Cryptocurrency

[scooterscot]

https://medium.com/@BABB/babb-token-...t-1b7690806a1f

Some good news from the BABB camp.

Well done them. Now give it time and watch them, hopefully grow. If they're successful in obtaining a UK banking licence... Lambo!!

[scooterscot]

Looks like the BABB CEO has dabbled in devops ...

BABB APP LTD
Previous company names
WOWPAYMOBI LTD 08 Dec 2014 - 21 Nov 2016
AL-KEBSI LIMITED 29 Sep 2010 - 08 Dec 2014

Have watched a few of his presentations, seems a little shy. Yet he appears to believe in what he's selling, so I'm happy.

[SunnyInHades]

If they're successful in obtaining a UK banking licence... Lambo!!

That would be a serious mooning - the licence would also potentially open the floodgates of easy UK fiat<->crypto transfers
No walk in the park though ...

How to get a UK banking licence..
Organisations need to document their business plan and the products and services they want to offer as this will directly impact the level of authorisation required from the PRA and FCA. It is also important to consider the senior management team, financial resources, investment, IT strategy and outsourcing requirements. Prospective bank founders need to provide evidence of their intimate knowledge of banking. Critics say this means lots of bankers are needed in the exec team or on the board, cutting out a large section of the fintech community.

At this stage, firms enter into what can only be described as a courtship with the regulators. Over a series of meetings, the organisation must outline its intentions and demonstrate that it has what it takes to follow through.

The application phase requires organisations to submit:
A standard application form set;
A fully developed regulatory business plan;
A fully developed recovery and resolution plan;
Fully developed financial resource documents (ICAAP and ILAP);
An outline of the proposed governance/structure/board/senior management regime, including a high-level structure with the ‘key guiding minds’ in place; senior management roles critical to mobilisation identified and ready for recruitment;
A high level outline of IT systems;
A fully considered outsourcing plan;
A document outlining how the bank will fund itself including capital adequacy (the capital the bank must hold to cover risks that are dependent on the type of products it will offer).

When it comes to IT, organisations need to prove that they’re able to successfully deploy the required IT, monitor it and keep all data secure.

They must demonstrate what they’ll do if systems are unavailable for minutes, hours and days – particularly problematic if it’s an app-only bank of course! They’ll have to think about the steps they’ll have to take to ensure customers don’t suffer and what they’ll do to find a solution when things go wrong. And, most importantly, how customer funds will be safeguarded in event of failure.

In this period, would-be banks will need to respond to requests for further information and provide the regulators with any required detail. Everyone in the exec team knowing every scenario, word, number, and ratio is vital.

Six to eight months following application an ‘interim’ banking license will be provided if the regulators are convinced the organisation has what it takes to build a bank and run it successfully.

[SunnyInHades]

Very difficult to quantify that. What's crypto ? No rules or regulations.
Why not invest in my HMRCTulipCoin coin below ?

BoomBoomBananaCoin (BBBA) is the successor to HMRCTulipCoin

Coin Details
Ethereum based ERC20 Token
Initial Supply & Price: 1,000 BBBA, 1 ETH = 10 BBBA (1 BBBA approx £60 at time of writing)
Currently deployed, tested, verified and published on the free Ethereum 'Ropston Test Network'. Could also be deployed to the 'Main Ethereum Network' in 1 minute. Could also be ICOed, although not planned.
See https://ropsten.etherscan.io/token/0...5d799fe1ba92f6 for details

WhitePaper
BoomBoomBananaCoin is a revolutionary new Ethereum token designed to fund and support the development of 'cryptolines', itself a breakthrough in the application of blockchain technology for text presentation. 'cryptolines' will only exist in the CUK Cryptocurrency forum.
To use 'cryptolines' copy'n'paste the text at the end of this post into the yellow box at https://golang.org

BoomBoomBananaCoin features a ground breaking zero fee, instant, distributed 'telepathy' crypto exchange
- exchange any coin to/from BBBA & choose your own 'leveraged' value of BBBA at any time using Telekenis
.. more details coming soon.

Any reader of this forum post is free to use the BoomBoomBananaCoin exchange at any time.
Any loses accrued via the exchange can of course be offset against tax.
All details of BoomBoomBananaCoin and 'cryptolines' are subject to change, deletion or amendment without notice, at any time, 'on a whim'.

package main

import (
"bytes"
"crypto/sha256"
"strconv"
"time"
)

import (
"fmt"
)

type Block struct {
Timestamp int64
Data []byte
PrevBlockHash []byte
Hash []byte
}

type Blockchain struct {
blocks []*Block
}

func (b *Block) SetHash() {
timestamp := []byte(strconv.FormatInt(b.Timestamp, 10))
headers := bytes.Join([][]byte{b.PrevBlockHash, b.Data, timestamp}, []byte{})
hash := sha256.Sum256(headers)
b.Hash = hash[:]
}

func NewBlock(data string, prevBlockHash []byte) *Block {
block := &Block{time.Now().Unix(), []byte(data), prevBlockHash, []byte{}}
block.SetHash()
return block
}

func NewGenesisBlock() *Block {
return NewBlock("Genesis Block", []byte{})
}

func (bc *Blockchain) AddBlock(data string) {
prevBlock := bc.blocks[len(bc.blocks)-1]
newBlock := NewBlock(data, prevBlock.Hash)
bc.blocks = append(bc.blocks, newBlock)
}

func NewBlockchain() *Blockchain {
return &Blockchain{[]*Block{NewGenesisBlock()}}
}

func main() {
bc := NewBlockchain()
bc.AddBlock("BoomBoomBananaCoin1 woz ere")
bc.AddBlock("BoomBoomBananaCoin2 woz ere")
bc.AddBlock("BoomBoomBananaCoin3 woz ere")
bc.AddBlock("BoomBoomBananaCoin4 woz ere")
for _, block := range bc.blocks {
fmt.Printf("Prev. hash: %x\n", block.PrevBlockHash)
fmt.Printf("Data: %s\n", block.Data)
fmt.Printf("Hash: %x\n", block.Hash)
fmt.Println()
}
}

[scooterscot]

Thank goodness for that. So I threw 1 BTC at this ICO back in July 17 when it was about $2k. Value of holdings now almost worth $30k - I can live with that

Tezos Finally Plans to Launch ICO Coin After Ousting Swiss Foundation Head

[scooterscot]

very nice

probably sails back down to $9-9.5k but one can see the future months will be anything but dull.

[VirtualMonkey]

Foor those that are hodling 1ST....there's a notice on bittrex that it's removing the 1STBTC market on 9th March.
Tradingview doesn't show anywhere else that has that market. Might be a time to sell

[Jog On]

BTC might be printing a right shoulder of an inverse H&S on the daily. If this is the case it could keep doing it for a few days to make it even with the left shoulder.

No one wants uneven shoulders, this is why I do barbell exercises (military press) instead of dumbells when doing my shoulders.

[FrontEnder]

BTC might be printing a right shoulder of an inverse H&S on the daily. If this is the case it could keep doing it for a few days to make it even with the left shoulder.

No one wants uneven shoulders, this is why I do barbell exercises (military press) instead of dumbells when doing my shoulders.

[Jog On]

Updated my chart idea:

https://www.tradingview.com/chart/BT...le-resistance/

Could go either way but tentatively optimistic. Looks very head and shouldersey but I've seen better heads and shoulders - that have still failed. Lots of resistance to get through still but looking better...