From the smouldering ashes of the financial crisis, my interest in economics was born. From reading blogs and news articles to the birth of Bitcoin, my knowledge and understanding of our financial world grew. But how could I put my knowledge to use and be financially rewarded?
The decentralised, peer to peer, blockchain disruption is under way and the doors are open to anyone who has an internet connection. Cindicator is a decentralised, community driven platform that uses hybrid intelligence to provide financial market indicators. It now has over 95,000 individual analysts who send their predictions into the Cindicator ecosystem. These financial predictions are then enhanced using artificial intelligence to refine the data and make the forecasts more precise.
I came across the Cindicator project in late January 2018 whilst doing my weekly research of new and exciting start-ups that are based on blockchain technology. Reading about the project on Cindicator’s website really got me excited so I quickly registered to become an analyst and started making predictions. To my amazement, at the beginning of February I received an e-mail from Cindicator notifying me that I had finished in the top 20% for the month and I had been rewarded with Ethereum.
I’ve carried on making my predictions and have been fortunate enough to earn a reward each month so far. I think Cindicator is a unique system that provides powerful financial indicators. Many analysts providing unique insights in a decentralised manner produces more accurate market indicators than large groups of analysts working together.
You don’t need to be working in the City of London to be rewarded for your financial insights! Thanks to the very smart and easy to use Cindicator App you can now participate in making predictions in both traditional and crypto markets, any time and any where! New questions are frequently loaded into the app, answer as many as you wish.
The Cindicator App makes it easy to filter questions between past and future and between crypto and traditional markets. The questions themselves can be binary where there is a sliding percentage scale to indicate the probability of an event happening. For example, what is the probability of a particular cryptocurrency increasing by 10% over the next ten days.
Questions can also be price related; these require a more specific forecast by entering a price range for a commodity or cryptocurrency within a specific time span. For example, what will be the minimum and maximum price of Gold Futures during the following day. Conditional based questions are also offered.
Every month you have a good chance to be rewarded for your insights by receiving Ethereum directly into your Cindicator wallet. Withdrawals are permitted once you have reached a balance of just 0.01 ETH.
Making regular predictions in Cindicator has prompted me to research and learn about new and exciting projects in the crypto space. Indeed, during my time as a Cindicator analyst I have found that the more predictions I make, the more market knowledge and experience I gain.
Our wonderful internet has enabled us to access a wealth of information and entertainment. It’s an infinite resource of data. But how much choice and information do we need?
Do you sometimes feel a subtle excitement and eagerness just before you switch on your smart phone or power on your laptop? Who has e-mailed me? Who has said what on Twitter? What’s the latest bad news stories from around the world?
At first, feasting our mind on all of these nuggets of information is very satisfying and stimulating. However, after a while we get a bit restless and bored. What started off being a satisfying experience soon turns into an unsatisfying one.
Nearly every aspect of our lives has been transformed into an infinite digital universe.
Music
Before the internet, we were limited to how much music we could listen to by the size of our record collection. Everyone now has access to, at the touch of their fingertips, nearly every piece of music ever recorded in the history of the world. Where do you start?
Gambling
Thousands of online gambling websites exist and it’s oh so easy to get in. We are open 24 hours a day, 365 days a year, come on in and win some money! Twenty years ago we would have needed to travel to a casino or a bookmaker in order to gamble.
Pornography
This is the biggest fix on the internet and potentially the most toxic and damaging one. In comparison, a pornographic magazine has a beginning and an end.
News
We can read hundreds of articles on the same event or story. Whatever you are interested in, it’s there. Subjects you didn’t think you were interested in, well you are now! Each of us has a virtual library of a billion books!
Crypto Currencies
Many people have heard of Bitcoin but are stunned when they find out there are 1500 other digital currencies in existence. If one then becomes interested and involved in the crypto space, it soon becomes completely overwhelming and potentially addictive. I honestly didn’t intend to be a forex trader!
Charities and petitions
Many people are passionate about causes that matter to them. You start receiving e-mails from a couple of organisations but over the course of a few months you wonder how it is that you are now receiving five new petitions a day and updates from twenty organisations every week!
In contrast to being passive or reactive on the internet, we should also be proactive. Create something; music, photography, a story. When something authentic is created to the best of our ability, it is more rewarding and meaningful for us. If we receive positive feedback or even earn money from it, even better!
We must balance how much time we spend online with contrasting activities. I think switching off our phones for a few hours, an afternoon or even a whole day is extremely beneficial. Balance is key; we must strive for balance in our lives which ultimately derives from a balanced mind.
The infinite nature of the internet presents a huge challenge to our mental health. It has the potential to draw us into areas that fixate us. Many people are vulnerable to addictive tendencies and the internet acts as a catalyst for addictions to manifest.
Are the negative side effects that the infinite internet creates, one of the challenges humanity must overcome in order for us to be more consciously aware?
One thing is for certain, the internet is rewiring our brains.
Many of us have read the news reports about high levels of inequality in the world today and many have experienced the adverse effects of unfettered globalisation. Economic analysis clearly shows that since the financial crisis of 2008/09, the major fiat currencies of the world have been manipulated and devalued because of central bank interference.
When fiat currency is spent locally, much of it’s value disappears from the community and into the hands of multinational corporations.
In response to this centralised manipulation, a few paper based local currencies have been born. Whilst some of these have had a moderate uptake, their use is limited by a lack of community awareness, small scale business adoption and the fact that they remain outside of the digital domain.
Cryptocurrencies are, by their nature digital and decentralised (peer to peer). They are free from manipulation by centralised authorities. What if there was a platform that allowed decentralised trading of cryptocurrencies and smart tokens without having to rely on a counter party for liquidity? What if this platform also allowed communities to easily create their own digital currencies and smart tokens by simply using a chat bot?
Such a platform exists and it is called the Bancor Network. Once registered on the Bancor Network one has access to a unique decentralised trading environment. The growing range of smart tokens on the Bancor Network are fully liquid for each other due to the Bancor Network Token (BNT). What this means is that the availability of a smart token for trading is not dependent on other parties selling the same quantity of the smart token.
The number of potential use cases for community currencies that will be created on the Bancor Network is huge. Bancor can revolutionise the way money is created and how it is used and therefore change the world economy for the better.
