Title: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 10, 2020, 02:14:17 AM I propose to consider a platform project in which I used the principle of preserving any financial assets through the ETHEREUM cryptocurrency or similar, in which a smart contract can be used. The platform allows all ETHEREUM holders, when connected to it, not only to save their assets, but also to multiply them. There is nothing new in my project, everything I offer has already been partially used by someone in their projects before. For example, the developers of the BAEX token use a smart contract with parameters similar to my idea, which I published back in 2019. They tied their project to the existing fiat financial system of Decentralized Finance (DeFi), which is based on a monetary system focused on “Stable Coins”, which has an administrative management based on the value of the dollar exchange rate, and which is subject to the risks of losing financial assets with large and sharp volatility of ETH.
I took into account all these fundamental mistakes in my project. The cryptobank, created on the basis of a smart contract, converts ethereum financial assets into liquid tokens that cannot be devalued under any circumstances. Each of their owners paid certain funds for refractory gold tokens-bonds of the cryptobank, so they have their own value, the same as bitcoin, unlike it, this price cannot be less than the cost of acquisition and it is impossible to create them in any other way. http://prosh.info/smart_eng.files/image004.jpg Imagine a bank where you place your financial assets in the form of an ETH deposit not to the general bank account, but to your cell. The bank, accepting your deposit, issues token-bonds. Your ETH is stored in your safe deposit box at the bank and counts towards the overall balance of the "authorized capital" of the crypto bank. http://prosh.info/smart_eng.html Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: jossiel on August 10, 2020, 02:54:19 AM Investors or lenders don't fear the volatility. What they fear most is the security of the platform where they have invested their money.
Someone who invests in defi or lending platform understands the volatility of cryptocurrencies as from the beginning it has always been. But whether there will be a help or none from any other projects, Ethereum won't surpass bitcoin. It will remain as the number one crypto. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 10, 2020, 04:29:44 AM Investors or lenders don't fear the volatility. What they fear most is the security of the platform where they have invested their money. You are right financial security is the main factor that I first of all considered in the project. You don’t send your financial asset (Ethereum) to anyone in the project, but keep it at your address in a smart contract, thus you don’t fear that someone can steal it or nullify the equivalent of your financial asset, you can mortgage and receive its full value or sell, and your asset will remain locked in a smart contract at your address.Someone who invests in defi or lending platform understands the volatility of cryptocurrencies as from the beginning it has always been. But whether there will be a help or none from any other projects, Ethereum won't surpass bitcoin. It will remain as the number one crypto. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Argoo on August 10, 2020, 05:15:51 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. What does cryptocurrency lending have to do with its ability to bypass the price dominance of bitcoin, including how ethereum can become the number one cryptocurrency?Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) In my opinion, the dominance of bitcoin will disappear only if the level of its capitalization drops significantly and approaches the level of capitalization of other cryptocurrencies. Perhaps this will happen someday. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: setifien19 on August 10, 2020, 10:56:51 AM I think that for a coin to be number one, there is a huge work to do, for exemple : solving problems that "first coins" didn't (which is not appropriate in the case of Ethereum because of its blockchain congestion that happens from time to time)
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: bigcash2011 on August 10, 2020, 11:25:14 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. Ethereum and its development depends totally on ethereum developers and i think they will be enough to make ethereum the best as ethereum has the largest number of developers working on it. As far as other projects are concerned it is great to know that so many projects are working under or developing under ethereum ecosystem this will definitely help in more ethereum adoption over the years.Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: fuer44 on August 10, 2020, 11:26:34 AM investment borrowing? how is it going?
For example: I borrow crypto for investment, where I do not issue any money or collateral, and when the price of the investment that I enter or borrow continues to decline, won't the project owner actually lose with that? it may be profitable for the borrower, but detrimental to the owner of the loan project. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Iyeman on August 10, 2020, 11:31:54 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. What does cryptocurrency lending have to do with its ability to bypass the price dominance of bitcoin, including how ethereum can become the number one cryptocurrency?Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) In my opinion, the dominance of bitcoin will disappear only if the level of its capitalization drops significantly and approaches the level of capitalization of other cryptocurrencies. Perhaps this will happen someday. I think is if everyone aware about nexo. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Jating on August 10, 2020, 12:04:22 PM ^^ tldr;
I guess it's better for you to tell us what challenges ETH, because as far as we know, ETH is still the umber one altcoin even though it has been put to the test many times with many competitions coming along the way. And it's really hard not to correlate any crypto to bitcoin, after all, trading pairs are based on it. And for the volatility, it's part of the market and it is going to be difficult to minimise it. That's why investors know that there is risk. Then we have the Defi now, locking your funds. And we have the ETH staking in which investors are going to profit by participation alone. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Cocoincos on August 10, 2020, 12:40:23 PM I think that ETH need to improve as second currency in some county like Russia and than it really start to be the number one! we will see, I believe that such project could be!
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: jossiel on August 11, 2020, 10:15:50 AM Investors or lenders don't fear the volatility. What they fear most is the security of the platform where they have invested their money. You are right financial security is the main factor that I first of all considered in the project. You don’t send your financial asset (Ethereum) to anyone in the project, but keep it at your address in a smart contract, thus you don’t fear that someone can steal it or nullify the equivalent of your financial asset, you can mortgage and receive its full value or sell, and your asset will remain locked in a smart contract at your address.Someone who invests in defi or lending platform understands the volatility of cryptocurrencies as from the beginning it has always been. But whether there will be a help or none from any other projects, Ethereum won't surpass bitcoin. It will remain as the number one crypto. What people who don't have enough knowledge about security is that they won't be fearful of the potential hacking of the platform where they have deposited their Ethereum or any crypto assets that it requires for you to be invested to their DeFi. To me, it's the most important factor, security. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: jossiel on August 11, 2020, 11:00:19 AM It's about the platform itself. The Ethereum chain is there and will always be there if your token was made on their network. Dear what do you mean by the term (their platform)? In my project, I took this into account. My project is stand alone and not as unrelated to (their platform) if you mean the DeFi platform. ETH in the depository cannot be stolen from the addresses of the owners connected to the smart contract, since it is blocked. You can return (unlock) your assets at any time by sending ETH-WORLD tokens to the deposit addresses in the smart contract.What people who don't have enough knowledge about security is that they won't be fearful of the potential hacking of the platform where they have deposited their Ethereum or any crypto assets that it requires for you to be invested to their DeFi. To me, it's the most important factor, security. About the deposits and contracts, I'm addressing the security which means that how most of the projects are keeping themselves strong in terms of security. I'm only saying that from an investor's perspective, we don't usually go with the deeper knowledge about security but just want to avoid those hackings just like what happened with DeFi platforms that has been reported to be hacked. I wish your project all the best. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 11, 2020, 11:37:20 AM It's about the platform itself. The Ethereum chain is there and will always be there if your token was made on their network. Dear what do you mean by the term (their platform)? In my project, I took this into account. My project is stand alone and not as unrelated to (their platform) if you mean the DeFi platform. ETH in the depository cannot be stolen from the addresses of the owners connected to the smart contract, since it is blocked. You can return (unlock) your assets at any time by sending ETH-WORLD tokens to the deposit addresses in the smart contract.What people who don't have enough knowledge about security is that they won't be fearful of the potential hacking of the platform where they have deposited their Ethereum or any crypto assets that it requires for you to be invested to their DeFi. To me, it's the most important factor, security. About the deposits and contracts, I'm addressing the security which means that how most of the projects are keeping themselves strong in terms of security. I'm only saying that from an investor's perspective, we don't usually go with the deeper knowledge about security but just want to avoid those hackings just like what happened with DeFi platforms that has been reported to be hacked. I wish your project all the best. A side view is very important to me. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: xZork on August 11, 2020, 12:33:22 PM Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it.
Besides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin. So I think a project of a coin that is not volatile, and that could make ETH number one is not viable. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: nutriagrigia on August 11, 2020, 01:01:33 PM Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it. too high volatility in the cryptocurrency market is also not very good. few people can correctly take advantage of this volatility. in most cases, people lose their moneyBesides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin. So I think a project of a coin that is not volatile, and that could make ETH number one is not viable. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: hrunya102 on August 11, 2020, 01:04:24 PM Low transaction fees, that's what can help Ethereum become number one, I'm already afraid to use it.
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: 10BTCaDay on August 11, 2020, 02:59:34 PM Low transaction fees, that's what can help Ethereum become number one, I'm already afraid to use it. this can only happen with the successful launch of ETH 2.0 but there is no guarantee that the project team will actually be able to implement what they are talking aboutTitle: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Rengga Jati on August 11, 2020, 05:05:06 PM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. I have no idea to make it realized. BTC will be always number one in cryptocurrency. And ETH is the number one of altcoins. that is what I think. I am also still confused about the meaning of "controlled volatility". Does it mean that the crypto will not be volatile again or it will be controllable? Well, I don't think it may work well in the crypto world. Because one of the main characters of crypto is about its volatility. If it is about the controlled rate or volatility, it may belong to the stable coin. But, this is an interesting topic to discuss. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: havoc928 on August 12, 2020, 11:02:37 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. I have no idea to make it realized. BTC will be always number one in cryptocurrency. And ETH is the number one of altcoins. that is what I think. I am also still confused about the meaning of "controlled volatility". Does it mean that the crypto will not be volatile again or it will be controllable? Well, I don't think it may work well in the crypto world. Because one of the main characters of crypto is about its volatility. If it is about the controlled rate or volatility, it may belong to the stable coin. But, this is an interesting topic to discuss. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: kindbtc on August 12, 2020, 04:40:54 PM Seems like a Russian project and personally i do not great experiences in the past with many Russian based projects but i do not believe much that it depends on location. Anyways if it supports the ethereum network i will support it and i do see a lot defi data and upgradation or liquidity based new projects which is also very encouraging and depicts the big future ahead for eth, defi and crypto overall.
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: xZork on August 12, 2020, 06:53:49 PM Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it. too high volatility in the cryptocurrency market is also not very good. few people can correctly take advantage of this volatility. in most cases, people lose their moneyBesides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin. So I think a project of a coin that is not volatile, and that could make ETH number one is not viable. At the moment the cryptocurrency market is where people invest and make a profit so when the market changes it's time for people to make money. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: peter0425 on August 12, 2020, 08:37:17 PM Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it. too high volatility in the cryptocurrency market is also not very good. few people can correctly take advantage of this volatility. in most cases, people lose their moneyBesides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin. So I think a project of a coin that is not volatile, and that could make ETH number one is not viable. At the moment the cryptocurrency market is where people invest and make a profit so when the market changes it's time for people to make money. Every movements around this market there's corresponding effects. Not everyone is entitled to earn inside this venue of investment, only those who fully recognized opportunities will. In regards to ETH the developing team are working and it;s reflects from how people continue investing to this coin. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Shallow on August 12, 2020, 08:49:23 PM I love the fact that you are defending your project while welcoming critics to know where you are found wanting and where you need to improve. However, I want to point out an impression and that is, Bitcoin has occupied that position by not depending on any other crypto, rather it's features and trust kept it there. Now, I do not also think that any crypto can make Ethereum massive enough to beat Bitcoin. Before, many projects has leveraged the Ethereum blockchain yet it maintained its position wherein some later moved to different blockchains. So, I think you should focus more on enhancing your idea and thus your project.
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Kehindem on August 12, 2020, 09:30:30 PM Dont really understand things here, is it your project will help ethereum thrive, or you want to gain idea that can help your project?
and from the write up in the project, you said people safe and get their asset back without of lossing such asset. So let me say you are you trying to create crypto bank, so is their any means of interest on asset keep Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 13, 2020, 12:40:06 AM Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it. too high volatility in the cryptocurrency market is also not very good. few people can correctly take advantage of this volatility. in most cases, people lose their moneyBesides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin. So I think a project of a coin that is not volatile, and that could make ETH number one is not viable. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 13, 2020, 07:09:37 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. I have no idea to make it realized. BTC will be always number one in cryptocurrency. And ETH is the number one of altcoins. that is what I think. I am also still confused about the meaning of "controlled volatility". Does it mean that the crypto will not be volatile again or it will be controllable? Well, I don't think it may work well in the crypto world. Because one of the main characters of crypto is about its volatility. If it is about the controlled rate or volatility, it may belong to the stable coin. But, this is an interesting topic to discuss. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 13, 2020, 07:26:14 AM Seems like a Russian project and personally i do not great experiences in the past with many Russian based projects but i do not believe much that it depends on location. Anyways if it supports the ethereum network i will support it and i do see a lot defi data and upgradation or liquidity based new projects which is also very encouraging and depicts the big future ahead for eth, defi and crypto overall. Thank you for your support, in turn, your critical comments on the project would be interesting, perhaps this would motivate you and others to understand the features of the project.http://prosh.info/smart_eng.html Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 13, 2020, 07:43:20 AM Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it. too high volatility in the cryptocurrency market is also not very good. few people can correctly take advantage of this volatility. in most cases, people lose their moneyBesides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin. So I think a project of a coin that is not volatile, and that could make ETH number one is not viable. At the moment the cryptocurrency market is where people invest and make a profit so when the market changes it's time for people to make money. http://prosh.info/smart_eng.html Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 13, 2020, 08:48:38 AM I love the fact that you are defending your project while welcoming critics to know where you are found wanting and where you need to improve. However, I want to point out an impression and that is, Bitcoin has occupied that position by not depending on any other crypto, rather it's features and trust kept it there. Now, I do not also think that any crypto can make Ethereum massive enough to beat Bitcoin. Before, many projects has leveraged the Ethereum blockchain yet it maintained its position wherein some later moved to different blockchains. So, I think you should focus more on enhancing your idea and thus your project. Thank you very much for your feedback, you are absolutely right, I started this discussion precisely in order to help me and myself who follow it to understand many issues related to the safety of investments in crypto currency. But what is strange is that all the comments on the project are directed only to the fact that they primarily need unbridled volatility, but no one understands in connection with what it can become manageable and predictable. Now with regard to Bitcoin, you are claiming that it has taken its position independent of another cryptocurrency, yes it is, and who controls it? The owners of the controlling stakes may collapse tomorrow and sell them, and what will happen to the market? This can't happen in my project. If you read carefully, you will understand that Ethereum has financial protection for ETH-WORLD tokens, while Bitcoin does not. My project is universal for any financial system, including Bitcoin, in which you can create a depository through a smart contract.Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 13, 2020, 08:58:56 AM Dont really understand things here, is it your project will help ethereum thrive, or you want to gain idea that can help your project? You are absolutely right, I was the one who suggested the creation of a cryptobank. Unlike known solutions, this bank does not have a single management. Everyone who has connected to it becomes its co-owner and manager within the limits of their authorized capital (deposit) and can earn money by connecting those who want to become the same co-owners.and from the write up in the project, you said people safe and get their asset back without of lossing such asset. So let me say you are you trying to create crypto bank, so is their any means of interest on asset keep Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: TEX-LXRY on August 13, 2020, 09:02:27 AM So you think @OP that lending the money in contracts or simply we say through ethereum will increase the number of people using it? And increase the demand and interest because of lending. I think it will increase the price as many people will come forward to take this opportunity who are in need and many people will be interested in using storage facility but why with you? They can store easily in cold wallet or some one can easily save in some old usb stick and save it!
TEX-LXRY Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: TEX-LXRY on August 13, 2020, 02:56:46 PM So you think @OP that lending the money in contracts or simply we say through ethereum will increase the number of people using it? And increase the demand and interest because of lending. I think it will increase the price as many people will come forward to take this opportunity who are in need and many people will be interested in using storage facility but why with you? They can store easily in cold wallet or some one can easily save in some old usb stick and save it! Quite right, you can store in your Ethereum wallet, but what will it give you? By storing your financial asset in the cryptobank depository (smart contract), the bank gives you its guarantees ETH-WORLD tokens equivalent to the value of Ethereum, which can only grow in price and which you can mortgage, the bank can give you a loan in the full amount of the value of your deposit. The bank issued Fiat not against ETH, but against ETH-WORLD tokens secured by the client's ETH. According to the terms, ETH-WORLD tokens can only grow in price, in other words, tokens have only positive volatility, unlike ETH. The more clients will be credited, the higher the cost of the pledged tokens. The cost of tokens is constantly growing with an increase in the deposit and, accordingly, the issued amount of the loan. Therefore, when clients settle with the bank, TEX-LXRY the bank unblocks the client's ETH and the bank retains some of the tokens. So this implies that if a person deposits its ETH then that person will not lose the money in ethereum but in return the person can actually earn money depending on the amount(x) of users are coming to (The solution) you giving? TEX-LXRY Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: TEX-LXRY on August 13, 2020, 08:42:25 PM So you think @OP that lending the money in contracts or simply we say through ethereum will increase the number of people using it? And increase the demand and interest because of lending. I think it will increase the price as many people will come forward to take this opportunity who are in need and many people will be interested in using storage facility but why with you? They can store easily in cold wallet or some one can easily save in some old usb stick and save it! Quite right, you can store in your Ethereum wallet, but what will it give you? By storing your financial asset in the cryptobank depository (smart contract), the bank gives you its guarantees ETH-WORLD tokens equivalent to the value of Ethereum, which can only grow in price and which you can mortgage, the bank can give you a loan in the full amount of the value of your deposit. The bank issued Fiat not against ETH, but against ETH-WORLD tokens secured by the client's ETH. According to the terms, ETH-WORLD tokens can only grow in price, in other words, tokens have only positive volatility, unlike ETH. The more clients will be credited, the higher the cost of the pledged tokens. The cost of tokens is constantly growing with an increase in the deposit and, accordingly, the issued amount of the loan. Therefore, when clients settle with the bank, TEX-LXRY the bank unblocks the client's ETH and the bank retains some of the tokens. So this implies that if a person deposits its ETH then that person will not lose the money in ethereum but in return the person can actually earn money depending on the amount(x) of users are coming to (The solution) you giving? TEX-LXRY Retelling it will take up a lot of space. This platform allows you not only to place your deposits while maintaining and increasing your assets, but also to earn money by helping those who want to connect to the smart contract by receiving ETH for this or by selling ETH-WORLD tokens to those who want to open their own deposit. I will give it a read. Is the link secure? TEX-LXRY Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: AIF on August 15, 2020, 04:02:27 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. Cryptocurrency loan solution has been working in DeFi for a long time why is your project better than it?Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 15, 2020, 11:50:50 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. Cryptocurrency loan solution has been working in DeFi for a long time why is your project better than it?Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: AIF on August 16, 2020, 09:23:11 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. Cryptocurrency loan solution has been working in DeFi for a long time why is your project better than it?Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: AIF on August 18, 2020, 05:13:47 AM I think that for a coin to be number one, there is a huge work to do, for exemple : solving problems that "first coins" didn't (which is not appropriate in the case of Ethereum because of its blockchain congestion that happens from time to time) Everything you say is correct, but this is a technical problem, it will sooner or later be solved. The main issue is the safety of investments in cryptocurrency that this project solves.15. The project is completely lacking any regulator. The main advantage of the project is that ETH owners manage their financial assets without sending them anywhere other than their addresses connected to the smart contract, or only for the necessary initial connection, and also if they only need ETH-WORLD tokens. With a high volatility of ETH in the market, it will be profitable to place it in the deposit of a smart contract, and the received ETH-WORLD coin, which always has only a growth that is not commensurate with the fall in the price of ETH, can be pledged thereby preserving the deposit assets. You can return (unlock) your assets at any time by sending ETH-WORLD tokens to the deposit addresses in the smart contract. From now on, let's take a closer look, what does it mean they don't send to anyone, but to a smart contract? In DeFi, they send Ethereum to the contract, they receive stablecoin just like you do, what's the difference. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on August 19, 2020, 02:06:22 AM I think that for a coin to be number one, there is a huge work to do, for exemple : solving problems that "first coins" didn't (which is not appropriate in the case of Ethereum because of its blockchain congestion that happens from time to time) Everything you say is correct, but this is a technical problem, it will sooner or later be solved. The main issue is the safety of investments in cryptocurrency that this project solves.15. The project is completely lacking any regulator. The main advantage of the project is that ETH owners manage their financial assets without sending them anywhere other than their addresses connected to the smart contract, or only for the necessary initial connection, and also if they only need ETH-WORLD tokens. With a high volatility of ETH in the market, it will be profitable to place it in the deposit of a smart contract, and the received ETH-WORLD coin, which always has only a growth that is not commensurate with the fall in the price of ETH, can be pledged thereby preserving the deposit assets. You can return (unlock) your assets at any time by sending ETH-WORLD tokens to the deposit addresses in the smart contract. From now on, let's take a closer look, what does it mean they don't send to anyone, but to a smart contract? In DeFi, they send Ethereum to the contract, they receive stablecoin just like you do, what's the difference. This is not in my project. You send your ETH to your account of your wallet connected to the smart contract, and it is blocked in the contract, in exchange, you receive 100% of the financial asset equivalent ETH-WORLD tokens, which, unlike DAI, has a programmed increase in value. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: AIF on August 19, 2020, 01:52:05 PM So you think @OP that lending the money in contracts or simply we say through ethereum will increase the number of people using it? And increase the demand and interest because of lending. I think it will increase the price as many people will come forward to take this opportunity who are in need and many people will be interested in using storage facility but why with you? They can store easily in cold wallet or some one can easily save in some old usb stick and save it! Quite right, you can store in your Ethereum wallet, but what will it give you? By storing your financial asset in the cryptobank depository (smart contract), the bank gives you its guarantees ETH-WORLD tokens equivalent to the value of Ethereum, which can only grow in price and which you can mortgage, the bank can give you a loan in the full amount of the value of your deposit. The bank issued Fiat not against ETH, but against ETH-WORLD tokens secured by the client's ETH. According to the terms, ETH-WORLD tokens can only grow in price, in other words, tokens have only positive volatility, unlike ETH. The more clients will be credited, the higher the cost of the pledged tokens. The cost of tokens is constantly growing with an increase in the deposit and, accordingly, the issued amount of the loan. Therefore, when clients settle with the bank, TEX-LXRY the bank unblocks the client's ETH and the bank retains some of the tokens. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: best2015 on August 19, 2020, 02:14:25 PM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. First of all, this needs to be on service announcement or service discussion, not altcoin discussion.Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) And about the idea itself - I'm feeling controversial about it, because I highly doubt your point that the service helps the ethereum originally. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: carlisle1 on August 20, 2020, 09:40:06 AM I invite you to discuss an idea that can help Ethereum become the number one cryptocurrency or disprove it. Don't dare mate because ETH cannot beat Bitcoin no matter what( at least this is what i learn over the years)Currently, there is not a single cryptocurrency storage and lending solution in the cryptocurrency world that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. if there is one coin that may take the position in future maybe this is not ethereum Quote In the project I propose, there is a solution for lending cryptocurrencies secured by smart contract tokens, without fear of losing financial assets in the event of negative market volatility. If you can refute the idea of my project, I ask you to prove it in numbers, and if you see the prospect of development, I will be glad to accept any help or advice for its implementation. You have good intention( if you really mean these things) and i hope you'll find the right path to make this into succes.http://prosh.ru/smartcontract.html (http://prosh.ru/smartcontract.html) But I'm sure this will take time before we see the good effect. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: AIF on August 20, 2020, 11:32:35 PM Here's an interesting take on how Ethereum will inevitably rise in value.
https://bankless.substack.com/p/why-pomp-is-wrong-about-eth?token=eyJ1c2VyX2lkIjo3OTc2MTA3LCJwb3N0X2lkIjo4NjYzMjEsIl8iOiI1K0xtaiIsImlhdCI6MTU5Nzk2MTYxNywiZXhwIjoxNTk3OTY1MjE3LCJpc3MiOiJwdWItMTYwMTUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.mW0SoEeL8oaEP5v5ZiQ5IjtJdNZHUINTf32Rh9zIc1w (https://bankless.substack.com/p/why-pomp-is-wrong-about-eth?token=eyJ1c2VyX2lkIjo3OTc2MTA3LCJwb3N0X2lkIjo4NjYzMjEsIl8iOiI1K0xtaiIsImlhdCI6MTU5Nzk2MTYxNywiZXhwIjoxNTk3OTY1MjE3LCJpc3MiOiJwdWItMTYwMTUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.mW0SoEeL8oaEP5v5ZiQ5IjtJdNZHUINTf32Rh9zIc1w) Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: kawetsriyanto on August 20, 2020, 11:40:47 PM What is meant here is to make Ethereum unaffected by volatility? If it is not volatile, then can you say the ETH price will be more stable? Isn't this going to be a stable coin?
In this case, ETH does not need to be separated from volatility because this is one way to profit from it. In addition, currently, ETH is the best altcoin and it is no longer necessary to pass BTC. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: tvplus006 on September 09, 2020, 06:36:52 PM Tokens will grow only in one case if it is profitable for the ETH owner to place his financial asset in a deposit, receiving these tokens for this, while they will be able to earn by connecting those who wish and selling these tokens. It is important that ETH-WORLD tokens always grow in value, so they can simply be stored without fear of devaluation. It should be noted that you do not send your ETH to anyone, it remains blocked on the address of your wallet connected to the smart contract and no one except you can receive it. The token cannot continuously grow in price. Even the dollar is subject to inflation. What you are writing about is only an idea and has no real prototype. But I believe that there is a hidden error in your calculations that we do not notice. This is the conclusion I make based on the post I already published earlier: https://bitcointalk.org/index.php?topic=5274044.msg55161162#msg55161162 Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: lousie9 on September 09, 2020, 07:34:18 PM I wouldn't think too much about the reality of a crypto project or even want to emulate a Bitcoin project. I have seen many crypto concepts that are promising but not as easy as they might hope. especially if you are planning to develop a new project and have high confidence about volatility, in my opinion it is not possible.
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: rexxarofmoknathal on September 09, 2020, 10:17:09 PM Investors or lenders don't fear the volatility. What they fear most is the security of the platform where they have invested their money. Someone who invests in defi or lending platform understands the volatility of cryptocurrencies as from the beginning it has always been. I understand the point you are making, and I agree that investors and lenders in a way thrive from volatility, it is the bread and butter to making profit. Similarly, there will be no room for further discussion for any platform where security isn't in place - that must come as top priority. Would ETH be able to rise against its predecessor BTC? Well, I think this depends on how well DeFi will do and how high smart contracts can take this. However, one possible roadblock to this is the huge fees... I think this is the grey area most people are concerned with regarding ETH Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: DoublerHunter on September 09, 2020, 10:21:29 PM What is meant here is to make Ethereum unaffected by volatility? If it is not volatile, then can you say the ETH price will be more stable? Isn't this going to be a stable coin? ^ ETH now becomes worst to me, look at the speed and the transaction fee, all become low because there are many projects that tied up of this coin, ETH. I don't think if this is what they called the new ATH of ETH, even the speed and fees will never have an ATH too. But I still look forward to it and probably the founder and team on it will find ways and resolve this issue. Nevertheless, when it comes number one cryptocurrency is always bitcoin is on the top, no doubt on it.In this case, ETH does not need to be separated from volatility because this is one way to profit from it. In addition, currently, ETH is the best altcoin and it is no longer necessary to pass BTC. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Quidat on September 09, 2020, 10:28:52 PM What is meant here is to make Ethereum unaffected by volatility? If it is not volatile, then can you say the ETH price will be more stable? Isn't this going to be a stable coin? ^ ETH now becomes worst to me, look at the speed and the transaction fee, all become low because there are many projects that tied up of this coin, ETH. I don't think if this is what they called the new ATH of ETH, even the speed and fees will never have an ATH too. But I still look forward to it and probably the founder and team on it will find ways and resolve this issue. Nevertheless, when it comes number one cryptocurrency is always bitcoin is on the top, no doubt on it.In this case, ETH does not need to be separated from volatility because this is one way to profit from it. In addition, currently, ETH is the best altcoin and it is no longer necessary to pass BTC. isnt really that high.I dont know on what happened but if this would be the case then probably people will jump to other alts which had lesser fees and transaction time. For bitcoin then theres no doubt that this one will always be on the top in spite of its flaws or cons.I dont see for any projects to drag ETH to be number one in the market. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: 7788bitcoin on September 10, 2020, 11:51:39 PM I wouldn't think too much about the reality of a crypto project or even want to emulate a Bitcoin project. I have seen many crypto concepts that are promising but not as easy as they might hope. especially if you are planning to develop a new project and have high confidence about volatility, in my opinion it is not possible. The success of a project is determined by the quality of the code and the technical genius that they built into it and not hype and massive promotion claiming it to be the next big thing and if that is the situation you could pump for a bit but then it will dump heavily and the success of the project does not have anything to do with the volatility, but these excuses can be heard everywhere and it is simply because their code is not great and the same case with ETH and bitcoinTitle: Re: A project to help make Ethereum the number one cryptocurrency. Post by: djmixen on September 11, 2020, 03:50:39 AM I've seen many projects that arise in cryptocurrency and said they can surpass the value price together with its volume in the market, but all of them ended up into nothing but breaking up for what they've said about surpassing the value of Bitcoin, so in Ethereum, for now, it will always be next into Bitcoin and we don't know when will gonna happen that ETH can beat Bitcoin.
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: kapalmabur on November 10, 2020, 04:48:07 AM Ethereum for me is the number one cryptocurrency, or the king of Altcoins,
imagine the number of Defi projects built on the Ethereum platform is already very lots, and this certainly affects their network, and the effect is that GAS is so expensive, but now it looks like they have handled it, and GAS being cheap, I believe Ethereum will always be number 1 for altcoins. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: tarable on November 10, 2020, 06:25:23 AM It is more profitable for the bank that you do not repay the loan at all, since the price of tokens will grow, constantly exceeding the borrowed funds by much. Yes, that is, if the token price continues to grow, it will clearly benefit the bank a lot, but if the token price continues to fall, they will also experience losses indirectly even though those who borrow will also lose directly.Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Towerbreeze on November 10, 2020, 06:27:44 AM Ethereum don't need help from a project to become the number one cryptocurrency today, right from day one Ethereum have been doing what it was meant to do, it's the king of all altcoins and smart contract Platforms, ethereum is too strong and that's why many new smart contract projects can't over thrown ethereum today.
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: leea-1334 on November 10, 2020, 09:33:10 AM Ethereum don't need help from a project to become the number one cryptocurrency today, right from day one Ethereum have been doing what it was meant to do, it's the king of all altcoins and smart contract Platforms, ethereum is too strong and that's why many new smart contract projects can't over thrown ethereum today. It has not always done what it was supposed to do, though,,, in fact from early on already the DAO concept did not work out, causing the split. And the very reason it is going to ETH 2.0 is because the original model proved that world supercomputer does not work as a concept without staking and sharding. Still,,, it is going in a right direction that cannot be denied! Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on November 10, 2020, 10:15:35 AM Ethereum don't need help from a project to become the number one cryptocurrency today, right from day one Ethereum have been doing what it was meant to do, it's the king of all altcoins and smart contract Platforms, ethereum is too strong and that's why many new smart contract projects can't over thrown ethereum today. It has not always done what it was supposed to do, though,,, in fact from early on already the DAO concept did not work out, causing the split. And the very reason it is going to ETH 2.0 is because the original model proved that world supercomputer does not work as a concept without staking and sharding. Still,,, it is going in a right direction that cannot be denied! The DAO is primarily the INTERMEDIARY in the DeFi system. Any intermediary wants to eat, and who feeds him? YOU! In addition, the intermediary may be wrong, and he is not responsible for your financial assets. My project was just created to preserve financial assets and no one but you manages them. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Doranile432 on November 10, 2020, 10:38:06 AM It's a complete waste of time and energy hoping that a token or coin can help Ethereum when we perfectly understand that Ethereum is the best smart contract out there, what could other project gives to ethereum that ethereum never had? Now that eth 2.0 is coming ethereum will get even better than before, this project can survive without any other project
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: sana54210 on November 10, 2020, 04:37:17 PM Just because ETH is the best out there in the altcoin world doesn't mean that other things can't help it, in fact the whole concept of ETH is to be used by other projects so while ETH is helping them, they are helping ETH get more popular as well.
Something bigger doesn't neccesarily means doesn't need help from something smaller, obviously bigger will help smaller first but smaller could be helpful to bigger if they are bunch of them. For example, could you tell me defi had absolutely no help towards ETH at all? This is the same coin that started the year at around 130 dollars, after defi craze we were over 350 easily, with this 2.0 we are even higher but defi helped it go almost 3x in a year. Yes one project didn't help that big, but all of those smaller ones get together can help ETH a lot. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Lhaine on November 10, 2020, 04:58:24 PM It's a complete waste of time and energy hoping that a token or coin can help Ethereum when we perfectly understand that Ethereum is the best smart contract out there, what could other project gives to ethereum that ethereum never had? Now that eth 2.0 is coming ethereum will get even better than before, this project can survive without any other project maybe what they want is to collect large amounts using eth , not to help the eth become top crypto currency. Even how many tokens you created there will no affect in eth price the only possible thing is more project will earn money by collecting it from different investors. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on November 11, 2020, 08:56:14 AM Just because ETH is the best out there in the altcoin world doesn't mean that other things can't help it, in fact the whole concept of ETH is to be used by other projects so while ETH is helping them, they are helping ETH get more popular as well. DeFI The US Securities and Exchange Commission also noted the apparent vulnerability of DeFi projects. SEC Senior Advisor for Digital Assets and Innovation Valerie Schepanik made a cautionary comment at a recent parallel summit in September:Something bigger doesn't neccesarily means doesn't need help from something smaller, obviously bigger will help smaller first but smaller could be helpful to bigger if they are bunch of them. For example, could you tell me defi had absolutely no help towards ETH at all? This is the same coin that started the year at around 130 dollars, after defi craze we were over 350 easily, with this 2.0 we are even higher but defi helped it go almost 3x in a year. Yes one project didn't help that big, but all of those smaller ones get together can help ETH a lot. https://thedailychain.com/ciphertrace-report-half-of-crypto-hacks-in-2020-targeted-defi-platforms/ Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: AIF on November 17, 2020, 12:32:31 AM "I Do Believe Ethereum Will Flip Bitcoin in the Next Four Years:” Balancer's Fernando Martinelli
https://thedefiant.substack.com/p/i-do-believe-ethereum-will-flip-bitcoin-042?token=eyJ1c2VyX2lkIjo3OTc2MTA3LCJwb3N0X2lkIjoxODk0NzA5NiwiXyI6Imo2QmloIiwiaWF0IjoxNjA1NTU3MTE1LCJleHAiOjE2MDU1NjA3MTUsImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.GVAwxPwkuaHEICO_QTl-ud0N_KoVQTwkH-38TbKhLS0 Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: nomenclatur on November 17, 2020, 01:44:55 AM it is not easy to make the Defi platform loan project also still prone and easy to break into by hackers very insecure there must be another adoption on the ethereum platform to be able to support all that is realized to fulfill the lending platform program that can help many people I don't expect too much for the Defi platform there is still a gap to take all the coins stored on the Defi platform, it is very difficult to make it safer, there must be a change that is even better to make investors safer for investment.
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Buttermellow on November 17, 2020, 02:15:24 AM it is not easy to make the Defi platform loan project also still prone and easy to break into by hackers very insecure there must be another adoption on the ethereum platform to be able to support all that is realized to fulfill the lending platform program that can help many people I don't expect too much for the Defi platform there is still a gap to take all the coins stored on the Defi platform, it is very difficult to make it safer, there must be a change that is even better to make investors safer for investment. I do believe that developers are already also taking steps to secured and ensure the smooth flow of the platform they develop. Usually, I just always observe about the two way authenticator system using cell number to be integrated in the system. This is one of the most secured way of keeping the platform away from any hacking activity or a user getting phished out by hackers that can't get an easy access to user's account.Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: zaim7413 on November 17, 2020, 02:30:34 AM This project does not collect anything from anyone, he offers you to save this ether on your account in the deposit, and you can put the contract tokens into circulation and sell, pledge while remaining the owner of your ether. Then what benefits will the Ether store get in their own account? is there some kind of program that can make him a big fortune in that? if yes then obviously very good, but if there is nothing, it is better to use Ether for something else than to have to save without any profit.Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: carlisle1 on November 17, 2020, 03:23:50 AM This project does not collect anything from anyone, he offers you to save this ether on your account in the deposit, and you can put the contract tokens into circulation and sell, pledge while remaining the owner of your ether. Then what benefits will the Ether store get in their own account? is there some kind of program that can make him a big fortune in that? if yes then obviously very good, but if there is nothing, it is better to use Ether for something else than to have to save without any profit.Ethereum needs long time and support to finally beat down Bitcoin of course with Luck lol. "I Do Believe Ethereum Will Flip Bitcoin in the Next Four Years: Balancer's Fernando Martinelli You can do same claim mate,because we are all free to say but the thing is How and when?4 years?unless ethereum take a 1/2 of bitcoin market cap i will make believe.,https://thedefiant.substack.com/p/i-do-believe-ethereum-will-flip-bitcoin-042?token=eyJ1c2VyX2lkIjo3OTc2MTA3LCJwb3N0X2lkIjoxODk0NzA5NiwiXyI6Imo2QmloIiwiaWF0IjoxNjA1NTU3MTE1LCJleHAiOjE2MDU1NjA3MTUsImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.GVAwxPwkuaHEICO_QTl-ud0N_KoVQTwkH-38TbKhLS0 Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: AIF on March 22, 2021, 01:02:30 AM Investors or lenders don't fear the volatility. What they fear most is the security of the platform where they have invested their money. Bitcoin will remain digital gold, and Ethereum is the digital oil that fuels the development of new decentralized financial technologies, and time will tell who will be more valuable in the future.Someone who invests in defi or lending platform understands the volatility of cryptocurrencies as from the beginning it has always been. But whether there will be a help or none from any other projects, Ethereum won't surpass bitcoin. It will remain as the number one crypto. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: guydin on March 23, 2021, 09:25:24 PM Each of us has own opinion about how the fate of the two most promising cryptocurrencies will turn out. It is clear that many dream of seeing Ethereum in the first place, and it is quite worth it, you just need to modify the network for even greater efficiency.
I think the Ethereum developers will find a way to solve this. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Brus123 on August 02, 2021, 05:33:33 AM Personally I strongly believe in Ethereum. Devs continue developing their product. New financial solutions appear upon it all the time. And we definitely shouldn’t forget about Ethereum 2.0. It promises to make Ethereum more scalable, cheaper and more eco-friendly.
Talking about the dependence of Ethereum on Bitcoin. There is nothing surprising about it. All altcoins follow its global trends as when it is falling, people start to panic and sell everything. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: Theones on October 02, 2021, 01:18:03 PM Personally I strongly believe in Ethereum. Devs continue developing their product. New financial solutions appear upon it all the time. And we definitely shouldn’t forget about Ethereum 2.0. It promises to make Ethereum more scalable, cheaper and more eco-friendly. Talking about the dependence of Ethereum on Bitcoin. There is nothing surprising about it. All altcoins follow its global trends as when it is falling, people start to panic and sell everything. There are other blockchains like Binance that also support hosting DAPPs, but what makes ETH king of DAPPs is its community of developers that keep developing all the time and has given a complete edge over other blockchain.. The interconnected upgrades in Eth 2.0 by team of global developers has made Ethereum more scalable, more secure, and more sustainable. Having said so, there is nothing in crypto market that doesn't depend on Bitcoin and Eth is not an exception. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on April 19, 2022, 01:49:27 AM Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it. Volatility is the life of the crypto market and it will always be, and the higher it is, the more necessary a reliable place to save your investments, which this project will be.Besides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin. So I think a project of a coin that is not volatile, and that could make ETH number one is not viable. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: kojektea on April 19, 2022, 02:24:39 AM The very nature of cryptocurrency itself is decentralized. Maybe your idea is good because with a cryptocurrency bank like this you can not only manage existing assets, but maybe you want to guarantee the security of assets that are stored in your bank. However, we all believe in ourselves, we enter here of course with a risk that we are aware of, this is not only a matter of trading risk but also the risk of getting hacker attacks. Even though we store assets in a strong vault bank, if a virus enters virtually that vault then it's the same. How do you ensure the safety of your customers' assets?
Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on April 19, 2022, 07:33:38 AM The very nature of cryptocurrency itself is decentralized. Maybe your idea is good because with a cryptocurrency bank like this you can not only manage existing assets, but maybe you want to guarantee the security of assets that are stored in your bank. However, we all believe in ourselves, we enter here of course with a risk that we are aware of, this is not only a matter of trading risk but also the risk of getting hacker attacks. Even though we store assets in a strong vault bank, if a virus enters virtually that vault then it's the same. How do you ensure the safety of your customers' assets? Security is the basis of the project.1. Your financial asset is always locked in a separate cell at your address in the smart contract and is accounted for in the total balance of the crypto bank. 2. To get access to the contents of the cell, it is necessary to send the appropriate number of contract tokens to this address. 3. The crypto bank consists of millions of such cells, so if one wallet address is hacked, hackers can steal only what is stored there. http://prosh.info/smart_eng.html http://prosh.info/smart_eng.files/image004.jpg Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: wiss19 on April 21, 2022, 10:45:48 AM The very nature of cryptocurrency itself is decentralized. Maybe your idea is good because with a cryptocurrency bank like this you can not only manage existing assets, but maybe you want to guarantee the security of assets that are stored in your bank. However, we all believe in ourselves, we enter here of course with a risk that we are aware of, this is not only a matter of trading risk but also the risk of getting hacker attacks. Even though we store assets in a strong vault bank, if a virus enters virtually that vault then it's the same. How do you ensure the safety of your customers' assets? I doubt that hacker attacks are worrisome as much as it used to be. Crypto wallets themselves are very hard to crack into and I am pretty sure it can be done, so how do they hack into stuff? They hack into projects, not people individually but into projects, which means they will be capable of stealing tens of millions of dollars worth of money collected by many people all invested into one place, imagine if binance got hacked, similar thing. However, it is not just you and me getting hacked, that rarely happens, that is where scammers start to work on, they realized that they can't hack into one wallet, but they can convince the owner of that wallet to give them that money somehow. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on April 21, 2022, 08:59:08 PM The very nature of cryptocurrency itself is decentralized. Maybe your idea is good because with a cryptocurrency bank like this you can not only manage existing assets, but maybe you want to guarantee the security of assets that are stored in your bank. However, we all believe in ourselves, we enter here of course with a risk that we are aware of, this is not only a matter of trading risk but also the risk of getting hacker attacks. Even though we store assets in a strong vault bank, if a virus enters virtually that vault then it's the same. How do you ensure the safety of your customers' assets? I doubt that hacker attacks are worrisome as much as it used to be. Crypto wallets themselves are very hard to crack into and I am pretty sure it can be done, so how do they hack into stuff? They hack into projects, not people individually but into projects, which means they will be capable of stealing tens of millions of dollars worth of money collected by many people all invested into one place, imagine if binance got hacked, similar thing. However, it is not just you and me getting hacked, that rarely happens, that is where scammers start to work on, they realized that they can't hack into one wallet, but they can convince the owner of that wallet to give them that money somehow. Title: Re: A project to help make Ethereum the number one cryptocurrency. Post by: VictorProsh on April 23, 2022, 12:47:46 AM investment borrowing? how is it going? For example: I borrow crypto for investment, where I do not issue any money or collateral, and when the price of the investment that I enter or borrow continues to decline, won't the project owner actually lose with that? it may be profitable for the borrower, but detrimental to the owner of the loan project. This project allows you to borrow Fiat against the security of your ether, and your ether remains at the address of your wallet in the smart contract, and the bank will have smart contract tokens as collateral. Tokens are very attractive to the bank because they are secured and cannot be devalued and have a positive growth trend, unlike ETH, which has uncontrolled volatility. The bank can issue an interest-free perpetual loan secured by the client's tokens-bonds (an Islamic lending option), although there may be other conditions. The bank does not have access to the client's ETH deposit and in case of non-repayment of the loan can only sell tokens, and ETH will remain in the deposit blocked at the address (account) assigned to the client. Such a scheme of insurance against losses in case of atr volatility is very profitable and can attract ETH owners to become owners of a crypto bank, which in turn will increase the total deposit of ETH and, accordingly, the cost of tokens. |