the world's attention as most of them struggles to be sustainable. INDEX FUND For the past two years, Decentralized Finance or DeFi has been undergoing a series of changes and development. DeFi is aimed at providing solutions to the challenges being faced by traditional financial systems using Etherium blockchain as its primary station. What is Index Fund? Investopedia.com described index funds as a type of mutual fund with a portfolio constructed to match or track the components of a financial market index, providing broad market exposure with low operating expenses and low portfolio turnover. Market Index A hypothetical portfolio of investment holdings representing a segment of the financial market. The calculation of the index value comes from the prices of the underlying holdings.Investopedia. 2017 was a significant year for crypto, however, was succeeded by the extended bear market. The long bear market made it difficult for investors to select which market they are to invest in. since the rise of the crypto market, it has been experiencing a series of ups and downs, making it difficult, especially for retail investors to select the market they are to invest in. the idea of index market in the blockchain industry is something not usually mentioned, while most investors preferred to long or short on BTC or other Alts. CRYPTOCURRENCY INDEX FUND Late 2019 and early 2020, cryptocurrency index funds are becoming an item of discussion and interest in the cryptocurrency investment world. A cryptocurrency index fund prevents an investor from the stress of constant or active management of their crypto fund portfolio. They help spread risks by diversifying an investment across a broad selection of coins, protected from the crypto market volatility. This means your fund is being handled for you, which of course necessitates a form fee. While fees vary from one index fund manager to the other, the differences in fees don't guarantee the performance of one manager over the other. Among the popular cryptocurrency index funds that are currently available on the market as of 2020 includes:
Coinbase Index Fund
CBI Index 7 (CBIX7).
Note: this article does not prescribe an index fund or tokens for readers to invest in, rather make your research before investing. INDEXED-DEFLATIONARY TOKEN The idea behind an indexed deflationary token is to keep cutting the circulating supply on a transaction basis, coupled with an investment in diverse selective coins on the Ethereum blockchain market. Using balancer, the idea is to have a deflationary token inside a pool with other assets for example; USDC, ENJ, LINK, KNC, etc. along with the deflationary token itself, all of which are in one pool. When the token is bought, it will automatically re-balance into other sets in the pool, increasing the trade volume and at the same time burning. A mix of index/portfolio token with a deflationary token. STA STATERA [STA] Statera, in Latin, means Balance. STA is a smart contract deflationary token within a portfolio of selective coins/token built on the Ethereum blockchain. The index portfolio includes four Volatile markets and three Stable markets; ETH, MKR, SNX, LINK, DAI, SUSD, DZAR. Leaving STA with 70% volatility and 30% stability. STA is built on a smart contract, holding all the funds including STA itself. When STA is purchased with ETH, ETH is spread into the weight in the portfolio and STA purchased gets removed from the index amount. The index suit is not fixed, i.e. the coins in the portfolio can be easily replaced should in case the market demand for a change. The index also charges a fee. Every time a trade is executed through it (not a purchase of STA this time around, but swapping DAI for ETH for example), 1% stays behind and is shared between the portfolio. With the deflationary attribute of STA, the more trades that occur, the more valuable it becomes. The idea is that a price difference will lead to auto-balancing, which means burning. There you have it, An Index-Deflationary Token. STATERA [STA] TOKEN INFORMATION Total Supply: 100, 000, 000. Burn rate: 1% on each transaction. Blockchain: Ethereum. Website: Coming Soon. Community:TelegramTwitter Contract address:Etherscan Portfolio address:Zerion Current exchange:1inch Exchange
CryptoDiffer teamHello, everyone!We are glad to meet here:Max Freeman (@maxfreeman4), Project Lead at Epic CashYoga Dude (@Yogadude), PR&Marketing at Epic CashXenolink (@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 teamLet`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!!! Cryptodiffer TEAM Thank you everyone for taking your time and asking great questions Thank you for your time, it was an insightful session Spread the love
I'm an amateur magician. I've performed at children's parties and done some touring. I wouldn't class myself as an expert, but I am in the magic circle. I love to see professional magicians perform, there is nothing better than when you see a trick and you have no idea how it was done. I read a forum post a month ago that had a link to a YouTube video, 10 times magic went wrong. I checked it out, and as you can imagine, the contents were quite horrific. Two of the clips were of the Nail Under the Cups trick. If you are from England, you may have seen Derren Brown performing this. It's a good one, if the magician is qualified. If they aren't, then you end up being at positions seven and three of this video. A magician mixes up some cups, under one is a piece of wood with a nail pointed up. The others are weighted, so they all feel the same. The magician puts on a blindfold and gets their volunteer to guide them over the top of the cups. The magician then pushes the volunteer's hand down, crushing the cup. It's usually when there are two left that this trick goes wrong. And when it does it's very bloody. The clip in question though, is of a man sawing a woman in half. We've all seen this. But in this grainy footage, the woman screams, the box is brought apart, blood drips from the opening and the legs of the woman slip out. The bloody bottom half slams on the floor with a thunk, the legs spasm, then stop. The curtains are hastily brought across and the show ends. There are comments after the video, people calling bullshit, until someone posted the full trick in question. At the end of this video, the woman can be seen on stage, whole again, nothing wrong with her at all. People argue with each other that the woman must have been in the upper box and the lower box contained some prosthetics. The thread ends with someone saying that they swear it's real, they've seen it in person. I commented saying, "I'm skeptical, magic is illusion, no one gets sawn in half; incredible footage though." The next day, I get a direct message from someone with the handle Tricked4Life. Hey Baz1987, the man from that video is performing next month. He's called The Russian, it's invite only. I can arrange tickets if you like? I replied, Totally, I'd be up for that, please! While waiting to hear back, I went to watch the video again. The link didn't work, a message came up saying it had been taken down due to copyright infringement. I tried the top 10 one too, that was also gone, just a 404 page. It was a Saturday, so I was already on the whiskey and watching Netflix. I think I was binge watching Breaking Bad for the third or forth time. Tricked4Life replied with a link. I browsed to the site. It looked like something from 1997. There was a still from the video and a form below. Slightly drunk, I filled out the details and continued to the payment form. I had to pay in BitCoin, what the fuck was that? I messaged Tricked4Life, "I don't know what BitCoin is." "PayPal me the money and I can buy it for you." "How do I know this isn't a scam?" "You don't, but as a magician, you should see through a trick a mile off ;)" It sounded like he was baiting me. "How much?" "£540." "Christ, that's heavy." "It's worth it though." "Have you seen him before?" "No, this will be my first time. I know some people who are going. They said he's incredible. You have to see it for yourself." I left the computer and continued watching TV, though I couldn't concentrate. I really wanted to know how the trick was done. I drank more whiskey and got more drunk. I woke in the early hours. Confused, I took in my surroundings and realised I fell asleep in front of the television again. My head pounded, so I went to the kitchen and drank some orange juice, before throwing the best hangover cure, bacon, into the frying pan. As the meat sizzled, I checked my phone. I had an email with the subject, Ticket Confirmation. My heart sank. I opened it up to see a confirmation number and an address... in the Ukraine. I'd bought things while I was drunk before, but not a ticket to a magic show in Eastern Europe. Not only was I out £540, I'd need to book plane tickets and a hotel. I gazed at the whiskey bottle, to see it almost empty, not even as much as a shot left. I felt embarrassed. I logged into the forum and read the messages I had sent. Fuck it! was the first. The second my details and a third saying I'd PayPalled the money over, with a reply saying to buy a Tuxedo if I didn't have one. I won't bore you with the details of how I had to beg my manager to give me the time off at last minute, suffice to say I had to agree to perform at his daughter's birthday. I was surprised and relieved with how cheap plane fare was to the Ukraine. That was the only ray of light I had in this stupid ordeal. I rented a Tux from a local business and I was ready to go. The flight was bumpy. We flew through a thunderstorm and for the first time in my life, saw the lighting hit the tip of the plane. People startled and children cried. I was nervous myself. It wasn't long after the Russians shot down a passenger jet over the Ukraine. I was very happy when we landed. I sat in silence in the taxi to the hotel. When I got out, I saw it was a dump. I asked the driver to wait, he nodded. I had no idea if he understood me or not. Three stars was supposed to be the rating, but it looked more like an abandoned office building than a hotel. I checked in and changed. I was glad I was only staying for the night. My rushed plans meant I didn't have more than a few hours until the show started. Thankfully the taxi was still outside when I returned. I handed him the printout of the address and we drove off into the night. It was an odd city, nothing like the London that I'd known all my life. It was as if it wasn't planned, that it just sprawled in every direction when the need for more buildings were required. We stopped at the end of an alleyway. He pointed down it. "Are you sure?" I said. I expected us to be somewhere posh. "Is right," the man said, finally breaking his silence. I got out. Almost as if the driver was in a hurry, the taxi sped off. Suddenly I felt all alone, in a foreign country I knew nothing about. The rain poured down and soaked through my Tux. The woollen material grew heavy with the water. I wondered if I'd get my deposit back. I jogged down the alleyway. Light leaked out from a door underneath a fire escape. I thumped on the frame and waited. A man wearing paint splattered jeans and a body warmer opened it. "I'm sorry, I don't know where I'm going. I'm looking for this." I handed him the printout. "I'm supposed to see some Russian magician..." He lifted his chin and opened the door wider. I was glad to get out of the rain. Inside had the appearance of a factory service corridor. "Through there," he said pointing to the end of the hallway. Visions of me entering some basement out of the film Hostel filled my mind and I wanted to turn back and go straight to the airport. The outside door clunked shut. I took a deep breath and walked forward. My shoes echoed around the small passageway and I felt vulnerable. I pushed on the metal bar at the end and hoped for the best. I was shocked. The low murmurs of hundreds of voices filled the large room I entered. It wasn't as I expected. It was cavernous. It looked like a palace. Large marble columns rose up from the floor and held in place an ornate ceiling, from which hung intricate chandeliers. Dozens of men in suits drank from Champagne glasses, all deep into conversation. No one turned to stare at me. It was as if there was nothing odd about me entering via a back door. For a magic show, I found it kind of fitting. Standing there though, I wasn't sure if I felt more out of place here or in the alleyway. A waiter approached and I panicked. "Drink, sir?" he said, offering me some Champagne. I took the crystal flute and resisted the urge to down it in one. I sipped and tried to blend in. "The show will start in thirty minutes," was announced over the tannoy in an Eastern European accent. The guests looked up as if watching the person making the announcement. Another waiter offered me some canapés. I grabbed one and thanked him. "Baz?" someone shouted and I peered around. I locked eyes with a man I didn't recognise. "Do I know you?" I asked. "I'm Dan," he said offering his hand. "I'm sorry, I don't recall." "Tricked4Life? I ordered your ticket." Confused, I said, "How did you recognise me?" "Your avatar, man," he said smiling, "Good to meet you in person. I wasn't sure if you'd come." "£540, I wasn't going to stay at home." "Are you excited? I've seen some famous magicians around." I was nervous. Dan didn't appear to be. "Oh shit, is that ," I asked. He turned. "Hell, yeah," he replied, " and are also here too." "That's crazy, this is the real deal then?" "I think so," he said, taking a large gulp of his drink. "What's his real name?" "I don't know, no one does." "That's a bit ominous." "He's the best of the best, who cares what he's called." Dan checked his watch. "We should go take our seats." "Yeah." The house lights went down and cheers erupted from the crowd. A spotlight lit the red velvet curtains. They waited for the crowd to die down before they opened. I was disappointed when I saw him on stage. His hair was grey, not black like the video. He was so much smaller in stature than how he appeared, too. Assistants wheeled in a large tall box. The magician led one of the assistants inside and proceeded to lock the padlocks on the front of the box. He counted down from three, and on the beat after one, fireworks exploded at the front of the stage and the walls of the box collapsed in on themselves. He approached and spun the box around showing it was now flat. The remaining assistants rolled it off stage and the crowd clapped. "That's easy," I said turning to Dan, "Fireworks - textbook misdirection and trap door underneath." He smiled. Medieval wooden stocks were now brought onto the stage. The magician asked for a volunteer from the audience. A young lady stood up (the only female in the whole crowd) and was invited on stage. The magician mimed claps, and the audience obliged. The woman was secured into place. He threw some eggs into the crowd and offered her as a target. Most missed, except the last that hit her square on the face. Laughter erupted. An assistant arrived with a melon. The magician picked up a sword, its blade flashed in the bright spotlight. He lifted it overhead and brought it down, slicing the melon in two with ease. He approached the woman in the stocks and with one swift blow, her hands and head fell into the baskets below. The crowd roared with approval. "Impressed yet?" Dan said to me and to be honest I was vexed. No sudden flash of light to hide the switch of body parts with fakes, but no blood either. "She was obviously a stooge, are there any other women in the crowd?" More helpers joined on stage, mopping the floor as if to clean up blood that wasn't there. A chuckle fluttered through the crowd. The final illusion was the classic Chinese Water Torture Cell made famous by Harry Houdini. A large tank of water sat centre stage. The magician took off his clothes to reveal a turn-of-the-nineteenth-century bathing-suit, a beige number that covered his body and upper legs. He placed on a nose clip and rubbed his hands in anticipation. He ascended the ladder attached to the tank and jumped in. Water splashed over the sides and an iron lid was slammed into place. Padlocks were locked around the top and a curtain drawn in front. A man started a stopwatch and gazed at it in earnest. Time passed. I checked my watch, he had been in there for ninety seconds. The curtain was removed, to reveal his hand poking out the top trying to pick the locks on the outside, then the curtain was replaced. Another minute passed and banging could be heard from within. The man with the stopwatch brought his hand across his throat, signalling to end the performance. Someone ran on stage with an axe and the curtain was pulled away. The locks were still in place, but the tank was empty. The audience gasped. "Hallo," rang out around the auditorium. I turned to see The Russian in the stalls above, dripping with water. Wild cheers erupted and everyone clapped. "How did he do that then, Mr Smart Guy?" Dan asked, clearly pleased with himself. "I have no idea," I said, clapping without even thinking about it. The house lights went up. "There will be a ten minute intermission before the second part of the show, will guests with tickets..." the announcer said, listing off numbers, "... please make their way to the door at the side of the stage." "That's me?" I said to Dan confused. "Me too, are you excited?" "I don't understand?" He grinned and grabbed my hand. He led me along the row. "What's going on?" "Didn't you wonder why it was so expensive? We're part of the show!" A silent dread filled me. "I don't want to do it." "Come on! You're a magician, don't you want to know how it's done?" "Yeah, but I don't want to be on stage." "You've done that before, though." "Of course, but mostly in front of children. At most fifty people. Not in a theatre with over four hundred containing some of the most respected magicians in the world." "Too bad, you're going," he said, tightening his grip. We waited at the back of the line of eight people. A man checked tickets and one by one they were led backstage. Dan passed his ticket over, letting go of his grasp. I thought about leaving, but before I could, the man asked for mine and like a robot I handed it over. It was quiet backstage. "Oh shit, is that ?" I said as the man approached. "Hey," he said excitedly, "I'm..." "I know who you are," I said shocked that was talking to me. "Are you boys excited?" "Very," Dan said, "Baz here's a little nervous." "Don't be nervous," said, "this is what we are'll here for, right?" "I have no idea what's going on," I blurted out. "Don't listen to him," Dan said, "he's just scared." "And you should be, it's not very often that you're in the presence of a real magician." "What do you mean?" "You know, someone who performs real magic." I scoffed, "There's no such thing as real magic." "Is this guy for real?" said pointing his thumb at me. Dan shrugged his shoulders. balked at me, "Then why are you here?" "I wanted to see it for myself." "And that you will, son. Be part of it." "I don't think I want to." "This is a once in a lifetime opportunity," he said gesturing with his hands, "it's what we all dream of." We heard a roar of applause. "It's time," said, getting in line behind the queue that had now formed. "I don't know about this Dan," I said. "It'll be fine, I promise." I watched as the first of us was taken on stage. A round of applause, then silence. A minute or so passed, then I heard a blood curdling scream and my heart raced. "What the hell was that?!?!" "Shhhh," Dan said in deep concentration. Then the next one was taken and then the next. With each one, a silent time passed, the end of the trick punctuated by a scream. "Dan!" I said in a whisper, "That man has blood on him!" I stared at the stagehand as he exited stage right. Blood flecked his shirt and face. "It's all part of the fun," Dan said, slapping my back. My stomach lurched, as one by one, the line got shorter. "Wish me luck," said as he was led on stage. The man was now drenched in blood, but it didn't seem to bother Dan. "We have a special guest tonight, please welcome ," bellowed out on the tannoy. We were almost at the top of the stairs now. Dan watched the performance, his face lit up with pure joy before he grimaced and looked away. "What's happening?" I asked. "Holy shit, that was intense. I'm not sure I can do this," Dan said. But it was too late, the stagehand had already grabbed him and dragged him up. I ascended the last few steps and could now see the wooden floor. I gasped as Dan walked through the blood than now pooled. His shoes left yawning, sticky stalagmites in the congealing liquid. A horizontal box was opened and he was placed inside. From my angle it was obvious there was no-one placed in the leg side. I watched his feet poke through the holes at the end and the box closed on top of him. The magician picked up a chain saw, pulled the cord into action. Blue-grey smoke billowed out of the side as he revved the engine. Without a second thought, he brought it down, through the box. Dan's face contorted as he shrieked in agony. "Stop, stop!" he shouted. The magician ignored him. Blood sprayed out, covering him and launching a mist of bright, red liquid onto the crowd, who cheered in response. The chainsaw idled. The assistants pulled the box apart and just like the video, Dan's legs fell out of the other end of the box. It was then I noticed the box had been purposefully sloped to allow this to happen. That was the trick. I felt sick and ran. There was nowhere to go. A large man stood at the door I had entered. Luckily he hadn't noticed I'd panicked. I slowed to a walk and took the stairs down into the basement. As I descended, I heard the muffled tannoy then a rapturous applause. I paused at the door at the bottom. I assumed it was the fire exit. I tried to turn the knob but it didn't budge. I could hear voices on the other side. I placed my ear against the metal, flinching at the cold. It was a chant. Low tenor voices repeated the same line again and again, in a language I didn't understand. They switched into a more sing-song chorus, then returned to the original verse. I banged on the door and the voices stopped. "Mister, you can't be down here," the large man from backstage said. I obeyed him without a struggle. He let me back into the theatre. The crowd didn't acknowledge me. Waiters patiently walked through the punters offering more Champagne and canapés. Without thinking, I screamed out, "He's killing them! All of them, they are dead!" The audience silenced and looked at me. " is dead, everyone's dead. I saw it. It's not a trick!" "Sir," one of the waiters said holding his hand up for me to stop. "I won't be quiet, it's a fucking abattoir up there! Didn't you all see?!" People started to panic. I raced for the exit. The doors were camouflaged from this side. I ran my hand down the seam trying to find a hidden latch. "Calm down, sir." I turned to see the large security guard. "Fuck that, that man is insane! Let me out of here." He grabbed my arm, stopping me from leaving. The house lights went down again and the audience settled. "Please show your appreciation to your magician tonight and his wonderful volunteers." The man held me tightly, and I gave up trying to leave and gazed at the stage. The Russian appeared front and centre, bowing. His assistants from the night joined him. Everyone clapped. Then one by one, the people who were in the line ahead of me walked on stage, wearing pristine white suits. waved as he walked on, the audience cheered. The last to enter was Dan. I was shocked. The crowd stood and clapped. "Let's not forget our friend at the back there," The Russian said, as the spotlight travelled over the audience, stopping on me. I froze. The security guard let go of me and joined in the clapping. I ran my hand through my hair and feigned a smile. "I hope to see you all again soon," The Russian said for one last time and the house lights came up. Instantly murmurs broke out around the theatre. "Great job, really added to the finish," one man said as he exited past me. "Thank you," I said without thinking. Everyone wanted to shake my hand, but all I could do was stand in confusion and unexpected awe. The last of the people left, and so did I. As I entered the large hall I was in earlier, I saw Dan. He held a cardboard box under his arm. "Great job you did," he said grinning from ear to ear. "What the fuck just happened?" "I'm sorry," he replied. was standing next to him. "I admit it, I didn't think it would work, but your friend Dan here said it would and I trusted him." "Is anyone going to fill me in on what happened?" Dan put his hand on my shoulder, "They needed someone to cause a fuss, you know, to make it seem all the more real." "Dude, I saw you get chopped in half! What did you expect me to do." "It was really great," said. "I thought you were dead." He tried to smile, but I could see the guilt in his face. "Really sorry, man. It was a shitty thing to do. If we told you though, it wouldn't have looked believable. The Russian doesn't like to use shills." "What about the woman in the stocks?" "That was only the warm up. Hey check this out!" Dan opened the box and revealed his Tux, it was ripped to shreds. "Glad I didn't rent," he said laughing. "It was great to meet you," said, "here's my card. If you ever want to see me perform, let me know, I'll get you backstage passes." "You're not going to try to kill me too?" He laughed. "I'll see you around," he said, leaving through the backdoor. We followed a few minutes later. A row of limos waited to pick up people as they left. "You go first," Dan said. "Aren't you coming?" "Nah, I'll get the next one." I told the driver where I was going. I slept badly in the hotel, my dreams filled with corrupted visions of the night before. I flew back to England in the morning. I stayed away from that forum for a while, but curiosity got the better of me. There was a post about , saying he'd cancelled his tour. I read the comments, they were filled with the expected bile of people pissed their favourite magician had flaked out on them. There was a direct message. I clicked. It was from Tricked4Life. It contained a single photo. It appeared to be of someone's torso, a purple-pink bruise ran horizontally along its stomach, blood seemed to leak as if it were some sort of wound. Underneath the photo was a comment. "I need help, I think the magic is wearing off." I replied and told him to go to the hospital. That was 48 hours ago and I've not heard back. xx
Adrafinil vs Modafinil - The Definitive Reddit Guide
What is Modafinil?
Modafinil is a eugeroic – or, simply, a wakefulness-promoting agent – with a primary purpose of combating narcolepsy amongst suffers. Eugeroics differ from other stimulants because they are considered relatively non-addictive. This means that they do not cause the typical side effects experienced with most stimulants, like agitation and nervousness. Let us first discuss the chemical components of Modafinil. It is a racemic mixture, and such mixtures have equal amounts of left- and right-handed enantiomers. Enantiomers are the two forms in which large numbers of chemicals exist. Both forms are chemically and structurally identical, yet are nevertheless mirror images of the other. In other words, enantiomers are the ‘left’ and ‘right’ versions of a drug. These are called S and R enantiomers. One enantiomer is typically responsible for the majority of a drug’s effects, while the other can contribute to those positive effects. In other cases, the less dominant enantiomer can cause adverse side effects, or it be inert. Interestingly Modafinil Most racemic mixtures are balanced equally. This means half of the mixture is ‘left’ enantiomer and the other half is ‘right’. Modafinil is an equal combination of its S- and R- enantiomers, meaning that both have a psychoactive function. Just as you sometimes need two hands to do a job correctly, Modafinil uses both of its enantiomers to provide the ideal effect on body and mind. Preliminary scientific evidence has found that Modafinil works through histamine signaling. This phrase might indeed baffle you if you aren’t familiar with biological terminology. What this essentially means is that the histamine receptors, found for example in the central nervous system, are provoked. Michael J Minzenberg and Cameron S Carter’s journal provides ample scientific research on Modafinil’s neurochemical actions and effects. Histamine acts a neurotransmitter, a chemical substance which is released at the end of a nerve fibre by the arrival of a nerve impulse. Neurotransmitters affect the transfer of the impulse to another nerve fibre, muscle fibre, or some other structure within the body. Modafinil enhances histamine activity by stimulating the central system. This increased activity therefore impacts other nerve fibres/muscle fibres in the body, accounting for its ability to stimulate a fatigued body. As well as fighting tiredness, Modafinil also improves general mood and well-being amongst users, with positive improvements seen with mental focus, analytic capability and memory recall and retention. Britain deems Modafinil a prescription-only drug. In America, meanwhile, Modafinil’s brand name is Provigil. It is considered a scheduled drug, meaning that it necessitates a prescription in order to obtain it legally.
What is Adrafinil?
Adrafinil is a pro-drug to Modafinil. This simply means that supplementation of it increases concentrations of Modafinil in the body. The liver changes Adrafinil to Modafinil. Similarly to Modafinil, Adrafinil’s cognitive benefits are enhanced by noted improvements in day-time alertness, motivation, mood and energy levels. It also does not generate the irritability, anxiousness and nervousness routinely experienced through the use of other stimulants. Britain does not measure Adrafinil under the Misuse of Drugs Act 1971, a legislation that governs the regulation of drugs. This means that it is not regulated. Adrafinil’s legal status and nootropics in general, nevertheless remains in grey area. It is lawful for purchase by British residents, but only for personal use. In the U.S, however, the drug is currently legal and can be bought, prescription free, as an alternative to Modafinil. Though its manufactured moniker Olmifon was discontinued in 2011, Adrafinil itself can still be purchased easily online.
Why do they differ?
Modafinil and Adrafinil are two of the most popular stimulants available. Though both offer similar if not identical cognitive benefits, there are key distinctions between both. Chemically speaking, the structures of both drugs are very similar: Adrafinil Structure It is, however, with the body’s processing of each drug that differences become most apparent. Modafinil is processed through metabolic activity occurring mainly in the liver. Lesser contributions to the metabolising process are made through the activity of the enzyme cytochrome P450 (CYP). Cytochrome p-450 (often abbreviated “CYP”) is a class of enzymes that is involved in the metabolism of many medications and is located primarily in the liver. But, what exactly are enzymes? They exist in living organisms and catalyze specific biochemical reactions within the body. At the beginning of a reaction process, molecules exist called ‘substrates’. The enzyme converts these into ‘products’. All metabolic processes in cells require enzymes to react within the body at rates fast enough to sustain life. Adrafinil differs because it is changed into Modafinil in the liver. This means that it relies on greater enzyme activity to process correctly and efficiently. The conversion process of Adrafinil and Modafinil sees the former breaking down into the latter as a compound. This is how it is metabolized. Enzymes are relied upon more during the metabolic process of Adrafinil. As mentioned briefly in the metabolism of Modafinil, the enzyme involved in metabolizing Adrafinil when it reaches the liver is Cytochrome p-450. How quickly the liver is able to convert Adrafinil is dependent upon metabolic rate and the efficiency of the liver overall. Two people of the same sex, similar age and weight can take the same dose of Adrafinil but achieve very different results. In necessitating a more rigorous metabolism process, the most profound difference between Modafinil and Adrafinil is that the latter requires the greater use of Cytochrome p-450. Over time, if the drug is not taken cyclically, such enzymes can build up in the liver with potentially damaging effects on the organ as a whole.
Adrafinil vs Modafinil Dosage
For Adrafinil, it as advised to dose between 600 to 1200mg per day. It is further advised, as with the majority of supplements, to begin on a low dose, only increasing the amount after recognizing your own body’s reaction and tolerance. Adrafinil should not be taken in the afternoon and evening to prevent a sleepless night. Ideally, it should be taken 3 times a week and for no longer than five months. This is primarily to prevent side effects, tolerance and the build-up of enzymes in the liver. Examine.com state that Adrafinil’s recommended dosage range is vast, ranging from 600 to 1,200mg. BodhiSvaha on erowid.org explained their willingness to take both small doses and larger ones of Adrafinil:
After extensive experimentation with dosage, I have settled on taking 300mg when I wake up and another 300 mg in the early afternoon. There does not seem to be much, if any, habituation or tolerance created by Adrafinil.Occasionally I will take doses up to 1200 mg when a high degree of concentration is required. I have found this dose to be very effective at potentiating and improving the tryptamine experience, in particular. I find tryps sometimes bring a feeling of lethargy or body load with some cognitive dullness. Adrafinil counters this effect very nicely.
Here it is evident that, despite there being a large range of recommended doses for Adrafinil, all of them are safe. Whatever you choose within that range is dependent on your desired alertness and bodily tolerance. Reddit user ssitimefill explains the necessity of slowly upping Adrafinil dosage, as well as suggesting why a higher dose than Modafinil is required:
To my knowledge it is not established how what proportion of adrafinil is broken down into modafinil and what proportion into modafinilic acid.This proportion likely varies person to person, and also by dose. Some studies have reported adrafinil more potent at lower doses.The general psychological effect of adrafinil depends not only on the quantity converted into modafinil but the rate of this conversion.300 mg of modafinil from adrafinil is not likely to produce an identical effect from 300 mg of modafinil.Basically there is no way to determine optimum dose of adrafinil other than trial and error.The best procedure is to start with low doses (measured via scale) and slowly increase dose until you reach the optimal, then sub-optimal dose. When you have reached sub-optimal dose (too much adrafinil) you can deduce what dose is optimal for you.
Because Modafinil does not transform in the liver, it generally requires lesser dosage to reach its optimum effect. Modafinil is typically sold in 100 mg or 200 mg tablets. The latter option is more popular due to its greater availability. 200 mg is indeed the recommended dose, to be taken once per day, usually during the morning. It may be taken with or without food. (nootriment.com) Some recommend starting with an initial intake of 100 mg Modafinil dosage. This helps with accustoming the body to the drug itself. An anonymous writer on erowid.org posted his first use of 100mg Modafinil, describing its positive effects:
And today I tried modafinil 100 mg for the first time. I took it at around 10:45 AM today and it is now 4:35 PM. My experience has been much like those of others herein described– initial buzziness (~1 hr after I took the pill) that lasted about as long. But for the past 4 hours, I have been just plain awake. I have not succumbed to the usual desire to take a nap in the afternoons despite the near-90-degree heat, which usually puts me right to sleep. I have had no such desire in fact. I am not jittery or having unusual thoughts, etc.
It is also possible to take higher doses. Up to 400 mg per day has been shown to be very well-tolerated. Pino on drugs-forum tried a variety of dosages and provides some succinct information of the results: Combinations:
200 mg modafinil +caffeine: Pleasant vibe, easy and fast thinking. Able to solve sudokus a lot quicker. The bus driver becomes more self reassured in conversations and is able to focus more than 16 hours. Sleep quality is ok. (bp: 130/80)200 mg modafinil + too much caffeine (4 cups of coffee): Anxiousness and some hypertension kicks in here. (bp: 140/93) Concentration is less than optimal in this region.400 mg modafinil + normal caffeine: Nice euphoria, but can also turn into anxiousness.
It is clear that the recommended doses are speculative and dependent on personal accounts of drug use. There are certainly more user reviews around the internet that explain individual experiences of alternating dosage amounts. There is, of course, still the question of the differences in dosage between Modafinil and Adrafinil. Jjhurley on Reddit discussed the differences in dosage between both:
… most people tell me 300mg of adra is comparable to just 100mg of moda. Whether your ratio or this other ratio is correct doesn’t make too much a difference, but I have been taking 600mg of adra and don’t want to lose any potency. Is this to say I should go with 300-400mg of moda? If so, that’s a little upsetting because I was really hoping to have equal, if not better, experiences on just 200mg of moda.
ProfWiki agreed that Adrafinil should be taken in higher dosages than Modafinil:
I take 600 mg in order to get effects. This is equivalent to about 200 mg of modafinil. I think throwf0 read you as saying modafinil since he mentioned modafinil. Modafinil is a lot stronger than adrafinil. 150 mg of adrafinil would be about like 50 mg of adrafinil.Anyway, like I said, 50 mg of Adrafinil is far too lose to be effective. 50 mg of MODAfinil might work okay for some but they typically are just breaking up a standard 100/200 mg dose.Being that Adrafinil works by metabolizing into Modafinil, and that as a rule of thumb 1/3 of Adrafinil turns into modafinil, a 50 mg dose of Adrafinil would be just roughly 16-17 mg of modafinil. There wouldn’t be any effects from such a low level dose.
Adrafinil vs Provigil
Let us first make one distinction: Adrafinil = generic drug Provigil = brand name of Modafinil It is often questioned what the difference between Provigil and Adrafinil is. However, the former is simply a branded name for the generic drug Modafinil, which, as we have now found, is the metabolite of Adrafinil. So long as users are acquiring pure generic versions of Adrafinil, then the same effects as Provigil will be felt and the advised dosage will essentially be identical. It is therefore not unusual for potential users to question the differences between Provigil and Adrafinil. Moreover, it is certainly not unreasonable to question their differences. For instance, internet user Shatneresque questioned the difference between Modafinil and Provigil, which are the same drug, asking:
My pharmacy sent me a email saying I can now replace my Provigil ($125 a month) with the generic version and they need my okay to do so.Before I say yes and say the money, I want to know if anyone has noticed any differences. I am very happy with the provigil and have been taking it for several years.
This query was answered by Serpens:
It appears that Cephalon, the maker of Provigil, has been purchased by Teva, titan generic manufacturer. There are currently three manufacturers selling a generic labeled ‘modafinil’ : Cephalon (brand holder), Teva, and Par. All three are using the same brand name NDA license on file with the FDA. In addition, Elsevier’s Clinical Pharmacology has images and references available for the generic product being shipped for all three drug companies.They’re all the same pill. Images of all three products show a white oblong tablet with “Provigil” on one side, and the strength on the other. All products have the same inactive ingredients.
Queries like this prove that caution is imperative when deciding on which supplement to use. This is especially true if you are a first time user or are, like Shatneresque, accustomed to using one particular brand such as Provigil. Researching alternatives and finding the most information about whatever drug you are choosing is vital if you are to select the right one for you. Awareness is the key and there is no harm in asking questions that, to you, may sound obvious once they are answered.
Provigil was originally manufactured by Cephalon, the same company behind the previously branded version of Adrafinil (Olmifon). Business editor Dell Poncet writes of how, in 1999, interest for both Cephalon and Provigil was taking off, with registered quarterly sales of $10.7 million. Being among the leading biopharmaceutical companies in the world, Cephalon flourished. In 2011, it was acquired by Teva, the largest generic drug manufacturer in the world for a huge $6.8 billion (read more here). There is little surprise, then, that Provigil is sold at quite a cost. A 30-day supply of Provigil 200mg pills can cost as much as $1500. Buyers in the UK can therefore expect to pay even more if the pharmacy offers world-wide shipping. Since branded Modafinil is so expensive, Adrafinil is clearly the best alternative. The latter drug does not come attached to a manufactured title, and is inexpensive yet easily attainable. What is more, it can be bought prescription-free online or by phone. There are plenty of legitimate outlets stocking Adrafinil and these can be accessed at the click of a button. If economizing is one aspect of importance, then Adrafinil is certainly the best choice.
Modafinil in India
More importantly health-wise, though, is the scary possibility of purchasing a dodgy-version of branded Modafinil online. With the cost of Provigil being so high, it is unsurprising that many prospective users look for a cheaper alternative for their first time trying the drug. Many turn to the internet’s grey market, where there is a lingering risk of being ripped off with tampered drugs. This is where extra caution and care should be applied. Once users began contemplating off-label equivalents, international pharmacy websites quickly took the opportunity to sell these kinds of drugs. The most popular location from which many internet users buy unbranded Modafinil is India. Sources of the drug in India do not require strict quality control, nor are prescriptions required by users. In fact, there is much information to be considered with regard to India’s counterfeit drugs market. This article on New York Times discusses how:
India’s drug industry is one of the country’s most important economic engines, exporting $15 billion in products annually, and some of its factories are world-class, virtually undistinguishable from their counterparts in the West. But others suffer from serious quality control problems. The World Health Organization estimated that one in five drugs made in India are fakes. A 2010 survey of New Delhi pharmacies found that 12 percent of sampled drugs were spurious.
Meanwhile, this article on safemedsonline.org attests to the New York Times’ discussion, stating that:
The Food and Drug Administration recently conducted a series ofraidsin India to uncover counterfeit drugs. The raids yielded large quantities of substandard medicines and resulted in several arrests. However, in India, the penalties for making and selling counterfeit medicines are minimal, the convictions are rare, and the profits are enormous. Since the raids late last year, the problem has only gotten worse.
Alarm bells should definitely ring here. Without quality control, many drugs that appear on international websites do not contain legitimate ingredients. It is a huge gamble to assume your purchased pills are pure or authentic. There’s a great possibility that you might not experience the proper effects of the medication and there is serious potential that you may have toxic reactions to the ingredients in fake versions of the drug. Some websites and online Nootropics communities maintain lists of verified and trustworthy Modafinil vendors, but such vendors do not generally stay on the lists for long. In many cases, a trusted supplier can end up sending out a fake or ineffective batch of pills even after you have developed a long-standing relationship with them. It is almost impossible to protect against this risk. There is really only one sensible alternative if you find the price of Provigil unreasonable, or if you are contemplating buying potentially contaminated off-label versions from India. Users should purchase Adrafinil from a reputable supplier instead, rather than paying the very serious costs of purchasing from an unreliable source abroad.
Adrafinil vs Modafinil forum
There are many reviews across the internet on individual preferences: Adrafinil or Modafinil. It is all, of course, subjective to user experience. Whilst some remain skeptical towards the newer of the two drugs, Adrafinil, there are huge amounts of successful reviews to be considered. On reddit, jjhurley writes:
Long story short, today is just my 3rd day using adrafinil and I’m impressed with the results so far.I keep reading from people who’ve experienced both adra & moda is that they prefer modafinil. To me it is surprising there would be a whole lot of difference given what we know about adrafinil converting to modafinil once in your system. I understand the conversion takes time but I wouldn’t think that to make a significant impact to different effects.
It is also important to remember that Adrafinil is converted into Modafinil once in the liver. Many users therefore experience the same results with both drugs, and are positive in their opinions of both. DoyouknowmyPW on Reddit concurs, stating that:
I’ve been using Adrafinil and Modafinil for a few weeks now during the workweek. 100-150mg for Modafinil, 200-270 for Adrafinil. I’ve never noticed any painful side-effects, might just be a coincidence. Sharp pain like that could be trapped gas (of course I am not a physician though!).It does help greatly staying more alert during the day. Before I would have issues some days where I am truly struggling to keep my eyes open, especially during meetings. I’ve fallen asleep at least twice for a brief second because my eyes were just too heavy. Since I’ve been taking the morning dose that sleepiness has gone away and I am now on a better sleep schedule because I feel tired when I’m suppose to.
Some users speak of branded versions of the drugs. For example, Akoward on drugs-forum writes:
Recently got a hold of some Nuvigil. Have had previous experience with Olmifon (Adrafinil). As has been said before its much more potent at lower dose that Adrafinil. I only need 1/2 a pill to do what 2x300mg Adrafinils were doing for me. I took a whole Nuvigil the first time and was more productive in that single day that I had been in ages. Got all my work done, worked on personal projects… it was amazing. I will say that some of the physical side effects were a little troubling (ever present tightness in the collarbone to middle neck area, massive restless legs)
It is important to see that with Akoward’s review, despite him alternating to the branded Armodafinil, side-effects were still experienced. This goes to show that Adrafinil, though not manufactured under a moniker, is no less competent in generating the excellent results that might be expected from those drugs which sound more ‘professional’.
Adrafinil vs Modafinil vs Armodafinil
Like Adrafinil and Modafinil, Armodafinil is a stimulant used to combat fatigue. Introduced in 2007, Armodafinil appears under brand names such as Nuvigil, Artvigil, and Waklert. It is purportedly more effective at lower doses than its relatives Adrafinil and Modafinil. Armodafinil is an enantiopure drug. Enantiopure drugs contain only one of the enantiomers (spoken about earlier), R or S. The R enantiomer is longer acting and is most responsible for the effects of Modafinil specifically. Since the S enantiomer is not as strong, Armodafinil’s dosage is therefore lower. Most doses are 150mg compared to Modafinil’s 200mg standard dose. Whilst the effects last for roughly the same time, Armodafinil takes longer to reach its peak than Modafinil, and therefore even longer than Adrafinil. This is simply because the S enantiomer reacts and leaves the body faster. Remember, Armodafinil does not have the S enantiomer, whereas Modafinil does. Adrafinil does, too, because Modafinil is a component within it. Because of this, users find that the effects of Armodafinil take longer to make themselves apparent – a potential disadvantage for prospective users. So, how is Armodafinil processed? Dopamine is a compound existing as neurotransmitter within the body. It is also precursor of other substances including adrenaline. Armodafinil is an indirect dopamine receptor agonist. What this essentially means, then, is that Armodafinil provokes the dopamine levels in the body. Armodafinil is metabolized in much the similar way as Modafinil. It relies on amide hydrolysis primarily, and enzyme activity from by cytochrome P450 secondly. Amide Hydrolysis refers to the reaction with water of amides – a compound) As a consequence, this means that is does not rely as much on heavy enzyme activity in the liver. Adrafinil does. This presents further difference that may be considered by potential users. However, it is important to remember to stick to dosage guidance. If taken properly, and often cyclically, Adrafinil is no more threatening to the liver than Modafinil or Armodafinil. Because Armodafinil, Modafinil and Adrafinil are all very similar in terms of effect, there is much discussion about which is the best. With regard to Modafinil and Armodafinil specifically, some may assume that because small dosages are needed for the latter that it is more efficient. However, it is important to remember individual sensitivity levels. Different drugs can have different reactions for different people. Potency is therefore not the only factor; the personal experience of using either Armodafinil or Modafinil is equally important. A trial and error approach may be necessary, but, of course, extensive research to find the best possible supplement for you is paramount. In undertaking research, then, you may discover information that suits your needs. For example, it is proposed that, unlike Modafinil, Armodafinil will not actually disturb your existing sleep patterns. Modafinil users might agree a good night’s sleep is difficult to achieve depending on the dosage. Reddit user guitar1560 states that
I took 50mg two days in a row twice. Couldn’t sleep well the second night both times
Whereas SequenceConvenience writes
I’ve experienced pretty strong sleep changes while taking modafinil, but nothing that has been negative. I actually seem to need less sleep, at least in the sense that it is very easy for me to get out of bed the day after taking modafinil. Then again, I also don’t seem to have much in the way of dreams during those nights.
Armodafinil does not impact sleep pattern. However, with SequenceConvenience’s review, it is clear that some find this a positive effect of Modafinil while others, like guitar1560, may be disappointed. Respective costs of the drugs might further influence your decision. KimberCT on Longe City tried both Armodafinil and Modafinil, but was swayed somewhat by the price of Nuvigil (the branded name of Armodafinil):
Currently taking 250mg armodafinil daily. To be honest, I kind of prefer modafinil. It seems to have a little more of a quick kick to it. Probably that isomer with a short half life peaking. Other than that, I can’t tell the difference between Nuvigil and modafinil (Sun Pharma). I’d probably have continued taking modafinil, but Cephalon has jacked the price since Nuvigil was FDA approved. With an Rx, Provigil is twice the price of Nuvigil. Their way of getting everyone onto Nuvigil before Provigil’s patent expires.
Adrafinil, meanwhile, can be obtained very cheaply online because it does not exist under a manufactured name. Nevertheless, many of these drugs are safe to use even if they lack a moniker like Provigil or Nuvigil. To stop concerns of the legitimacy of your purchased drug, always ask that your online manufacturer provides a COA (Certificate of Authenticity) on demand. This means that the substance batch has undergone a third-party laboratory analysis to ensure that your purchased drug matches its label and is not contaminated. A common side-effect of Adrafinil is that the urine can smell different after ingestion of the drug. This is because one of Adrafinil’s metabolites contains a sulphur-based compound, and sulphur is strong smelling in itself. However, these criticisms are not limited to Adrafinil alone and it should not sway potential users away from this particular drug. Modafinil has also been found to change the odor of urine. For example, PhysicsMaestro on Longe city queries:
I’ve been using modafinil (modalert) for about 8 months now, and regularly noticed a distinct smell of my urine whenever taking it. However, with this armodafinil, I don’t seem to notice it, which worries me a bit (i.e., not really what it states to be). Has anyone else noticed this difference between armodafinil and modafinil? I thought maybe the S-enantiomer could be metabolized and excreted quicker, thus resulting in an early onset smell, but I am just guessing.
The difference could easily be due to one of the excipients of the tablet, not the active ingredient. It’s also possible that only the S-enantiomer causes the smell, and of course, there’s the possibility that either these pills or the old ones didn’t actually contain modafinil. Sometimes they contain caffeine or dimethylamylamine or other stimulants, either mixed with modafinil or completely replacing it.
PhysicsMaestro thereafter concurrs:
I thought the odorous urine was ubiquitous to all variants of modafinil, resulting from its metabolites. But I guess the smell could be dependent on the enantiomer. I am willing to assume that whatever enzyme metabolizes modafinil to modafinil acid would leave its chirality intact. I don’t think it would be the excipients since the smell is so widely reported with different sources (and the modafinil has a sulfiyl group, so)
Nor does Armodafinil escape the urine issues. An anonymous writer on Erowid.org wrote:
Oh, and the pill tastes awful. Don’t let it get stuck in your mouth. And my pee starts to smell like it, too, but I get used to it
It is therefore important not to be selective of criticism based on what drug you have been swayed by. If you read that Modafinil is apparently “safer” because it does not rely on rampant enzyme activity, then do remember to include other issues such as cost-efficiency and, of course, other side-effects that might become more apparent than rare liver problems. These side-effects might include nausea, chest-pain or a faster heart rate (nhs.uk). Adrafinil stands out as the most cost-effective, and, though it has been reported to alter urine odor, it is not alone. Modafinil, the more expensive, and Armodafinil, with a longer reaction time, also generate similar side-effects. As well as reviews on specific effects of Adrafinil, Armodafinil or Modafinil, there are plenty of general overviews to be found around the internet. On Reddit, BitcoinOperatedGirl writes of her experience:
I tried the adrafinil first, starting with a low dose of 200mg one morning. I prepared a capsule and put it in a baggie next to my pillow before I went to sleep. When my alarm clock rang in the morning, I swallowed the capsule, silenced the alarm clock, and went back to sleep. I was expecting the stimulatory effect to eventually wake me up, as a caffeine pill would, but I ended up sleeping for two more hours. I felt a little disappointed after getting up and not feeling any stimulation, so I decided to add an extra 400mg to the mix.The rest of the day, I was in a fairly good mood. I thought that I was maybe a little more energetic and motivated than usual. I was fairly productive and I worked out. The effect wasn’t what I expected, however. I’ve read people on here talking about feeling wired, and “laser beam focus”, but a whole 600mg of adrafinil felt nothing close to what I imagined (I guess I imagined it would feel like a mild dose of ritalin or something). On the upside, I experienced no substantial anxiety, whereas all the amphetamine-like drugs make me very uncomfortably anxious (I really can’t stand them, they feel disgusting to me). I didn’t really feel a crash and I went to bed at my normal hour.I’m experimenting with adrafinil again today. I took 800mg this time. I was feeling particularly tired this morning (cripplingly tired, lethargic really). I definitely feel more energetic now. I’ve gotten some work done, I’m feeling the drive to write walls of text on reddit and I’m going to have a workout in a few minutes. I don’t expect to have any motivational issues today. Maybe I’ll even cook something fun. Only unfortunate side-effect seems to be a mild headache, but advil seems to be taking care of that.I also tried armodafinil a week ago. Took a small 75mg dose in the morning. Same setup as with adrafinil. I also fell back to sleep for 2 hours. I felt pretty anxious that day and also got a headache. I can’t quite be sure the armodafinil is to blame but I suspect it is. Seems much more anxiety-inducing than adrafinil, which is unfortunate given that it seems adrafinil is worse for your liver. Armodafinil is probably just not for me.
Nezxon on LongeCity meanwhile states that:
I’m taking 75mg Adrafinil (Olmifon) twice daily and I haven’t experienced any side effects. I’d like to give Armodafinil a try, perhaps even safer in the long-term than Modafinil is.
These kinds of reviews certainly help to build a solid picture of each drug’s story. Undertaking research like this to decide on which drug is preferable to you is definitely something you should embark on before picking at random a supplement based on one review.
Adrafinil vs Modafinil reddit
The only notable difference in reviews between Modafinil and Adrafinil is that the latter takes longer to take effect. For example, justmodz1 stated that:
adrafinil is the precursor of modafinil in that it came first and led to the discovery of modafinil in fact adrafinil turns into modafinil in the body due to breakdown of it molecules which actually means that the two have the same effects but adrafinil takes longer to take effect.
While KPC100 agreed that:
Adrafinil gets turned into Modafinil in your system. Because of this, you need a much larger dose and it takes longer to take effect.
Although it does have a longer reaction time, this certainly shouldn’t be a downfall of Adrafinil. It is simply a case that Adrafinil’s chemical processing takes a little longer. However, once complete, the results are just as effective as those found with Modafinil. Take into consideration, also, that Adrafinil will certainly stimulate, energize and ultimately shake you awake. The seemingly longer period of time before this happens will soon become irrelevant when the benefits are reaped. Further Reddit reviews compare other aspects of Adrafinil and Modafinil. Jjhurley, commenting on the actual nature of each drug, states that:
I keep reading from people who’ve experienced both adra & moda is that they prefer modafinil. To me it is surprising there would be a whole lot of difference given what we know about adrafinil converting to modafinil once in your system. I understand the conversion takes time but I wouldn’t think that to make a significant impact to different effects.
While the same user goes on to discuss issues of costing, in the end suggesting that, in terms of price, they would definitely prefer Adrafinil:
I was really hoping to have equal, if not better, experiences on just 200mg of moda. The reason I’d like to not take more than that is simply cost. At $1.50-2.00 per 200mg pill of moda (prices based off the quantities I’d be ordering as well as variation in supplier prices) it’s too costly to have to take twice that for my own personal budget. To be honest, even at $1.50-2.00 per pill/200mg is already high for my budget.I can get 50g of adrafinil for $98 which comes out to up to 50% cheaper a single moda dose/pill of 200mg. If conversion ratios are right and I’d need two pills or 400mg of moda though then my adra would be 75% cheaper.
There are plenty of important aspects to consider when choosing between Modafinil or Adrafinil. Firstly, selecting the safest and most reliable drug should be of paramount interest. Whereas Adrafinil is often tested by third parties and is shipped nationally rather than across sees, Modafinil (both branded and unbranded versions) is often left untested and sent from India. Quality control is a big issue of concern for international pharmacies and should definitely guide your final decision. Pricing is also important to consider. Although you might think you’re getting a better deal by choosing a cheaper off-label version from India, it is still not as easy to buy Modafinil as it is Adrafinil. Most venders of Modafinil do not accept Paypal. This service offers secure buyer protection. With the option of a legitimate, nationally supplied alternative in Adrafinil, it is illogical to risk your bank account details instead – just to purchase a drug that will likely be contaminated and unsafe
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