I’m big believer in blockchain technology and how it can change (it is already changing) the world. From time to time I’m publishing an article about crypto, tokens, ICO and it is essentially important that I clear a few things before we begin…
Please treat this intro as an obligatory disclaimer. I’m not your doctor, lawyer, lover, accountant, financial advisor. Don’t sue me just because I post on the site — I treat you as an intelligent entity, if you found this website you are easily quality as top 10% smartest people on the internet.
Handy links to Helbiz:
- Website: https://www.helbiz.com/
- Whitepaper: https://drive.google.com/file/d/1UudcsnOrVwe0DeG4p7k7R3m4l28bAzQ0/view
- Thread: https://bitcointalk.org/index.php?topic=2851691.0
- Bounty: https://bitcointalk.org/index.php?topic=2853690.0
Be careful when investing in crypto
There is no such thing as free money.
I cannot recommend highly enough this list: https://chrisdunn.com/50-crypto-trading-investing-lessons/
Chris Dunn drops nuggets of knowledge, it’s seriously good stuff. Some of my favourite picks:
- The best way to day trade cryptocurrencies is — DON’T!
- You WILL make every mistake in the book. Don’t beat yourself up when you make mistakes, just learn and try not to make the same mistake twice.
I totally admit I made most of the mistakes on the list. Now I’m a little bit wiser and the more I know the more cautious and sceptical I become…
Manage your private keys
Be careful how you keep your private keys and backups. Hardware wallets (and paper backup 12 or 24 words) are most recommended.
Quite seriously — you don’t want every program on your computer to have access to your private keys. Keeping private keys on a separate device is by far the best protection against a hack. Private keys never leave the device, they are used to sign the transaction that is then broadcasted to the network.
Markets are…
Markets can remain irrational a lot longer than you and I can remain solvent. — so you think printing Tether is a scam and crypto bubble will pop?
Ride the wave, trend is your friend.
Personally I don’t have energy for day trading, I just buy and hodl, or earn (directly in crypto) and hodl.
Sure fire research questions
DYOR — do your own research, ask difficult questions. I wish everyone investing was asking these:
How much tokens issued pre-pre-pre-ICO for strategic investors, what is their discount, what is their lock-in period?
Check Bloomberg, Reuters, Fortune logos on the website — anyone can include an image, not everyone can get press coverage
Check with advisors and partners — are they really committed to the project, did they update their LinkedIn?
DYOR — do your own research, it will save you a lot of stress. To have faith and confidence, to know that you did the work is a great feeling.
Helbiz is revolutionizing the private car sharing market, making the rental process instantaneous. No communication is needed, upon confirmation the renters phone is turned into the key to both the car and ignition, and we offer full insurance keeping both parties secure at all times.
Just like Uber and AirBnb allows people to earn extra income, allowing to rent your vehicle is natural step in the evolution.
Sharing economy
It’s the general trend.
It’s what is happening now around the planet.
Why own if you can share.
User reputation systems and digital currency payments
That makes sense. That’s the benefit of the blockchain. My typical concern with rating systems is that tendency is to rate higher in the fear of retaliation.
I’m naughty guy, I don’t care, I would be incentivised to keep the vehicle in order by penalty payments.
Smartphone will remote key access
Does it mean that only modern cars will be supported? Maybe they offer some built-in box to the vehicle so that Ford from 2005 is also supported.
Marketplaces
Marketplaces require both sides of the market
I’m always mindful when comes to marketplaces. Here it is fairly easy — buyers will mostly choose the lowest price. It is fairly easy to convince them by showing $$$ savings.
For the car owners — in the US owning a car is part of identity, I’m not sure if people will be willing to rent their cars.
I would also look for centralised marketplaces — they offer customer service and dispute resolution.
Security concerns
I believe people are good by definition.
There might be some bad guys willing to explain the platform. How about fake identity and simply stealing the car? Nope, it’s not really practical — making money the legal way is far easier.
Proof-of-concept
I’m always looking for a demonstration of the product. Anyone can create the white paper, it’s much more difficult to actually develop the usable product.
Summary
It’s an interesting concept.
I am concerned about the integration with the “old world”.
Negotiating with insurance providers — these guys are in business for decades, I don’t expect smart contract integration right off the bat.
There might be some regulatory challenges too, but the power of the people will prevail.
Handy links once again:
- Website: https://www.helbiz.com/
- Whitepaper: https://drive.google.com/file/d/1UudcsnOrVwe0DeG4p7k7R3m4l28bAzQ0/view
- Thread: https://bitcointalk.org/index.php?topic=2851691.0
- Bounty: https://bitcointalk.org/index.php?topic=2853690.0
Thank you for reading
My ERC20 token wallet: `0x85A363699C6864248a6FfCA66e4a1A5cCf9f5567
I’m stefek99 on BitcoinTalk — https://bitcointalk.org/index.php?action=profile;u=194164 — as well as other social media platforms.
Always appreciating comments, always appreciating feedback. Blockchain is revolutionary technology and I’m so privileged to cocreate the ecosystem.