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TRANSCRIPT:
0:00:07.220,0:00:13.559
hi guys
so my name's Reed and this is actually
0:00:13.559,0:00:20.250
my first youtube video ever or my first
vlog of any kind ever so basically I
0:00:20.250,0:00:25.080
just want to give an introduction to you so that you
know what my channel is for. At some point
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I'll do you know a real introduction
video but you know I just wanna get it
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started. I think it's, you know, this is
something I need to start off with so
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a little about my background, I amm actually
a medical researcher, I work with
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inflammatory bowel disease by day but
over the last year and a half or so I've
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really gone into cryptocurrencies
blockchain Bitcoin and I've really you
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know the more I've learned about the
more passion of them but you know I
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really at this point I'd say I'm pretty
much obsessed addicted you know to this
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space and so I learned as much as I
could I'm I took a course on Coursera
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and I will post a link to there's a
number of educational resources I
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recommend for people new to this as you
might be if you're you know watching
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this video now so you know basically I
learned them as much as I could and
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after a while I started writing writing
reviews and creating some content and
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eventually actually approached to
start doing reviews of initial coin
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offerings for the secretary so Nico is
basically it's like an IPO but you know
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for companies in the blockchain world
and they've really oversaturated
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now there's you know hundreds of ICOs
every month now. there's a lot of scams
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out there and so it's become more
important than ever to be really
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quantitative in looking at ICOs.
0:02:09.929,0:02:12.989
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its really becoming
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popular now to look at what are
called 'token metrics', and you can follow
0:02:25.560,0:02:32.819
a guy named Ian ballina. Ian
and b-a-l-l-i-n-a. He really popularized
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looking at these token metrics. I'm gonna
get into that a bit later. So fast forward
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a little bit more I actually got asked
to be an advisor to this company and so
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they're called 'Dentacoin' and they're
basically trying to revolutionize the
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dental industry but you know my
knowledge combined with the fact that I
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have a background in healthcare was I think what
made them think that I would be a good
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advisor and so basically they're you
know this is a company that's trying to
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be you know they're trying to
revolutionize the dental industry
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globally right and so I'm basically -
that's me there - and then I'm
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their Canadian advisor as they try to
navigate health care systems and all
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these different countries and get
their token and platform adopted by different dental
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clinics. I won't go on too much
about that. This is my Twitter so you
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can give me a follow if you're
interested I've actually set it up so I
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I do tweet in here sometimes but a lot
of this content is just automated and so
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it's coming from different news sources
that have chosen and I actually use my
0:03:54.030,0:03:59.430
Twitter for news. I go onto it and look at
my own feed just to basically use
0:03:59.430,0:04:02.180
it as a source. There are many other sources
I will discuss in a later video
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so the other thing about my
my background - I'm actually starting
0:04:11.389,0:04:16.220
a master's in health informatics
starting January so I'm going back to
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school at the University of Alberta and
so a lot of the things that I put in
0:04:22.039,0:04:30.199
motion now is formation of a focus on
cryptocurrency and blockchain and so
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we're gonna call it the Crypto Club. We
have the constiution written
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and a number of interested members. I
mean this group I see one going
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in a lot of directions I see it almost
being like an umbrella group I think
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there's there's a lot of watching itself
really encompasses a lot of of industry
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ICO investing and trading is just one aspect and
that's part of what I'll focus on but
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there's also the actual you know under
the hood computer code and programming
0:05:05.840,0:05:12.310
behind you know building a blockchain
building a cryptocurrency you know this
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those accounting there's tax and tax
implications that people are doing
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research on me now and you know there's
there's kind of political political
0:05:26.599,0:05:31.159
aspects of it - I mean bitcoin
really comes out of almost a libertarian
0:05:31.159,0:05:38.930
movement to decentralize money right so
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governments, banks, central banks
have caused a lot of issues and that's..
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I mean if you look at what a fractional
reserve is a fractional reserve it's the
0:05:54.380,0:05:59.300
model that banks central banks and all
banks use and it's you know the only
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difference between fractional reserve and
a Ponzi scheme is that the bank can
0:06:04.219,0:06:09.889
actually just print
more money to bail itself out. But that
0:06:09.889,0:06:16.840
causes inflation so that's one of the
problems with fiat currency which is
0:06:17.789,0:06:24.699
so anyway I'm digressing here a little
bit, but basically we're gonna form this
0:06:24.699,0:06:29.430
group and you know the focus of the
group is going to be education and
0:06:29.430,0:06:34.360
collaborative learning so we're all
going to be learning about the crypto space as much
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as anyone else who's interested in it
and so we're gonna have different kind
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of branches so there's gonna be an
investment branch that actuall investes
0:06:45.699,0:06:50.380
the groups funds and try and grow
those. Those will obviously always be
0:06:50.380,0:06:54.250
used to benefit the group and as we're
doing that there's going to be a
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research branch so the research branch's
do quantitative and qualitative research
0:06:58.740,0:07:03.810
on cryptocurrencies, initial phone offerings
and that's you they're gonna..
0:07:03.810,0:07:07.690
there's gonna be meetups from those to
present their research and to
0:07:07.690,0:07:11.860
educate everyone else in the group and
so there could be other branches too.
0:07:11.860,0:07:16.330
it's still early early days but there
can be an accounting branch you know if
0:07:16.330,0:07:23.259
there's some people that are into
accounting they can be looking at tax
0:07:23.259,0:07:28.750
implications for bitcoin particularly in
Canada where we're based and that they
0:07:28.750,0:07:32.320
can be educating the rest of us about
that. We have a number of people who
0:07:32.320,0:07:36.940
are in the Faculty of computer science
and so they're probably going to be
0:07:36.940,0:07:42.400
going to actually produce you know
looking at the code behind blockchains
0:07:42.400,0:07:49.900
and actually producing and
producing products and applications.
0:07:49.900,0:07:54.039
Some of that will be through the group some of
it might not but ultimately they'll
0:07:54.039,0:08:00.159
there's a lot we can learn from them as
well and so I'll just go through really
0:08:00.159,0:08:08.289
quick some of the ideas already so for
example just as a fun project maybe we
0:08:08.289,0:08:16.360
could fork a cryptocurrency and make you
know a university token right and that
0:08:16.360,0:08:19.419
the purpose wouldn;t be to make
money obviously. we'd probably just do an
0:08:19.419,0:08:24.520
airdrop for all of it,
you know, to people who have a campus email
0:08:24.520,0:08:29.780
but it would be a fun project
to get people interested right
0:08:29.780,0:08:35.510
0:08:35.510,0:08:40.930
you know I mean trading BOTS for one
that can analyz Twitter
0:08:40.930,0:08:45.260
sentiment. Also looking at maybe building an
ATM
0:08:45.260,0:08:53.180
so there's actually at catm.io -
open source code for a
0:08:53.180,0:08:58.340
Bitcoin ATM and and they list all the
parts you can actually in Amazon we have
0:08:58.340,0:09:03.140
a 3d printer at school as well so that
that could be kind of just a fun project
0:09:03.140,0:09:09.050
one thing I really want to do is
0:09:09.050,0:09:14.330
actually so if you do go and look at Ian
Balinas site, so he uses token metrics right
0:09:14.330,0:09:17.990
and he has kind of these formulas built
into this spreadsheet that assign
0:09:17.990,0:09:26.330
different values to different
fundamental aspects of a token sale and
0:09:26.330,0:09:32.630
that could be things like the percent of
the total tokens being sold, the market cap
0:09:32.630,0:09:37.730
of the token sale, etc. so that's you know the
value of the tokens and how many being
0:09:37.730,0:09:43.040
sold you can determine how much how much
actual money is being raised or intended
0:09:43.040,0:09:50.690
to be raised and you can look at things
like: do they have a prototype? and a
0:09:50.690,0:09:57.080
variety of other factors. So he doesn't
you know.. if you looked the spreadsheet I
0:09:57.080,0:10:02.150
think what he's doing is good he's been
very successful with it but I think we
0:10:02.150,0:10:06.260
should go a step further and actually
create a predictive model using machine
0:10:06.260,0:10:12.100
learning, use something like Azure
machine learning
0:10:12.100,0:10:16.370
Google has the one that's actually open
source and so I'll have to consult with
0:10:16.370,0:10:20.900
computer science people in our group for
this. I've already been compiling actual
0:10:20.900,0:10:26.540
data on this and so what we need to do
is basically get a whole bunch of data
0:10:26.540,0:10:33.110
on a bunch of ICOs. I've actually put
in so CryptoRated.com, they have a
0:10:33.110,0:10:36.830
scorecard and so it's kind of an
objective measure you're you're looking
0:10:36.830,0:10:43.399
at the white paper
so the critiia for the token sale
0:10:43.399,0:10:48.810
cryptocurrency and you're evaluating on
different measures - do they have a
0:10:48.810,0:10:52.200
good team? do they have lots of
experience in blockchain? how's their
0:10:52.200,0:10:56.760
business model?
do the token sale metrics look good?
0:10:56.760,0:11:04.079
like you can you can usually tell if if
the people running a token still know
0:11:04.079,0:11:07.769
what they're doing just based on how
it's structured. if they offer really
0:11:07.769,0:11:13.589
large volume bonuses, that's not really
in the spirit of crypto right. Its
0:11:13.589,0:11:18.930
more about decentralization, not giving all
the tokens away to two or three rich whales/
0:11:18.930,0:11:27.149
people right so anyway - I'm
comparing a whole bunch of data so these
0:11:27.149,0:11:32.360
are things I mentioned like percent
total supply total number of tokens
0:11:32.360,0:11:36.720
number of tokens being sold in the ICO ----
so if there's if they're not selling
0:11:36.720,0:11:39.720
very many tokens in the ICO , they're
keeping a whole bunch for themselves
0:11:39.720,0:11:45.709
that's another bad sign. Number of
Twitter followers, things like that
0:11:45.709,0:11:55.190
and then so then after the sale is over
we'll plot the return on investments and
0:11:55.190,0:12:00.029
you can put all this data into some of
these machine learning softwares
0:12:00.029,0:12:05.190
pump out a predictive model
right and obviously it's gonna require a
0:12:05.190,0:12:11.070
lot of tweaking but I think something
this could really be a great tool we use
0:12:11.070,0:12:16.260
going forward for investing in ICOs-
it's both for our group and for anyone
0:12:16.260,0:12:22.500
else so I'm kind of going a lot of
different directions here but basically
0:12:22.500,0:12:28.709
the purpose of this channel I just keep
you guys updated on on all these things
0:12:28.709,0:12:32.910
that I just mentioned right so it's
gonna be my own content if I'm doing an
0:12:32.910,0:12:40.949
ICO review or perhaps my personal
commentary on the crypto space and then also on
0:12:40.949,0:12:48.630
our student group right, so any time our group
has any meetups anything of interest you
0:12:48.630,0:12:52.310
know it's gonna be posted a lot of
probably YouTube channel for the
0:12:52.310,0:12:59.370
they'll be posted on this our groups
website here but you also make make
0:12:59.370,0:13:05.700
videos in my own twist on things imposed
on my own channel and so I'll be
0:13:05.700,0:13:10.680
interested feel free to give me a follow
and all the other channels that I'll be
0:13:10.680,0:13:18.240
distributing to as well are in the description
link in this video alright thanks for
0:13:18.240,0:13:20.690
tuning in
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