On Yavin - Cointelligence - Ethereum London #ethldn

I'm the founder and CEO of Co intelligence Co intelligence is a research and analysis company that focuses on the crypto economy we have done due diligence for ICS STL's coins and exchanges I will tell you in a few words about myself I am considered to be a serial entrepreneur I started my business career 20 years ago I'm an X gamer I've been an angel investor for almost 10 years currently I'm investing only in Co intelligence and it doesn't say so but also Bitcoin and aetherium obviously I've been an advisor to several startups of being a mentor mainly in Israel I'm originally from Israel I relocated here two and a half years ago and because I have real hands-on experience with regards to many of the things that I will show you I am allowing myself to criticize the industry to eat to criticize the community and so on and the last point is that I'm not selling anything I am probably one of the few out there that is not selling anything I don't care what coin you like I don't care what project you're in I am NOT shilling anything and obviously I would like Co intelligence to get as much traffic as possible but I don't need to sell here because I got the marketing skills to do it online so you can be sure that everything I tell you is coming from the bottom of my heart before I tell you about all the bad and nasty things that we discovered I will tell you that I think that blockchain and crypto is the biggest revolution that mankind ever had until today I was involved in a lot of different technologies over the years very well aware of a lot of advancements I don't think that anything comes close to block chain or crypto or both and obviously it's because it's going to influence many of the other industries as well if it's the old world industries or the new ones so obviously everyone here I'm guessing knows why due diligence is so important and what happened with the ICO boom that was mentioned before this is the first example that I will show you how much due diligence is really needed even more than what you think so this is an example of excerpt ICO when we started doing ratings for icos we were shocked from what we discovered on other rating websites so as you can see here they got a three point four out of five on this website ICO holder which is pretty well known in the industry they got a four out of five Fox ICO seven out of ten on this website eight point two out of ten and guess what zero on point elegance for everything you know why it's a scam it's a fake team a fake project how come they got these ratings on the rating websites my guess is they just paid or the rating websites don't care and they don't check the initiative q one of the biggest projects that I've seen for many many years they got nothing they developed nothing correction they published their application for specific country about a few weeks ago and the application is something that I would maybe let my junior developer to develop they didn't do anything they didn't gain anything but the most important part is that they're claiming to be worth two trillion US dollars amazing now don't believe what I'm saying just take the word of Oddi VAR timer which is a great blockchain developer in my opinion and he said that not me I'm just backing him up and that's an email that I got in about two months ago explaining why I should join initiative Q this is like the biggest MLM that I've seen these scammers will be around all the time these people will do everything that they can in order to use blockchain and crypto in order to scam the public and the list goes on and on to celebrities endorsing scams this guy was a hero for me when I was a teenager watching his action movies he endorsed the scam obviously doesn't understand anything about blockchain and crypto and obviously he did what his manager was telling him to do when we approached ICO and sto advisers these are the kind of answers that we get hello I am NOT core team member and did not learn about past experience of the CTO by the way the CTO of this specific company doesn't have any experience with blockchain only God knows how he's going to run a blockchain company and that's another answer that we got which is very similar to the previous one now today I won't have time to go over the slides that describe the rating and what we are doing for the rating but you can get an overall view from this slide data integrity vision team identification product legal entity social engagement and marketing I will skip this one I'll just mention on this slide that we found a huge correlation between duplicated content and scams and it doesn't always mean that the scam is a full scam of a fake team or a fake company it's even if they copy/paste a few pages from another white paper I'll skip this crypto currency exchanges so we launched our crypto currency exchanges list and rating system about two months ago what I have to tell you is the following first I'm sure that all of you or most of you know coin market cup and some of the other websites that have the listing and so on it's all one big it's all fake it's all wrong and it's all misleading all of us and the public when you look at the exchanges list on coin market cup and don't get me wrong I have a lot of respect for coin market cup for the time that they've been into this industry but unfortunately they have to wake up and make significant changes because they're misleading the public if you go to the top 10 or top 20 exchanges on their list and believe me every exchange wants to be on that top list because they get so much revenue if they get on that list it's all based on fake trading volume and I can go on on and give you all the other websites with the lists but it doesn't matter that this is the point and we decided at quaint elegance to actually have the list organized by rating that we do due diligence that we do for each and every exchange and you can see this is an example of the top exchanges on the list some of them by the way are very well known some of them are not this is an example of an exchange that I recommend to stay away obviously they got a 1 out of 10 this is an exchange that I highly highly recommend because of the score that they got now I have to say something again I don't profit from having these exchanges on my presentation I don't have any business con action to them this is the summary we rated until now 85 exchanges only ten exchanges received a score of 7 out of 10 or more only 10 exchanges and I guess that even if I'll have double the rating the number for the exchanges that will get a high score will not be so higher 16 exchanges received a score between 5 and 7 the rest 57 exchanges are rated below 5 which is simply showing the insanely low quality of exchanges in the market which obviously leads to the conclusion that we need decentralized exchanges I'm not saying only I think there's a place for both even though I'm sure that Vitalik would be very upset at me for saying that we need decentralized and centralized but we need a decentralized as soon as possible we've witnessed one major red flag with the exchanges most of them will not disclose their team members which goes all against crypto if you put privacy coins aside for example for a second but for me it goes against crypto and I don't think that anyone should put their money in an account for it on an exchange that doesn't want to disclose the team this is a great example of one exchange and it's not the only one that replied to us when we asked for the second time ok who's the team a great team that's the response that we got amazing a great team now the last topic that I would like to cover very shortly is the what I mentioned before some of the people in the industry are saying that we have a shift a change from i ciose to stos i don't think that's right we don't have a change from i ciose to stos i SEOs are gone for now only for now in my opinion they will come back big time but it will take some time meanwhile we have the stos that are growing now and the infrastructure is growing and the summary that I would say is that they're not replacing I SEOs obviously the wild wild west is over because with security tokens you cannot do the shady and monkey business that you did with I SEOs regulation will rule estions which means that everything with regards to Sto is going to be very much based on regulation in each country I don't know if all of you are aware of the fact that the huge difference between icos and stos is the globalization part with stos you cannot just do an sto to everyone in the world you have to do it for each country according to securities laws and that's the biggest difference in my opinion I do think that there is a place for stos personally I prefer I SEOs much more but I think it's a good way the problem that I have with stos is that right now it's mainly meant for accredited investor now I don't have any personal agenda with this because I am an accredited investor but I do see this is a huge issue for many of the team of the crypto community members and I do think and hope that the regulator's will understand that they need to adjust securities laws to be compliant with the advanced advancement of the technology liquidity now does not exist but it's coming as an example just yesterday or two days ago gbx announced that they are listing tokenized securities we already got a few other exchanges that are doing that and the last part of my presentation is this the beauty of the combination in my opinion between stos and smart contracts which is obviously very relevant for ethereum is that we have an opportunity to have the ERC 20 toque de Arce sorry not 20 the ERC tokens standard with regard to security tokens and that's amazing in my opinion because one of the biggest problems that we had with the infrastructure for stos is the legal implications and what happens if you get money from an investor that is in a country that you cannot take the money from him or her so we need the smart contract to protect the founders to protect the company and in case that the first kyc AML procedure didn't work well so for the second time it should be based on the smart contract and the smart contract should know what to do in case that there's a failure and obviously there's other types of ERC tokens that has been created and I'm sure that there will be many more created that's basically it and thank you for having me and thank you for listening and if you have any questions I'm gonna stay here for a while thank you [Applause]