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It looks like the premise for this site is quite similar to Medium or Steemit.
What's your strategy for differentiating your offering from the other mainstream alternatives available for publishers seeking to make some revenue from their writings today?
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Have you considered integrating this kind of idea with a digital identity system like Estonia's E-Residence program? They use private keys stored on secure physical cards - it could be a great fit with a job market solution, as it would be possible to accurately verify the identity of users and complete legally binding digital signatures all within the same system.
Yes! That came across us, as lot of EU countries have ID system digitized, especially Estonia and Latvia. Since I am in Latvia, then I am very familiar with those systems and we have advisers from government who developed them. When we will go into EU, we will for sure explore possibilities working with existing programs. We are planning to differentiate in long run categories, which will require extra verification, like example medical doctor, for those we will for sure implement e-residency system or something similar. Great, thanks for confirming! Sounds like a promising direction with some great opportunities for the next few years. And you're well placed to work on this, coming from Latvia too. |
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Have you considered integrating this kind of idea with a digital identity system like Estonia's E-Residence program? They use private keys stored on secure physical cards - it could be a great fit with a job market solution, as it would be possible to accurately verify the identity of users and complete legally binding digital signatures all within the same system.
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Whitepaper link: https://www.localtrade.io/whitepaper.pdfOur escrow system was designed and developed by our founder "Lite
Speed". We provide a reliable and high-performance escrow system to all
our users. This ensures our users can start a trade safely and complete
trades without a doubt or worry of being scammed.
When a trade is started, your funds will be held by us in a secure account.
These funds will be taken away from your active balance. This makes it
possible to open multiple trades with the remaining balance with other
traders.
How is this different to centralized exchanges available today (like LocalBitcoins)? AFAIK any time you want to provide escrow functionality for fiat this can't be done on the blockchain, it has to be done through the regular financial system. Therefore this "secure account" will be a centralized place where users need to trust localtrade to keep their funds safe. Could you explain any new innovations that localtrade provides here? |
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Ultimately it shouldn't matter whether you're a coward or not. Because investments should not be based on emotions. They should be based on a sound, rational plan that is thought out in advance and executed without thought of sentiment.
Easier said than done, of course. But if you think your investments are going poorly because you're a coward, then perhaps it's time to rethink your investment strategy overall.
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I would actually argue that high volatility is better for inexperienced investors, if they can keep their emotions under control.
In a very stable market where one trend prevails, if you pick the wrong trade then it could be many months or years before it reverses and allows your to recuperate your investment.
In a volatile market, it may return to its original price or even a profitable market position in a matter of days or weeks. So there's two ways of looking at anything :-)
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Also, there's no way a phone can be profitable for mining any valuable cryptocurrency these days.
So while it may be fun to play around with mobile mining apps, it should be done for pleasure and not with any expectation of profit.
The formula for making a profit with mining is pretty much the same for any currency: buy some dedicated hardware, and set it up in a location with cheap electricity.
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Interesting project. The whitepaper seems to indicate there's not much brand new about this cryptocurrency, except their plans for an SDK to allow easy integration between traditional merchants and the blockchain network. What seems most interesting to me is that they plan for this SDK to support all cryptocurrencies, not just SONDER. To quote the whitepaper: At the first stages Sonder will act as an independent project, but its ultimate goal
is the development of the API (application programming interface) and SDK (software
development kit) that are convenient for other projects. So, if the online-store owner
desires to connect a blockchain based wallet to his marketplace our API set and SDK
will help to apply these features with the maximum simplicity.
At the last time, tokens are given a choice primarily because of their security
options. But using diferent cryptocurrencies is sometimes restricted by necessity to
move it among the exchanges. There is no exchange, which provides ability to buy
all the cryptocurrencies in one place.
Sonder Platform will provide possibilities of making payments between
members in any existing cryptocurrency. Besides, due to technical features, free
token swap will be available. |
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Are you planning to create a brand new wallet from scratch, or maintain a fork of another popular open source wallet that already exists?
I'd be wary of installing something brand new with a small development team, so if possible I would suggest capitalizing on the open source options available to lend people increased trust in your wallet security.
Looks like a great idea though, all the best with the new coin development. I like the implementation of the Cryptonight algorithm.
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As some others have mentioned here, the team is arguably the most important component to consider when financially supporting a new cryptocurrency. Everyone has ideas for "the next big thing", but you're looking for a team who can reliably execute on that idea (not just create pretty marketing materials).
One of the other aspects to consider is whether they have only a roadmap, or already a proof of concept or beta version available. I tend to support projects that already have a working product, but are doing an ICO to raise more funds for improvements. This is more reliable than supporting a new project that has a 2-year roadmap but nothing to show for it yet.
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I'm a little confused about what this means. Should we create new pictures, with the number, and a random altcoin?
For example, the first post says "1 BTC Giveaway". Would a valid reply be an image showing "2 XMR"?
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What type of seed do you mean? Was it a seed for your wallet itself, or a seed for the 2FA method (such as Google Authenticator)?
The distinction is important. If you protected your wallet using some 2FA token as well, then you probably need both seeds. I'm not familiar with how older versions of Electrum may have implemented this protection, but if your wallet file is encrypted and needs the 2FA token to decrypt it, there may not be much chance to recover without having both.
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Bounties are simply investing time in an ICO, instead of investing money.
Either way you're still investing something in the future value of the project. It's just a matter of how you choose to make that investment.
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If you're interested in the technical details, it's also worth reading up on the Fido U2F standard: https://www.yubico.com/solutions/fido-u2f/This is basically the same technology principle that's used in the Ledger Nano S and Trezor devices. The private key never leaves the device, so it's impossible for a compromised computer (even with an internet connection) to steal that private key. The only thing the computer could do is send a malicious transaction to the device, which would then show an approval prompt so you could either approve or deny the transaction on the device itself. |
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Welcome! As Jet Cash mentioned, this forum is a little different to most because it has the concept of merit, and activity that grows over time with regular posting. I recommend searching the forum before posting, to see if the topic has been covered before. But otherwise don't worry too much about building points of various kinds - this will happen eventually over time. Most important is that people are polite and respectful to each other, and that everyone is able to share constructive comments to build up this great community. All the best, and hope to see more of your posts here soon  |
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Interesting project, thanks for sharing. Will you have any bounty program for community members to help contribute?
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I agree that there's an automatic mental desire to reach the higher ranks. But in reality, as others have said there's not a lot of reason you *need* to. Sure, there are a few extra features unlocked (like the signature styling options) and members might give you a bit more credibility. But as long as you're making high quality posts and engaging in a constructive discussion, the "rank" you've got doesn't actually matter as much as it might feel. At least, that's my 2 cents as a low-ranking member at the moment  |
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If somebody could get into your MEW with just the public address, they could also steal money from *any* public Ethereum address with the same method So treat this just like any other security best practices. Make sure there's no malware on your machine, and be careful where you put your private keys. Then you should be fine. |
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