Sia is utility token and if its price will be too high its very bad for system. If I remember right to create account in system to start storage you need 2000 sia coins( this was in the middle of the last year) this is very high price now to start working.
Yes, people wishing price of coins rise, speculators, often overlook that may not be so great for the platform for users. Short term gain over long term viability.
|
|
|
What are the requirements? I would say ideal cryptocurrency should be fast, near 0 fees and stable in price.
But I dont care much about decentralisation, so have missed that out. Many are more interested in making money so price volatility would not concern them.
Techincally speaking, if you want something fast, low fee and decentralised you probably need to make it genuinely peer to peer, remove the blockchain from the client. A distributed blockchain with common access. I could see something like a coin that exists on one of the storage crypto frameworks being ideal.
|
|
|
Are they considering their own cryptocurrency, researching cryptocurrencies or researching blockchain technology?
I know that in UK Bank of England is doing the last, not the first, and has ruled out the first.
|
|
|
As I understand it - the tokensale will continue until Tuesday, and the bounty campaign- until the 18th Feb. Crazy sale for the project, which until recently many considered a scam; D; D; D. Just because it raised lots, it does not mean it is not a scam, only means its been successful in raising money. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Delivery will determine the scam/non-scam status. I dont think its a scam though I do have reservations that it will perform long term as the notion for building a shipping mini data centres sounds capital intensive with low margins as mining difficulty rises. Its basically more expensive to make, support and ship small mobile mining units than build a static mining operation, will low energy cost offset that?
|
|
|
I can understand if there's some major FUD going on about Bitcoin and it drops.
But other coins dropping at the exact same time, to the minute, is fucking confusing.
It's just not possible for the whole market to go up and down at the same time. It's just not unless someone is controlling everything. Why is it not possible? It happens regularly in other markets, why shouldn't it happen in crypto? What you have to remember is that people simply holding, so not selling or buying, will lead to prices weakening as there isnt the demand to pick up those taking profits.
|
|
|
I think its a good base project, but the ICO is asking for a lot of cash. They'll be spending a lot of that cash on buying users apparently, not sustainable for long term.
|
|
|
Plagiarism, false claims... should go top ten on release ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
I have a question in regards to this situation, i am not for or against Tron at this point, but after reading this thread i went to Justin Sun Twitter. On Twitter he claims within the last 2 days , Jan 11 -coming partnership with space innovation company, Jan 11- a new senior developer from Alibaba joins Tron, Jan 12- Zhang Anwen (Evan)banking security technical expert? joins Tron, Jan13- gaining Japanese Govt approval is coming to list on several Japanese exchanges.
I am interested in what the anti Tron people have to say, wondering if this is suggested to be lies, or is this new news. If its genuine i am interested in Tron, if its lies then i am not. I would have thought it genuine as its hard to lie about these things publicly , but i have been naive before and probably will be again, but i hope not. I wait to see what the critics think , to help me form an opinion.
Thanks
Tron should focus on getting off the ground before getting into space. You're easily pleased they are getting developers and experts in now month after launch, normally you build the team then ICO. This shows he doesn't have a team, he has a barrel load of cash and now building the team. Go look at the github, only handful of contributors, little activity.
|
|
|
Lets be real about a couple of those counter arguements. - Tron does not have a product, nothing is released. That in itself isnt normally an issue for such a young org, so why claim otherwise? You doth protest too much. A design is not a product. More damning is commentary on the state of the GitHub that its code stubs, placeholders, and the dev team didn't start it until Dec (who are all those guys in the team and what they do before launch?) - Plagiarism isn't justified by excuse of an "English translation" which was published by Tron. Publish it, you own it, accept responsibility for it. Being new company is no excuse, supposed to get white paper and prototype/poc done before asking for money. Kinda the point, its the pseudo-prospectus. - TRX share sale, doesn't really matter if Sun himself or other investor sold, selling off such a massive holding is a not good. In normal markets that would be seen as a large red flag, sign of low confidence. - I know nothing of Peiwo, though getting raised highlights Sun has two major projects to manage, where is his focus?
If this is the defence for Tron, it just makes it look worse. The defence will be delivery of the promised systems, why spend so much effort on presentation?
|
|
|
I am confident about Litecoin's future. Its part of the old guard and one of the few coins actually used as currency, rather than speculation. I know of people that use it for purchases, and more so than Bitcoin with its fees, its also available on Coinbase for fiat, so its really one of the major coins. When crypto crashes, Litecoin will be one of the survivors.
|
|
|
An interesting project with substantial potential, though a bit concerned on the target for ICO. nearly $250m! Thats a big ask and a lot to live up to, and an opening ~$750m market cap how much room to grow is there (short term at least)?
The proceeds of the sale will go 30% on operations and 40% on interconnection development. That suggests technology doesnt yet exist, so the promises of the ICo may not be technically deliverable.
Another significant concern is that there is an existing operator called Mobilink, and this gives a legal exposure to IP infringement, and raises a worry about the extent of research the team have done.
|
|
|
You should know that it will be VERY hard, specially because most governments, and the giant ones like the US are trying to do as much as they can in order to regulate bitcoin, ico's, and whatever the fuck they want. Do you have evidence for this? Because I don't see any activity from regulators in US or other other major Western nations, talk of regulation from Japan/Korea, and targets regulation of ICO from China. They have had years to act and done nothing. And would some regulation, especially ICO, necessarily be a bad thing?
|
|
|
I know the price difference is huge, but why do we blame them, it is the market that decide it As long as there are people who are willing to pay for it, nothing matters right. As I know that is how market work just finding the balance between supply and demand
It was not representative of supply and demand though. Firstly the Korean exchanges represent only the local supply/demand and as there's little to no arbitrage, that isn't dispersed to other markets. Its a distortion, 25-50% variation shouldn't happen in one market is there is a genuine, efficient market. Secondly, the cause of this is apparently 0 fees on exchanges that allow wash trades, buying and selling the same asset to create false price.
|
|
|
I thought this one was the reason why btc fall because it turned out to be fake news. Any idea why btc fall then?
Because of this news. It's not strictly "fake", just misreported, and in any case a story doesn't have to be true to cause a sell off. When you have no fundamentals and only technical analysis and sentiment to guide trading, any rumor or news has a substantial impact.
|
|
|
what matters is how people are going to use bitcoin and so far it has been a currency apart from last 2 months and hopefully this changes back to normal low fee transactions soon too. Last two months? What happened in only the last two months that didnt before? Certainly holding Bitcoin, speculative trading have been going on since years ago. What hasn't happened much is use as currency to buy goods and services, i dont know the amounts, but i'd bet a Dogecoin less than single digit proportion of Bitcoin transactions have been for buying something. Its an asset, the dreams of Satoshi disappeared aloooong time ago.
|
|
|
Whats a good alternative to MEW? Metamask is obvious no2, but i dont like it for various aesthetic reasons and it doesnt seem to show stuff easily. Maybe i need to give it more of a chance, but really want a straight forward local app.
|
|
|
TRON have conceived a great idea and now they are simply doomed to success. I think they will succeed.
Its not even an original idea, theres a number of other projects - some with code in the field - that offer similar. There may be an idea at its heart to be different from those others, but theres now a massive weight of expectation. Should have built a product and team first, not sold a dream.
|
|
|
Tron was said to be a scam, their white paper was plagiarism, etcetera etcetera. But it's hard to believe that someone who already has a name in this technology would do something like this. And someone like Jack Ma would not back a fraud. It looks like Tron has a great market and will be successful in the near future. It's hard to believe they didn't have a github repository until Dec 1, months after ICO, but there you are. The white paper has been pulled from their site now, but the evidence is out there, the plagiarism is explained away as being due to translators.
|
|
|
If i understand how this works (and if not i may be creating a new model), the blockchain is held locally and validated by remote. If every transaction has two components, the payment itself and the broadcast that its occurred, then a reply from at least n nodes they have received/confirmed the transaction with a signature, then this all goes into the local block. next transaction there is a certified chain in the local block with every block signed, you only need to verify on the network that the signatures are genuine.
Or something like that. Would need a lot of testing to validate algorithm and may have a problem with equivalent of 50% attack need to ensure the size for n validator nodes is sufficiently large to prevent fraudulent authorisations, but not actually half the network or anywhere near as otherwise speed and size of the block would be substantial.
Or maybe Raiblocks is completely different. Is there a diagram of their process flow?
|
|
|
Read what it says not what you want to say. It says he'll be researching crypto, this means he'll assess if and where it may be an advantage to his platform. It does not mean he plans to adopt crypto currency and certainly doesnt mean bitcoin will be involved if they do.
He's saying something that Wall Street will be interested to hear. That is a good story for crypto because it means its becoming part of the standard landscape.
Realistically if they adopt a crypto it would be their own. It would probably not really be a crypto, because they can distribute their own currency for thier platform anyway - dont they already do this? So they'll fudge something together, release it as ICO to great fanfair while raising a bunch of cash. doubles all round.
|
|
|
|