I think you may have a problem with this concept because diamonds are not fungible. Dollar backed coins work because every dollar has the same value. This would also work for Gold, since one gram of gold is worth 1/10 of 10 grams of gold. But diamonds become exponentially more valuable as they become larger. A 10 carat diamond ranges between $167,200 and $ 2,245,100. A 1 carat Diamond ranges from $4,000 to $25,000 depending on cut, clarity and colour. Every Diamond is unique and therefore has a different value.
|
|
|
Ethereum is decentralised, Binance is centralised. People build useful things on the Ethereum blockchain. The only one building on the Binance Blockchain is Binance. Anytime you see anyone creating tokens on the Binance chain it is because it was a requirement for getting listed on the Binance Exchange.
|
|
|
Just like participating in an ICO you are at the mercy of the person running the project, if they are honest you can do ok, if they are not you will end up wasting your time and money. I prefer to put my trust in code and not in people that may decide they would rather keep everything for themselves rather than keep their promises.
|
|
|
If ICO's are no longer paying find something else to promote. ICO's promised a whole new way raise money for projects but they had a fatal flaw. They placed large sums of money in the hands of people who could choose to spend it prudently developing their project or just they could just blow it, or even worse just run away with all cash. The whole point of crypto was to take decisions about how your money is treated away from the hands of other people and placing your trust in code.
|
|
|
Found a work around. An application that let me purchase additional ram with another cryptocurrency. https://eos-account-creator.com/EOS still sucks. I had to use Ethereum to fix EOS flaws.
|
|
|
Have an EOS account that I created with the recommended amount of Ram and CPU. Tried to do my first EOS transaction and my tokens are stuck because I am caught in a RAM/CPU catch 22. Looking for any suggestions about how I can increase my RAM or CPU.
|
|
|
I would agree with Bitcoin and Ethereum but not Binance and EOS. Binance is utility token of a single company and not really decentralised and EOS over complicates something that should be moving toward a more user friendly model to drive wider adoption.
|
|
|
I expect that state actors will continue trying to make life difficult for Privacy Coins and use leverage that they have on regulated entities like exchanges to do it. Privacy coins will have to become much more self sufficient to survive. I think that the way forward might be something like Stegos which combines a privacy coin as well as nodes and a decentralised marketplace that exists on users smartphones. This sort of approach makes it near impossible for authorities to shut it down.
|
|
|
A great way to avoid not getting paid for your work is to deal with a reliable bounty manager and even better, work on coins already listed on a high quality exchange. I have been using KuCoinPlay and it has both those attributes. I have averaged $200 in earnings each month.
|
|
|
Not really a DEX in the truest sense but I used a new Exchange Protocol today that is in Beta called Uniswap. Nice interface and very quick and cheap swap.
|
|
|
Ethereum is a smart contract platform, BitcoinSV is just a Bitcoin fork. The two are not in any way comparable.
|
|
|
Lately I have been doing Bounties on KuCoinPlay. They have the advantage of not only having an automated reporting system but also you know every Bounty you get you will be able to monetise since every coin they do is already trading on KuCoin Exchange. It is nice to know that your efforts will produce a reward.
|
|
|
The UK has always taken a different path to regulation than the US. American Financial services regulation is rules based where as the UK has a more principles based regulatory approach. Don't be fooled that just because the UK does not have specific rules that they are leaving things unregulated. If they see something they don't like that violates the principles of prudent financial services regulation they will act.
|
|
|
Stablecoins have their role as a safe harbour during times of volatility or when you want to send money without risking a price fluctuation. For example the contest just launched by KuCoinPlay is paying the prizes in USDT because they don't want the value of the prize to fluctuate.
|
|
|
It has gotten very difficult to make money from bounties, the one recent bright spot is KuCoinPlay. They are a site that was set up by the exchange KuCoin to help promote the coins on its exchange. I have been averaging $200 a month while they have been in Beta by doing a few simple social media tasks. The best part is that you get paid coins that are already listed on an exchange.
|
|
|
In your list, I see ETH is the best altcoin and all the other altcoins cannot compare to ETH, which is too different. So in 2020 I believe that ETH will be the altcoin with the highest chance of pumping with upcoming events like ETH 2.0. The price of ETH is currently stable at $ 143 and if ETH can surpass $ 150 then surely we will see ETH reach the price of $ 200 very soon.
I agree that the great catalyst for Ethereum will be if they finally deliver on the promise of switching to PoS. If they can deliver they will likely outperform all the other major platforms.
|
|
|
Will 2020 be the year Ethereum asserts it's dominance in the Altcoin space or are one of the contenders poised to take the Altcoin crown?
|
|
|
Markets are driven by fear and greed and armed conflict has always been a great contributor for driving up the fear. The danger of the conflict between Iran and the US have faded but the pump in Bitcoin has not. I think on this occasion the drone strike and subsequent retaliation broke the previous cycle that was bearish and has allowed the market to switch to a bullish phase.
|
|
|
I know that the Forum has a rule against posting referral links but if I was bidding for your signature could I include a referral link in my ad?
|
|
|
I think that it is unlikely that we will ever see a return to the heady days of 2017. Going forward I expect that cryptocurrency will continue to grow its use case and eventually it will become so compelling that the regulators start to stop fearing it. The future will be led by consumers adopting it, not corporations or regulators, they will only follow when they accept that distributed ledgers have more utility than danger. I don't see any massive systemic bull market and just slow progress based on actual use.
|
|
|
|