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The importance of ethereum is what is making it more popular. The most important is the smart contract which makes it easily accepted as a medium of payment and exchange by most coin during ICOS.
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I will advice newbies to start with bounties because of the risk involved in trading crypto. But if you have the experience, it is better to trade than concentrating on bounties because most bounties these days doesn't really worth it.
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The market is for those that have proper understanding of the way the market works because the market is a volatile one and such market brings high risk. With this, I always advice people to make sure they have adequate knowledge of the market before investing in cryptocurrency.
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It might happen in the nearest future if you study the history of trade and money. The Genesis was trade by barter and later we had cash as also there will still be revolution in the industry considering the clamour for cashless economy. Who know crypto might take over.
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This is not true because we have so many coins which the prices didn't dump and bounty participants also dump. So many factors behind the cause of price dump. Most of those coins doesn't have clear cut usecase which can help make the demand for such coin to increase because increase in demand translate to increase in price.
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There is no certainty as per the cryptocyrrency market. What I know is that apart from the forces of demand and supply that influences the market, some other monetary factors can also cause the market to swing up or down. If such monetary factor comes into play, the market can witness a bull run and if such doesn't happen, we will only be seeing little movement up and down.
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It is true that crypto money is becoming more popular with the increasing number of cryptos but I think what the crypto market is a bit of regulations. I believe regulation will help more in promoting cryptocurrencies.
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As you can read in the subject, I'm thinking of making a team for developing games. As of right now, I've started learning Unity game engine (my choice, does not have to be a standard) and I have a few ideas of simple but fun to play ones.
Not looking strictly for people to hire, this would be mostly like a freelance, free time "job". We'd be taking it slow and steady to see how it goes.
I'd be leading the team and projects but everyone can pitch in their opinion and we can vote on hat projects we will be doing.
Here are some points I'd like to put out:
- Games would be simple and mostly time killers. Examples: Flappy bird, 100 balls, pong variations,etc.. Everyone can pitch in.
- I'd prefer unity since everything is, pretty much, automised from publishing to ads and whatnot.
- Everyone would be given a segment to complete without any rush
- if there's any money to be made, it would be distributed equally. Divided by the number of people working on it and maybe 10% would be taken for advertising.
- There will be a discord and telegram group for easier communication
This is everything shortened, I'd be going into more detail once we're assembled and will explain more to those who are interested. Tho, I'm thinking of starting a telegram and discord group asap so everyone who's interested can join in there. Also, if someone's interested feel free to pm me here as well. Thanks.
Once again, this will be more of aside project, everyone will be doing at their own pace without rushing. If things go well, we can start it officially. Looking forward to pms and feel free to post a comment.
Mods, sorry if I've posted in a wrong section, didn't really know where to post it. Will move the topic to overall marketplace or off-topic if needed to.
This is a very brilliant idea which you can work on. Idea they say rules the world, you can rule your world with this great idea. This is how great men that are leaders in different sectors started. I will be glad if i can be part of the marketing team because that is what i studied in school also with 15 years working experience |
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An area dedicated to discussing the differences of these two terms and the theories supporting them. I'm looking forward to an in-depth discussion on the subject! I've noticed that confusion between the two seems to come up quite a bit on the forum, and thought it may be reasonable to dedicate a thread on the matter. Pulled from a discussion in Wall Observer
Price-Deflation is what you are used to hearing about in Bitcoin. That term is used to describe the prices of goods/services as they decrease, because the value of Bitcoin goes up. Price-Inflation is the opposite. When prices of goods/services increase because the value of Bitcoin goes down. So, when dealing with Price-Inflation or Deflation, there is an inverse relationship of price and value, in regard to goods/services and Bitcoin. Example: As the Bitcoin price goes from $10 to $20, the prices of goods/services goes down from 20 BTC to 10 BTC. As the Bitcoin price goes from $20 to $10, the prices of goods/services goes from 10 BTC to 20 BTC! Why does the price of Bitcoin go up and down? The price of BTC goes up and down based on the exchange rate, or market price, which is set by buyers and sellers, or traders. They directly trade the Bitcoin currency with all sorts of other currency, and even some with gold; the most popular being the USD (US dollar). They set the price when executing orders to buy or sell. I will get into the actual reason of why the price fluctuates in the last section.
Now that we've gone over PRICE Inflation and Deflation (which honestly, to me, is a term made popular by Keynesian's to hide the real facts, as price inflation/deflation is simply the market exchange rate, reflective of the money supply into a currency from itself and other currencies), let's go over the REAL inflation/deflation of a currency (otherwise known by many as Monetary Inflation). MoneySupply-Inflation is when the value of Bitcoin decreases when the total supply of Bitcoin increases. In our current state, this is at a generation rate of 25 BTC every 10 minutes. MoneySupply-Deflation will essentially never occur. It is when the value of Bitcoin increases when the total supply of Bitcoin decreases. This may happen, say, when someone loses their private key and all the BTC associated with it are lost. This effectively "makes the rest of us richer". That being said, there is a SET DECREASE in the generation rate of BTC, so you have sort of a "deflationary effect" in the value, as long as more exchange occurs for BTC at a rate which is faster than that set generation rate. When all 21 million coins are produced, the MoneySupply will be neutral, and the value will continue to increase (prices will decrease, consequently), as long as people continue to exchange in BTC. This leads me to the last section.
What determines the PRICE of Bitcoin? The VALUE of Bitcoin at a particular moment. What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy. What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies. Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin. We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency. Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency. On a side note, most of the big Market Makers (FX Traders) use this price movement as a way to make a profitable living, as well. Especially when price fluctuations are a consequence of hype or fear (bubbles, cliffs), not factual supply/demand data, and are wildly out of the real price range. Thus, if you analyze the proper macroeconomic data in an attempt to forecast future DEMAND for more Bitcoin (price increase), you will realize some very interesting things, and have a more accurate picture of where the price is going... Happy trading!  The keynesian school of thought postulated that money supply has complex and great influence on inflation. Keynes himself proposed that inflation was caused in a number of different ways: 1) DEMAND OUTSTRIPPING SUPPLY: This further confirm the law of demand and supply which show an inverse relationship between price and supply and a positive relationship between demand and price. 2) INFLATION BEING BUILT IN A SYSTEM: Keynes acknowledge this because in most developing economies, this is done with the machinery of government just to make some people rich. 3) HIGHER COST PUSHING INFLATION HIGHER: Keynes also talked about higher cost incurred in production which can cause inflation to also go higher. A good example of this is multiple taxes which can jark up the price of the goods another one is high prices of raw materials. The Keynesian school of taught identified lots of reasons which i have highlighted some of it here. The school of taught is one of those school of taught in Economics which has helped in the development of economics to this level it is today and as such you can not talk on economics without mentioning The Keynesian School. |
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These days we have so many cryptocurrency projects coming on board which majority of it happens not to live up to the expectations of investors. Identifying the genuine and good ones to invest into is now becoming difficult. Here are some tips you can consider before choosing cryptocurrency project to invest into.
FIND THE ICOS
The first step is to figure out which initial coin offerings are coming up. With sites like ICOalert, developers have a place to list their upcoming pre-sale and public sale. They can also list other information like the soft cap, buy-in price and team profile. Intending investors can use sites like these to plan their entry, do research, and have their money ready to invest in the best events.
The popularity of ICOs is shooting through the roof with data supporting the hype.
“ICO Alert has seen our amount of unique daily users double every 2 to 4 weeks. The growth is incredible, and validates our view that the community wants an unfiltered list of ICOs. ICO Alert remains the only free-to-list ICO website and the only comprehensive list of active and upcoming ICOs, so we expect the growth to continue,” said Robert Finch, the founder of ICOAlert.
EVALUATE THE OPPORTUNITY
While the rare ICO captures the attention of investors and raises the cryptocurrency it requires, many will inevitably fail,. Studying the market is not complicated and gives one a good idea of how the coin will fare. This is why it is adviceable for intending investors to study the opportunities such ICO offers.
HOW UNIQUE IS THE IDEA OF SUCH ICO
There are millions of ways to use blockchain, and new ideas are cropping up every day. Currently, the market is not impressed with coins that simply recreate the “decentralized currency” model, nor should they be. Bitcoin was a revolutionary idea when it was first invented, but now all cryptocurrencies share its functionality. Look for something that puts a new spin on an old concept or seeks to accomplish something ambitious. If you see obscure or regurgitated language on the project’s website, stay away because it might be a scam.
DISTRIBUTION OF THE CURRENCY
The smart contract that manages the coin’s distribution has specific rules, like how much will be made available, to whom, when, and whether unsold coins will be “burned” (destroyed) or not. Typically, the scarcer a coin is in relation to its supply, the more it will fetch on the open market. Look for information on how many coins will be sold in the closed pre-sale (and what the bonus is for buying at that time), the ICO time window, and more.
EXCHANGE PLANS
The most bullish thing for any cryptocurrency is to be listed on an exchange. If a place like Coinbase, Bittrex or Kraken announces plans to list a coin that is still in its ICO phase, this is an excellent sign.
WHICH BLOCKCHAIN IS IT BUILT ON
New ICOs must be launched from an existing blockchain, unless they plan on building their own. The chain that the coin is built on determines which existing cryptocurrency one will use to participate in the ICO. A project using Ethereum’s blockchain will require Ether to purchase the new coin. Thus, at first it will be exchangeable only with Ethereum and no other cryptocurrencies. If it uses an obscure chain such as NEO, this could put a cap on price.
WHO IS ON THE TEAM
Look at the team’s composition for expertise and experience in the industry. Every real project will publish a short profile of each member, their history and individual role. A big team full of veterans is favorable.
ALL ABOUT THE ASSETS
The white paper is by far the most important determinant of a project’s seriousness. It should be comprehensive, thorough, and explain the technology and purpose of the coin well. Other assets can include videos, blog posts and other contributions from the team.
CHECK THE COMMUNITY
Lastly, the community is a crucial indicator of a cryptocurrency’s potential. Cryptocoins have followings that gather online on websites like Reddit and Bitcoin.org. Github is a great resource as well, and those who can read code can see get a glimpse of how well the project is programmed. Social media is less important, but can also be useful. The hype that a coin receives has a close relationship with its eventual price, because those talking about it are usually investors themselves. Beware of bounties however, a practice that crypto startups use to reward those who spread the good word. Form your own opinion and always take another’s with a grain of salt.
YOUR OWN VIEW AND OPINION IS ALSO WELCOME SO THAT WE CAN ALL LEARN MORE.
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The end of bounty hunting is not yet in sight
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There are so many ways in which the incoming of blockchain has impacted on banking and the world economy some of which are:
1. Power to the Dark Web:
Dark web is the section of the web that is not accessible through the search engine. What we are given access to is the surface web which is not even half of the existing internet. Dark web is accessible only through special software like Tor Browser which enables anonymous searching of the internet.
Dark web is the place where you can find assassins, weapons and a lot more illegal stuff. By using crypto currencies like Bitcoins people can make illegal transactions without giving any information about themselves. Cryptocurrencies like Bitcoins are a way to empower such transactions across the globe which will ultimately result in increased cyber crime.
2. Speculations:
As on 14th January 2015, Bitcoin was valued at $170 and as on 24th July 2017, it values at $2772. There have been many ups and downs in the value of Bitcoins and this scenario is likely to continue. Due to the extreme highs and lows BitCoins present a massive possibility for speculation. Just like trading in shares, trading in Bitcoins is massive and seeing the rise in traction around cryptocurrencies it is likely to grow further.
Another reason accounting to this is the increasing cost of investing in the stock markets. A share in Apple or Facebook can cost around $150 while Bitcoins can be bought in fractions at a price as low as one-tenth of a cent. This makes it an easy target for speculative gains.
3. Politicization of Money:
Earlier all the monetary transactions were enabled through central banks (directly or indirectly). Now, with the evolution of Bitcoins, the scenario has changed. The power that was vested in the governments and central banks is shifting to the masses. This revolutionary change in transaction handling has the power to change the economic structure. To bring security and enable scrutiny, central banks and financial institutions maintain a record of all the transactions undertaken by the people. Now with digital currencies, this economic power can be challenged by people. This has led to the creation of a new autonomous body which can facilitate transactions. Ultimately if adopted on a large scale, Bitcoins can lead to the politicization of money.
4. Apprehension among the Central Banks:
Bitcoin vs Dollar - Impact on the banking, finance and economy
There have been implications that Bitcoins can be used to secretly launder money outside the country. Central banks across the world have been wary of Bitcoins as an uncontrollable and unpredictable form of currency. Cryptocurrencies are leading to loopholes in the current bank’s data about the money transactions leading to inability to track economic activities. Crypto and Cyberspace has emerged as a power in itself thus bringing a check on the activities of the so powerful governments.
5. The Emergence of New Markets:
Cryptocurrencies have led to the emergence of new markets. Currencies like Bitcoin and Ethereum have opened gates for a new kind of market which unlike present money market is controlled by no one. Cyberspace will rise up as the managing body that will handle and maintain such disruptive markets. The near zero transaction cost (along with other characteristics) has made these currencies even superior to the traditional money we are accustomed to using. What can be surely stated is that it is just the beginning and the number of possibilities is endless.
Please drop your own view so that we can learn more. The vision is to lert everybody have proper understanding of cryptocurrency
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