Take a look at this, you must think that the OP is doing a promotion. Quite a lot of discussion about DX on the thread made. https://bitcointalk.org/index.php?action=profile;threads;u=2161267;sa=showPosts
Trading is an attempt to get profit, whether you will do it in the long or short term. That is up to you, but there are things that must be considered for holding a coin for a long time. Check history and make sure the trading volume is high. That might be useful. Thank you for your concern. I am a supporter of good projects. So, I like to talk about them in my own way. But for this topic, I really need advice as I'm about making a decision that will determine my fate in cryptospace. |
|
|
|
Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. and you think that's enough to be successful? i would recommend you to let the trading stay. if then at most with small amounts and as a hobby but not with the prospect of big profits.  It often appear to me like i do not have the luck when it comes to trading. But thanks for the advice.
I think this really depends on the type of person and your circunstances, available time, pacience, etc
I am also not that type and funny thing is that a friend of mine also openend my eyes about how you can mutiply the number of coins you hold doing some day trading...
but I tend to always go against the flow and just accepted that I am a natural holder... not a trader...
you always need a bit of both, but one is stronger in each person
I thought I was the only one stuck in this. You've got same style as mine. Thanks for the advice. |
|
|
|
It sounds like I have more interest in the project since I got to know about it. I read extensively about the whole concept and picked so much interest in it hence I decided to make it larger part of my portfolio which is why I want to be sure I'm making the right decision. The worst thing that can happen to one in this cryptospace is to lean on his intelligent only.
|
|
|
|
|
Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.
13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.
Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and AWC could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.
|
|
|
|
|
Basically, 90 of hodlers would buy to trade. Just what I have witnessed overtime.
|
|
|
|
Yes, storing information on the network is a big problem of the society in which we live, an example of posting data on the blockchain is not yet a guarantee of deviation, technologies are developing, and everything that happens on the network is constantly being analyzed, unfortunately this cannot be avoided
Does that connote that, even blockchain-based social media can still be found in such regard? Especially ones staying away completely from having users information.
The day we learn how to use the social media our privacy’s are already violated, whether we like it or not. The challenge now is how to prevent this not to happen again. I believe blockchain is the key to solve this issues and could also protect the future generations.
Hahaha, that first statement got me Lol.  . Actually, Blockchain-based platforms like VID, Appics others, have got good proposals to bring an end to it and have begun the movement. VID especially taking the lead. I await the launch to see full features. |
|
|
|
Since the Bitcoin network started on January 2009, many other cryptocurrencies have emerged. The most popular consensus protocols are still based on the idea from Nakamoto either Proof of Work (PoW) or Proof of Stake (PoS). However, the consensus based protocol by Nakamoto uses a huge amount of computational power to maintain the blockchain itself but does not provide useful work for the community. However, there are only a few cryptocurrencies that really use PoW- Plasma uses the MapReduce idea to distribute computational tasks from the main chain to its
side chains; doing this could decrease transaction latency and increase process throughput. - Morpheo is another platform that supports machine learning computations. It is made up of four different parts: 1) a local client running on data provider machines; 2) a cloud storage; 3) cloud computation resources and 4) a private blockchain network. This system uses cloud computation resources to create a trustworthy environment; therefore, it protects the privacy of the data and avoids the verification of the correctness of the computation. However, this ultimately is a centralized system of computation.
- Golem is another platform that provides supercomputer services. Golem builds a transaction framework on top of Ethereum and the code is executed in the sandbox. The end users will publish the code into the community, in which validators that review the codes approve and rate the transaction model. Unfortunately, there are no existing solutions in the market to provide a decentralized parallel-computing environment that supports big data and machine learning.
- DxChain Network incorporates Hadoop with blockchain to fill the different gaps created by all the above. DxChain Network, using blend of algorithms (PoW, PoST (Proof Of SpaceTime) and a proposed DPoS as a plug-in) is envisaged as a comprehensive platform that provides data storage, data exchange and big data computation for the data in the system. The architecture of DxChain Network is adapted from the IPFS, Hadoop HDFS, GFS, FileCoin, IOTA, IoTeX, Plasma, TrueBit, morpheo and Golem. The entire system is designed based on the principle of incentivization, which means that miners can maximize the utilization of unused storage resources and facilitate decentralized big data computations with lower costs and much conveniences
The question as to which is better could be answered from the explanations but I'd love to hear opinions that may be different from what I have in mind.
|
|
|
|
While searching, I bumped on this article https://medium.com/vid-foundation/the-great-hack-e8a2795d9da0 written by and posted on @Vid-foundation on medium. At first, I skipped but I couldn't skip on ignoring the word "hack". So, I head on to watch #TheGreatHack on @Netflix. There I drew my conclusion on the fact that social media are just sort of privacy-mongers. To understand better, please take a watch following the link I posted above. The attention of the VID itself -being a video-centric media restraining itself from having users' information in custody is a topic for another day. But for now, I'm taking two days off filtering all of my personal infos on traditional social media. I'm disheartened. |
|
|
|
Thank you for the eye opener. I really appreciate your contribution. But if a project isn't blockchain oriented, it can as well have a testnet, beta and mainnet. Am I correct?
. Absolutely no, there is no reason for a non-blockchain oriented project to have testnet, beta, and mainnet. Why so? because a non-blockchain oriented project focused on using blockchain technology as a utility while testnet is used for testing the capability of the blockchain itself. what I mean is, testnet created to test the capability of the blockchain whether it meets its minimum requirement or something else while a non-blockchain oriented project is focused on the use of the token/coin. Now i get the gist. If i could explain better, "a dApp such as Karma built on EOS blockchain didn't have testnet nor did they talk about mainnet but EOS itself had testnet, beta before it moved finally to its mainnet. Hence, Dxchain Network is a blockchain just as EOS but with different focus and capacity. |
|
|
|
You understand that blockchain is an implementation of a certain idea. That is, the idea first appears, only then they launch the mainnet.
Only after the launch it becomes clear how well the idea works, but as a rule, projects first publish the idea and raise funds for its implementation.
I got that. Thanks for the headstart. |
|
|
|
I wrote an article recently about NRG and their growth over the last couple of months, now they have just broken into the top 50 tops on CoinMarketCap. They had no ICO have been in operation for 18 months and seem to be killing it. Also they will be having another airdrop in the foreseeable future, if the token keeps growing it could be a very valuable airdrop. The article i wrote is in the link below. https://www.publish0x.com/interesting-crypto-projects/nrg-has-increased-over-350-last-30-days-what-energi-xdneer?a=GELe3POa69What do you think about Energi? and their coin NRG? You can visit their website on the link below. https://www.energi.worldAlso i would check out the blogging platform i wrote the article on, it's a way to earn crypto for free. They have over 14,000 signups already and I think they will overtake steemit this year. You can sign up for free through the blog link. Hope to see you there! What is the use case for this token? Or just a mere speculative token gaining traction? I need to know what I'm investing on? Sounds good. |
|
|
|
The biggest mistakes developers make that leads to bad ending for many projects are
1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
The competitive environment is a big deal for projects with all of which you listed up there. Many have ideas but coming out to see that someone has just implemented their concealed idea is a knockout already hence they just put up something to make few bucks. |
|
|
|
Try not to be beguiled, there is cash to be make in promoting bounty projects ,the individuals who make colossal cash will never express an announcement about it, don't leave since individuals reveal to you they aren't paying because i still find out today that many bounty hunters still don't know what they are doing when choosing projects to promote, they are still choosing projects blindly and don't depend on a solitary tasks either but the most important is not to get deceived by inexperienced bounty hunters cos they will always have bad news to share about bounties
Lol that's funny. I do bounty a lot however, I would do a little research on the project I want to blog about cos I'm very concerned about what I am trying to make people get into so I don't be a ladder to others' loss. Meanwhile, I still think it's an ignorance thing for those who do bring bas news. More don't even know what they're getting into. |
|
|
|
Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.
I also think complete ignorance is a big factor as well where user have no prior knowledge or understanding of how blockchain works in general. They just hopped into traps and get stuck in it. |
|
|
|
A cryptocurrency having its own unique blockchain's definitely a plus, but that should be a second priority until the crypto's able to fulfill its goals first, unless having a blockchain's vital to the crypto's success in the first place.
It's true that some coins seemingly exist for no reason and are perhaps the result of uninformed investors, but the number of poorly informed investors in crypto has been declining since the peak of the ICO craze in 2017 and early 2018. Things have certainly changed now, and it's much harder for coins to gain massive valuations nowadays without actually having a reasonable use-case that's already implemented. No project should advertise simply having a blockchain as being something positive without highlighting other parts of their platform.
The ICO craze indeed a revolution to crypto turnaround. |
|
|
|
Quite good to see you have great deal of understanding of what blockchain entails. To answer your question, one of the projects i said is Ethplode and few others i don't have in my head. Also, don't you think mainnet is fundamental just as important you said it is?
Well Ethplode is just a deflationary project and its use case is deflationary itself, I won't consider this as a "real project" because it does not have any reason to exist other than being speculative and it does not need mainnet at all. About mainnet, it is important if the project aims to be an independent project and solve an existing problem that happened with other blockchains. What I mean is the project wants to solve what other blockchains are not able to solve, for example ETH. It has a problem with their scalability, and a mainnet is very important because if you want to solve what ETH is not able to solve you need to have an independent blockchain and fix the scalability issue. That is why mainnet is important. on the other hand, if the project aims to solve other stuff(buying/selling real estate, and else [not related to the blockchain itself]). Mainnet is not necessary because they can use other platforms/daps to execute the order. Thank you for the eye opener. I really appreciate your contribution. But if a project isn't blockchain oriented, it can as well have a testnet, beta and mainnet. Am I correct?
Why not? Every token that is based on other coins blockchain is a piece of technology as well, in other words smart contract is a representation of blockchain technology on the same level as a coin that operates on its own.
Dxchain isn't dependent on other blockchain to operate as it think because it runs a self VM on which smart contract operates and it is interoperable with EVM as stated in article released on Godx on http://Https://blog.dxchain.com
So youre saying if they are in eth network side they are not blockchain? Unless the project launches their own? What do you called the erc20 of eth network. I'm pretty sure the definition of blckchain accomodates their platform 100%. Mainnet is done, if they can release their oan blockchain, but it doesnt really mean if they are using major platform such as ethc neo and others the cryptocurrency isn't blockchain anymore. They just depending on it for sometime but it is blockchain related.
I think networks such as Ethereum, NEO, EOS, TRON and the likes are blockchain-as-a-service which mean that other projects can run on them since they deal with a particular service. ERC 20 is a token standard on ETH network and such others like ERC 721, etc Dxchain Network is a blockchain offering services but with one token standard and not dependent on ETH network to operate. So this is a clear difference.You're right with the last statement.
Are you trying to differentiate between testnet and mainnet? well before every new project gets fully ready for the public they are always in the testnet mode, to be sure their is no bugs in the system and all is up and running, few projects runs in testnet for many months for gradual development, this is so normal and once its ready for launch they go mainnet
It's better to call OP is trying to differentiate coin and asset rather than try to use testnet and mainnet context because that refers to the protocol. It's not always a testnet mode but you must use the main role of the coin itself. Some may need to be assets and another will be a coin with its own blockchain. In this context to call asset is not real blockchain technology is really wrong because it's still used blockchain as the pegged platform. I'm trying to get it clear here. I'll appreciate if you shed more light to it. And if we can call platforms like Dxchain, Morpheuslabs, BLOC Platform and the likes an independent blockchain platform/technology.
Mainnet is most times the core tech or developmental stage of most projects.. If a product has not reached its mainnet, it might be believed that it is still a demo, therefore, there is nothing yet to show how legit or real it is. Also, to find the real use of a product, then use its mainnet. So, in respect of whether it is real or not, it might be true.
It mean a mainnet at least shows how genuine a project is to a large extent? |
|
|
|
Yes and No, Before we are talking about it, can you tell me which project it is? the non-whitepaper or one-page WP, no vision but mere speculative cryptos, yet they've got crazily huge market capitalization If we are talking about perception, the real blockchain technology has a vast meaning. some people say it can be considered as a real blockchain technology if they are using an independent blockchain just like you, and some others say it can be considered as a real blockchain technology if the project is created based on the blockchain itself and has its own usability(in this case, the meaning of "real blockchain technology" lies on utility and usability. personally speaking I do not really care what platform or blockchain it uses, but what I care is the problem they solve. If they are able to meet their target and goal even if they do not have their own blockchain I would say they are a real blockchain technology because they have a real use case. I do not believe in mainnet is fundamental because every project has a different goal if they want to have an independent blockchain. Mainnet is important, but if they do not then it is unimportant. Quite good to see you have great deal of understanding of what blockchain entails. To answer your question, one of the projects i said is Ethplode and few others i don't have in my head. Also, don't you think mainnet is fundamental just as important you said it is?
The project is real. And its blockchains (testnet and mainnet) are real. They just have different goals. On the testnet blockchain, the developer tests and debugs his decisions and developments. And the mainnet blockchain serves for the real work of the project.
Therefore, the launch of the mainnet is a big event for the project, and in this case, we can say that the project began real work on a real blockchain.
Oh good! This is an indication that the mainnet is very vital, fundamental and neccesary for the project to complete. Thanks for the enlightenment.
Are you trying to differentiate between testnet and mainnet? well before every new project gets fully ready for the public they are always in the testnet mode, to be sure their is no bugs in the system and all is up and running, few projects runs in testnet for many months for gradual development, this is so normal and once its ready for launch they go mainnet
Oh that's great to read from you. i get it now. Many thanks. |
|
|
|
 Recently, a project I have been following closely - DxchainNetwork completed her mainnet alpha announced on the 8th of October 2019 https://blog.dxchain.com/3-things-need-to-know-about-dxchain-mainnet-alpha/. From the released announcement, the below was quoted: It is well known that mainnet is the fundamental of a blockchain project, cryptocurrency is not a real blockchain technology until the Mainnet launch. Any concepts, ideas or theories are unrealizable. DxChain has been committed to building a secure and efficient decentralized big data storage and computing network from the beginning. The construction, development and performance of DxChain network are what DxChain engineers caring about.
I have seen some presuppose projects with no Whitepaper or one-page WP, no vision but mere speculative cryptos, yet they've got crazily huge market capitalization at the expense of ones with real use cases. I think, in my opinion that this is due to the fact that many are either uninformed or people just don't have interest in what seems solving their actual problem. I really want to know if until mainnet, a crypto project is not real. |
|
|
|
So what it means is that traditional cloud storage are just for storage of data, with a centralized server with hard disks to store your data. In DxBox, the storage is not on a central server, rather like blockchain, it is distributed through nodes (computers) that are part of the network. It means that the hard drives used are those of like the miners who generate blocks for the blockchain, only this time knstead of transactions, it stores your data. That sounds unsecure, but there's cryptography for a purpose.
The advantage I can see in this scenario is that the server would most likely not be down since all cloud files are stored in every node. However, speed could be affected since not all nodes use the same hard drive and internet connection.
You seem to have good understanding of how blockchain works relative to the purpose it is meant for. But have you consider the different protocol algorithm used in securing the data, achieving consensus etc? These are what formed the strength and security part of the network. |
|
|
|
|
Show Posts
