Posts by Pace Ellsworth

Filing an Uphold 1099-K

Did you get a scary 1099-K from Uphold? Maybe it showed that you have “Gross Transactions” of 20 to 200 times your Uphold account balance? A 1099-K is usually just for a merchant’s credit card sales, but the IRS won a court case against Coinbase, forcing Coinbase, Gemini, and Uphold to report gains for some of their…

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BCH, BTG, & BAT Join Heleum!

We’re excited to announce that we have now added Bitcoin Cash (BCH), Bitcoin Gold (BTG), and Basic Attention Token (BAT) to the values Heleum is automatically converting. These join BTC, LTC, ETH, & DASH as the volatile currencies we support. Adding new Uphold currencies to the Heleum algorithm isn’t just flipping a switch.We make sure…

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Improved Gains – Version 1.6

Today we activated the first of a dozen major code upgrades to Heleum which will make Heleum gains higher and more predictable. Here’s how today’s change works: If a balloon is about to move to a national currency (it has reached a profit goal to move into one), it will pop instead if: – The…

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How Heleum V1 Works

Under the current Heleum version 1, here’s how balloons let your money move: Short Version ————– – The Heleum balloon launches from base currency into a cryptocurrency. – It waits for the first goal reached to sell high by buying another currency low. – It does this again and again until it can buy the…

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Christmas Presents

In this season of crypto mania, all-time highs and excruciating crashes, we’re happy to announce a few huge milestones. Less than 2 months after our Nov. 1st launch, we have now reached: over 2,000 awesome users, and… over $2,000,000 in invested balances! over $200,000 in popped balloon gains; an average user return of over 10%…

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Let’s Talk Privacy

Let’s talk about privacy. We take it seriously.   We enjoy being a partner app. If we stay as just a partner app and never start a full brokerage service like Coinbase or Uphold, then: – Heleum will never see your password – Heleum will never see your bank account info – Heleum will never…

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Heleum vs Hodl

We’re overjoyed to announce: The completion of our Heleum web app on November 1st Our official partnership with Uphold We now have over 1,200 users with $750,000 in total balances. These milestones were well worth the two years of bootstrapping, saving and sacrificing.   But we have something even more surprising to announce: With our…

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Beta Halfway

It’s been over three months since our Private Beta officially started on February 22nd. Since then, there have been over 150 people that have joined the Beta, depositing over $250,000 in all. Those deposits have catalyzed gains of over $80,000, allowing us to continue developing the Heleum app. Now it’s time for us to grow…

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Antifragile

Guest post contributed by Heleum user Morgan Aldous   Antifragile. It’s a term famously coined by Lebanese-American polymath Nassim Taleb. In his decades of work studying statistics, probability, and complex systems, Taleb realized that there are three possible reactions to the inevitable stress and chaos of the world: either the system will break because it…

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Why us? Why now?

  A friend of Heleum recently asked some pointed questions that she got from skeptical people. We hear questions like these a lot. It’s the nature of progress to encounter resistance. I’ll post them here with my general response. The answers are just a bit lengthy for our FAQ page. 🙂 Q: Why should I trust…

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