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181  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty projects need to change approach to bounty allocations on: November 13, 2018, 05:42:03 PM
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
You have not set forth your position in detail. What does it mean that ICO teams should have their own budget? In what currency and in what amount should it be? The ICO team pays for the participants in the ICO generosity campaign with their new tokens. Payment in anything else is unprofitable for them. We can still talk about payment at will in ethereum. In general, the existing payment system seems to me the most optimal.
182  Bitcoin / Legal / Re: KYC challenges on: November 13, 2018, 05:19:49 PM
Please share any recommendations as to how to make kyc( know your customers ) effective!! and probably; is it even needed?
I do not see any point in conducting a KYC audit. In order for the ICO team to have no further complaints from the US and Chinese authorities, I think it is enough to notify investors about this and that investors confirm by pressing the corresponding virtual button that they are not citizens of the USA and China.
If we are talking about the prevention of money laundering, the collection of confidential information cannot be entrusted to temporary teams that do not pass a full-fledged check. In addition, this database is practically not used in any way and there is no point in it, only there is a very great danger of using this data in the future for illegal purposes.
ICO generosity campaigners should not be tested by KYC at all, as they are not investors and cannot launder dirty money.
183  Alternate cryptocurrencies / Altcoin Discussion / Re: The Curse of the word "Soon" in ICO. How do you take it? on: November 12, 2018, 05:35:17 AM
This means that the ICO team either does not know what to do next with its project, or simply intends to run away and while trying to contain a wave of well-deserved perturbations of investors and headhunters.
In any case, this is a very bad sign for the ICO project.
184  Alternate cryptocurrencies / Altcoin Discussion / Re: Postponing ICO, a sign of negative market? on: November 12, 2018, 04:56:35 AM
Just recently PROFEDE has decided to postpone it's ICO.
https://profede.com/#problem
What are it's implecations? Do you have a similar experience with this one?
Yes, it is well noticed. From the second half of this year, already launched ICO projects began to be massively delayed, extended, announced the second round at the ICO, and other such actions, from which it can be seen that not everything is in order with fundraising. This, of course, indicates that the market as a whole is sick, it has significant problems that interfere with its normal operation. This problematic state of the market lasts until today. The reason for this - for a number of established reasons, investors are not showing proper activity.
185  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you believe in stablecoins?? on: November 12, 2018, 04:43:24 AM
Stable coins are very convenient and irreplaceable in some cases. They do not serve, like other cryptocurrencies, as a source of profit, but rather as a buffer between cryptocurrency and ordinary currency, as well as a settler in some cases when it is urgent to withdraw funds from a certain cryptocurrency. Stable coins are very quick work with cryptocurrency, but how good they are technically, time will tell.
186  Alternate cryptocurrencies / Altcoin Discussion / A new form of cheating teams ICO on: November 11, 2018, 11:47:12 AM

The ICO teams are now applying to bounty hunters a new form of fraud, with which something needs to be done - this is an unspecified earlier test of KYC after the end of the ICO.

As a lawyer, I can say that the conditions for joining the ICO generosity campaign are in fact one of the types of contracts with so-called implicit, that is, silent actions. The fact that we further fill out their form of accession means that we have agreed to their terms of the contract.

In any contract there are so-called essential terms of the contract, which must always be specified. If at least one of them is not specified, the agreement on the decision of the court may be invalidated. The contract price, that is, the amount payable to bounty hunters, is one of the essential conditions of the contract and must be clearly stated. If it can change, it should be indicated in what cases and by how much. Otherwise, such a contract will be invalid. If in the terms of accession it is only generally indicated that any conditions may be changed, then such a piece of paper cannot be recognized as a contract and will in any case be illegal.

If the contract is made and executed, one of the parties is not entitled to declare additional substantial payment terms that were not previously agreed

In this case, this should be considered an ordinary fraud, and the ICO team should bear the material, and in the case of the intention of such actions, the criminal liability for fraud, that is, the seizure of another's property by deception or abuse of trust.

What do you think we need to do in this case with such fraud?
187  Alternate cryptocurrencies / Altcoin Discussion / Re: Be contented on your bounty campaign rewards! on: November 11, 2018, 11:27:34 AM
As of now, a lot of complains I can read about some bounty hunters that are complaining about their bounty rewards. Some of it are not contented leading to making trash talk to the bounty in charge and to the team of the ICO Project that is sponsoring to the bounty campaign. To us, bounty hunters, it is a bit of a insulting that we have a fellow bounty hunters that are acting that way. Always remember, we are the users that are applying to the bounty campaign, and we already know about the rules of engagement, and we also are aware of the users that are signing of the campaign, as we can see on the spreadsheet. So many users, probably less reward! I hope the traits of the bounty hunter are like a professional one, and not like the whining child. If that is the rewards allocated to you! Be contented of it!  

I certainly hope that this will put a arrow to the bounty hunters that are acting reckless and nonsense.

#TheRoadToJrMember
#RespectOneAnother
You are not right. We are not users. With the ICO team, we actually enter into a contract, filling out their form of joining the ICO generosity campaign. In fact, this is a contract for the provision of services, that is, the advertising of their project ICO.

Bounty hunters are one of the parties to this treaty and must be carried out by both parties. The fact that now the ICO team, after the fulfillment of the contract, announces the KYC audit, is a new type of fraud in order to not pay us the earned tokens. In some cases, we simply cannot enter the required information due to the fact that different states have different legislation.

Do you think that we should not even complain if we are illegally deprived of earned tokens by committing fraud against us?
188  Alternate cryptocurrencies / Altcoin Discussion / Re: KYC as a Scam on: November 11, 2018, 11:11:33 AM
In the rules of most bounty, there is a rule "We reserve the right to adjust the conditions of the bounty campaign." So the bounty hunter should prepare KYC for all the projects they join. Unless they are cheaters with multiple accounts.
That you carefully read the conditions for joining the campaign of generosity ICO.

As a lawyer, I can say that the conditions for joining the ICO generosity campaign are in fact one of the types of contracts with so-called implicit, that is, silent actions. The fact that we further fill out their form of accession means that we have agreed to their terms of the contract.

In any contract there are so-called essential terms of the contract, which must always be specified. If at least one of them is not specified, the agreement on the decision of the court may be invalidated. The contract price, that is, the amount payable to bounty hunters, is one of the essential conditions of the contract and must be clearly stated. If it can change, it should be indicated in what cases and by how much. Otherwise, such a contract will be invalid. If in the terms of accession it is only generally indicated that any conditions may be changed, then such a piece of paper cannot be recognized as a contract and will in any case be illegal.

If the contract is made and executed, one of the parties is not entitled to declare additional substantial payment terms that were not previously agreed

In this case, this should be considered an ordinary fraud, and the ICO team should bear the material, and in the case of the intention of such actions, the criminal liability for fraud, that is, the seizure of another's property by deception or abuse of trust.
189  Alternate cryptocurrencies / Altcoin Discussion / Re: BitcoinCash fork 15th of November. Logo looks as bad as their coins... on: November 08, 2018, 05:05:07 AM
This is not the case, and this sentiment is usually caused by a long-term bear market. But you must know that bitcoin cash has a strong strength, maybe they see the future market rather than the current market. The failure of cryptocurrency this year does not mean that the future will fail. The market may once again shock you.

You are right, when the market value goes down lot of them take advantage of this and give negative feedbacks on all coins. This is really not fair at this moment having patience is the key to save our money. Bitcoin cash is in the top 10 coins it has a good growth in future.
Holding a tight bitcoin forks in cash and the appearance on November 15 of a new coin Bitcoin Stash enlivened the cryptocurrency market a bit. The price of bitcoin in cash began to rise, after all, many are interested in getting free coins appearing. The bad thing is that there is no agreement in the Bitcoin cash team, this does not make this coin popular.
190  Economy / Economics / Re: Would blockchain technologies continue Its development without cryptocurrency? on: November 08, 2018, 04:51:25 AM
Cryptocurrency is just one of the products of blockchain technology. There may be many of them. Therefore, the blockchain technology, as a broader concept, may well exist without cryptocurrency.
Blockchain technology can be used wherever large databases need to be stored in open access mode while maintaining a high degree of security. In the Internet system, this opens up unlimited possibilities, since it allows you to cover certain types of activities at once across the globe.
191  Economy / Economics / Re: If the stocks market will crash again like 2008, what will happen to bitcoin on: November 08, 2018, 04:20:33 AM
bitcoin is not yet mature enough for investors to be considered a solid place to go because of its extreme volatility and the unpredictable nature of it. but at the same time it has been one of the investment options among investors for a while now.
so it would be reasonable assumption to think in case of a market crash elsewhere, the investors shift some part of their investment into bitcoin specially those who are already diversifying using bitcoin as an additional option.
If the stock market collapses, as in 2008, then I think that this will positively affect the cryptocurrency market. Some of those shareholders who are already familiar with cryptocurrency will undoubtedly urgently pull out their falling assets from stocks and invest them in cryptocurrency. After all, these two markets are in no way interconnected.
192  Economy / Economics / Re: What can be done to make bitcoin stable? on: November 08, 2018, 03:49:11 AM
I think when the amount of Bitcoin has reached its limit, it will gradually stabilize. At the same time, all governments accept Bitcoin.
No, these two factors - the extraction of almost all or all bitcoins and the legalization of cryptocurrency by the states will in no way affect the greater volatility of the bitcoin price. The price of bitcoin, as well as the entire decentralized cryptocurrency is formed solely on the relationship between supply and demand, and they will never be stable, because there are a lot of participants on the market and they all perform different actions. Since the course of Bitcoin is not supported by anyone, it will always show its high volatility.
193  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you ready to use cryptocurrency in everyday life? on: November 07, 2018, 05:36:23 AM
Cryptocurrency is not yet 100% legalized in many countries, but are you psychologically ready to use it every day? Are you ready to get paid in the crypto? In your opinion, when will the dollar era end, and we will be able to fully use the cryptocurrency on a daily basis?

Thanks for the replies.
No, the usual currency will never end, it will go in all states for a very long time. The percentage of using non-cash forms of payment will grow. In the future, the percentage of use of cryptocurrency will also gradually increase. However, most of all it will be used as payments between citizens and payments, where now they are calculated using electronic wallets for payments for purchases.
Cryptocurrency is a very specific type of virtual money, which not everyone will use because it requires certain knowledge and skills, as well as the adoption of security measures against hacking hacks. At the same time, you must always carry with you a technical device connected to the Internet. Theft in this case of such a device will bring much more problems than the theft of a credit card or cash.
194  Alternate cryptocurrencies / Altcoin Discussion / Re: Video call for KYC verification on: November 07, 2018, 05:19:42 AM
It is unlikely that the ICO project will now collect even the minimum amount of funds if it requires investors and bounty hunters to undergo a KYC test with a video call. Due to various technical, organizational, moral and other reasons, many will not be able or unwilling to undergo such a KYC test. So let the ICO teams try this innovation, and I will see what happens in them. It is unlikely then a second chance, even without a video call, will pass.
195  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH so popular on: November 07, 2018, 05:10:07 AM
Eth has become popular, do you know the reasons?
I think people are too stress with BTC decreasing, then they sell BTC out to buy more ETh.  
It would be very surprising if ethereum was not popular. After all, about 90 percent of all ICOs are held on the platform of this coin, and ethereum is needed to transfer created tokens.
In addition, now this coin is very unfairly lowered in price, and given the upcoming improvements in it, it looks very tempting for investment.
196  Alternate cryptocurrencies / Altcoin Discussion / Re: No KYC is required during Epiphany Airdrop to 'KYC required' after Airdrop on: November 07, 2018, 05:00:02 AM
So far, no ICO team has shown who and how they are asked to conduct a KYC check against participants in the ICO generosity campaign. It is one thing to require such an inspection from investors who invest their money in ICO projects, and another thing from people who will advertise their project and with whom they will pay for their services
197  Economy / Speculation / Re: Bitcoin To Drop As Low As $1000 This Year on: November 06, 2018, 06:35:54 AM
Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts
"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000,"

Is this going to be real or not ?





If we take into account that this forecast was made in January, when Bitcoin was still relatively high in price, then the prediction of a large drop in Bitcoin itself turned out to be true. However, it is good that below 6,000 dollars Bitcoin did not fall. Now it is already definitely falling, in any case, strongly, Bitcoin will not be. It will either remain relatively stable in its price for some time, or it will already rise and raise the entire cryptocurrency market.
198  Alternate cryptocurrencies / Altcoin Discussion / Re: The KYC scam on: November 06, 2018, 06:13:43 AM
I believe the projects are using KYC as a ploy to not payout after bounty hunters have already done the work.  I see more and more of these surprise KYC requirements after the work is done.  This is clearly being done to seize the funds of the bounty hunters who are not willing to give personal data to god knows who. 

Very clever trick. They are trying to use us then ask for requirements which go directly against the movement. 
Yes, I totally agree with you. Very often, the ICO teams announce about KYC verification only at the end of the ICO, when the number of tokens to be rewarded for participating in the ICO generosity campaigns is already calculated or even already calculated. It is obvious that in this case the ICO team comes up with ways not to pay parts to the bounty hunters of the tokens they earned. Not everyone wants to be tested by KYC or can do it for various reasons. The calculated but unpaid tokens to the participants behind the heads are then assigned by the ICO team. Moreover, it should be noted that the verification of KYC is generally illegal for bounty hunters, since they are not investors in ICO projects.
199  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you holding EOS? on: November 06, 2018, 06:01:59 AM
EOS is still the new stuff and I haven't been too confident to invest in it. Although in this coinmarketcap looks good but still enough for it to have any doubts. Ripple, I think it is better to put on hold due to already have clear proof that it is indeed good. and EOS have to at least prove to be able to attract more investors.
Yes, the EOS coin has not shown itself very well and the reviews about it are very contradictory. Since it is still not so high in price, just in case a certain amount of this coin must be kept in its wallets. In the meantime, you need to look at her, she may have a good prospect, or it can be a great fraud. It is possible that in the future it will be a good competition for ethereum.
200  Alternate cryptocurrencies / Altcoin Discussion / Re: Stable Coins Necessary? on: November 06, 2018, 05:52:19 AM
Stable coins are necessary, and not one, so that in the future you can switch to the use of cryptocurrency in everyday life. As long as there is an unstable market, we cannot expect new users who do not want risks, but are ready to be consumers.
Yes, stable coins are very convenient and practical when working with cryptocurrency. These are practically auxiliary coins that are not used for profit, but very well help other cryptocurrency users in this. Stable coins are very good for use as a buffer and a sump.
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