The idea behind deflation coin to be successful is 1) The coin should be useful 2)it should have a decreasing supply -normally this is due to coins being burnt As a result the coin values would increase over time One such defi system built over defi system is being developed. I am curious to see could this become a safety mechanism in the defi space? So I am following the following project to see how things shape Token Name: Deflationary Finance Token Symbol: DeFi Initial Total Supply: 30,000 Token Characteristics: Deflationary ERC-20 Token Website: https://deflationary.finance/https://twitter.com/DeflationaryFinhttps://t.me/deflationaryfinanceToken Contract Address: https://etherscan.io/token/0xa73d6348fbc57913574081868175ba0028f38a47The idea is novel and interesting My ERC-20 address : 0xd0c84e8aB39881b6BbEE1896fC713ed06392BCdE What's the core value Propostion of a defi crypto currency? I know deflationary trend is not a good thing in economic science, as it decrease price. If it's has deflation principle that shows supply of the coin will be more than the demand. This cannot go well. |
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I was going through this article Brief summary of MASS: a new blockchain consensus engine. MASS is utlizing PoC consensus algorithm and this consensus algorithm has so much to offer, probably thats the reason why MASS token is doing good even in current bearish market. MASS believes that a more advanced consensus algorithm is the solution to promote the mass adoption of blockchain technology and realizing the vision of network decentralization. A consensus algorithm that is more democratic, fair, energy-efficient, safe, highly scalable and universal. Based on this vision, the MASS community has developed the MASS proof-of-capacity consensus protocol. The MASS proof-of-capacity consensus protocol has many advantages; there are low barriers of entry, and its permissionless, with a 51% Byzantine fault tolerance, natural decentralization, and parallel support for multiple blockchains. SOURCEThis article reminds me of this 'every technology we see today is subject to innovation and disruption. The MASS consensus engine called PoC is obviously superior than the bitcoin Pow consusus algorithm. However, PoW has been in use for a long time, PoC is yet to be popular. As such we cannot conclude which is superior yet. |
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The EurBit ( eurbit.money) project is ready to save your startup preparing for the ICO from a lot of expenses connected with its organization and implementation. In particular, you do not have to spend your own money on a bounty campaign (we will conduct it for you for free). You will not have to spend money on paying for the platform services for the ICO. You will not have to spend money on listing your tokens on exchanges and on creating your own fiat exchanger (we will also do this for you for free). We will find investors for your project for free and we practically guarantee you the achievement of a soft cap. We will help you to solve some legal problems associated with registration in jurisdictions and with the legalization of your token. And it also will be for free for you. We will add thousands of other modes of application to your token and we guarantee it unique consumer properties that no one else on the market has. We prefer to discuss the cooperation terms by email cooperation@eurbit.moneyP.S. Huge request - only senior members of project teams preparing for the ICO or people looking for investments in another way should write to us. We will help you much better than venture investors and banks. Our investments do not need to be returned and there is no need to give a share in the project for them. Intermediaries and just curious people (not startups), as well as initially fraudulent projects - please do not disturb us. I so much like to read this bold offer. I really want to be clear about your offer. Do you mean, you render all the above services all for free? If yes, I want to know how your revenue model work? How are you able to sustain the business? |
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Privacy King Monero (XMR) Hits New All-Time High for Transactions Despite Bounty Contracts Privacy-focused cryptocurrency, Monero (XMR) is seeing increased usage, despite an increased effort by regulators to trace transactions on the network.
Data from BitInfoCharts shows that on October 1, Monero (XMR) hit a new all-time high for transactions in a 7-day period. The number of transactions on Monero for the previous seven-days which ended on Oct. 1 was over 15,200 transactions.
The previous all-time high of 14.5k transactions was recorded on September 2, continuing a trend of increased usage of the privacy coin within the first three days of a new month. https://coinfomania.com/monero-xmr-transfers-hit-ath-despite-irs-contracts/Wait is your take on this? Despite government's effort to crack down Monero with offers to 2 companies already to developed a tool to break Monero's anonymity, traders are continuing to use it. Is Monero really that thing for this private focus individuals? Or will they move out once the tools could be developed in the next 8 months? If desperate the regulatory effort of the government, monero keep recording increase in usage, that means its a coin that one can count on as a trader or investor. But, what I'm not sure of is this; what does the government aim in regulating montero? |
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Is there any way to enable each transaction to be Auto-paid by the contract itself?
Though, I'm not going to give more technical information on this subject but here is what you should know. Etherium is built on smart contract, which means it's can self execute without third party. I feel, the function that'll help you can be found in Solicity. |
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Which wallet do you like the most? Personally I really like Exodus, the only con is that it's not fully open source, but other than that it's a great wallet!
Are there any wallets which allow you to have multiple addresses?
When you talk about multi wallets, there are many wallets with such features but the one I use is Trust Wallet. It has great and simplistic user interface and it's secured. |
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TWITTER
@IOHK_Charles We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.
Why is btc going down and what forces will cause to rise to 100k? |
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It either the government accept bitcoin or ban it. But, here is the fact, bitcoin will continue to thrive as a non centralized crypto.
I believe governments have started seeing the positive side of bitcoin.
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Cryptocurrency is a high risk form of investment. In fact some had made high losses based on the stories of some users here who were selling their house and taking huge loans and lost it all investing in cryptocurrency. I do not really know if they were true about on things they told but pretty sure there were losses made here with other users investing in cryptocurrency especially in ICO projects. On the contrary there are some users posts inspire others to invest due to the high return that they had made in cryptocurrency investments.
Bitcoin is the leading crypto that had made the success of others in their investment. This is why I wanted to join in this kind of investment. I have tried invested small amount and made a lesser returns as profits but that was already enough to make a conclusion on how to earn with bitcoin. Bitcoin investment could be the reason for losses or gains. It will depend on how you do the investments.
As a newbie in bitcoin investment for I was actually a bounty hunter taking opportunity to earn from the rewards that consider as payment. The problem is that bounty hunting is not that really earning and it is just a waste if time and money except doing signature campaign that pays btc. While doing signature bounty campaign, it triggers me the interest or plan to invest in bitcoin. I have somehow evolve my perspective to bounty hunting to bounty hunting at the same time doing bitcoin investment.
The signature bounty I joined will help me to always keep in touch with the forum for bitcoin news and current events. Others are saying that bitcoin is going for a bull run and that will let me of course earn but the current market price now which is 12K$ is a bit higher. This is why I am itching to buy in bitcoin however I am also thinking of probable losses due to current market price which is high for the moment.
This is the reason why I made this post to see your replies that could help me decide. Again I had stated above that I know bitcoin has high risk and willing to take it. The questions is that "Is it still best time to invest now with the current market price? Or will wait for bitcoin market to crash? What do you think?
Great post. Here is what I think about entering the crypto market. 1. You can make a loss when the price is low. 2. You can make a profit when the price is low 3. You can make a loss when the price is high 4. You can also make a profit when the price is high. What determine profit or loss is your KNOWLEDGE of crypto trading which is hinge on crypto volatility strategy. |
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thoughts about my opinion blockchain might be made to complement and organize in a unified bitcoin system because blockchain as a place of performance in digital currency finance is not a product of goods but this can be used as a transaction in payment for a product or service on the internet, this is the function of blockchain and the advantage it is faster to send digital money to a market or a new address.
Marvelous comment. Here is a correction i will like to make to your comment. Bitcoin is a financial product as well as other altcoins. They are product because they offer better value proposition to end users, thats what make them desirable than fiat. However, one of the technologies that make this possible is blockchain.
It is obvious that we need a solid ground for payment networks, solid foundation that is robust, safe, simple, on top of which we can build more layers. Currently, bitcoin is arguably the best choice for such purposes, because he has been proving its robustness for many years, it deserves to become that solid ground. Proof of work is ideal consensus algorithm for the base layer, because it provides the best security possible. Other algorithms haven't proved their solidity yet, they haven't been under such big attacks like bitcoin was. Their algorithms more complex, attack surface more wide, turing completeness makes things more complicated and whole system more vulnerable. We are yet to discover the best solution for every problem, some problems even haven't showed up yet.
I agree with you about that. Bitcoin has now reached a near-stable level of decentralization, and the number of people using bitcoin as a payment instrument is quite high. Currently, China is testing their own cryptocurrencies and the governments of the countries are researching their own coins on the Blockchain platform. In the world today there are more than 10,000 Crypto created on smart contract platforms and private blockchain development. We have to wait to know if Bitcoin can be replaced. The Crypto market has only been around for 10 years and the currency history is very long. China is very strategic when it comes to economic planning. they know that value is in the trend, in this case, digital trends. China development of their cryptocurrency has shown that they have seen blockchain and cryptocurrency to be the future of systems and currencies respectively. [moderator's note: consecutive posts merged] |
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Job will return but on a gradual mode or pattern. This is simply what we called business cycles; we have the trough phase and the crest phase or the doom phase and the boom phase, the depression phase and the recovery phase. The global economy is currently depressed. This will take some time for things like employment to return to normal. Productive economic activities need to start, investors will need to invest for more economic activities to take place. Then, will the global economy recover.
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I believe this is a trading and an exchange platform that works like binance, right? This is a good and a great innovation as platforms come to democratize financial services. Well, i do have two questions i want you to clarify. 1. Who is behind this platform and how do we trust its credibility? 2. what edges does this platform has over the dominant trading and exchange platform in the crypto investment space? These two information will arm me as i explore the platform with an eagle's eyes. |
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This is so inspiring. This is one of the promises of blockchain and smart contract, the protection of intellectual properties. The work seems very simple and nothing special as such but because its coming from Vitalik, the bid is rising.
If there can be a platform where creative people could sell their works in a similar way, that will be a fine innovation.
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What should you learn so you never get affected by economic crises ? Humans should learn to do what computers / ai can't do ...Question is what computers can't do ? Is this our future : https://www.youtube.com/watch?v=U3quruHpcuoAre we going to become Obsolete like Mr. Wordsworth the librarian ? AI is based on artificial machine learning models while humans have brains that power our mechanism. As such, AI and other technology are programmed to do certain things while human beings are flexible and dynamic. one of the things that AI cant do is creativity...human can be creative and even create better technologies. So, we shall dwell more on work improving our creativity in order to have edge above AI. But, Neuralink is going to solve this challenge as it will link AI and human brains. the book called "3S Rules" explain this... |
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Don't you believe that having soft wallet or virtual wallet will be better on the following grounds;
1. Mobility
2. Readily Availability
3. Portability
Due to the above, you don't have to worry of disaster such as explosion of this kind. I think the only challenge is hackers, that is why we use wallets that are proven to be secured.
well, this is my own opinion. I think this is a way forward and one of the approach to avoid a total loss of ones digital assets.
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The title of your of the topic derails from the question is asked. It will be good if you can edit and provide a title that suits your question.
To answer your question. Blockchain technology is evolving and the reason, while it is most useful in the financial sector, is because of one purpose; to achieve a more transparent and fairer way of processing and implementing data. However, it has a huge limitation in some sectors such as health because it will be very dangerous to put medical records of patients on the blockchain that can be accessed by anyone.
what if blockchain is applied to keep records in the health sector but such records will not be accessible to everybody to to certain people. the record can be accessible to family members, governement and health professionals. The reason why application of blockchain technology to health record keeping is that it will help to reduce mortality rate due to emergency, as medical records of the patient will be accessed without delay. |
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<snip>
Because it is irrelevant for most of the sectors. Apart from finance, there is only one sector where I have seen successful implementation of blockchain and i.e. Supply Chain. However, it is completely different from one used in finance. It is centralized and controlled by the core team of the company where every department of the company independently adds data (like transactions in cryptocurrency) which is validated by the core team and every department independently verifies it. This is to make sure every unit passes systematically through all departments and there is no double-counting as well as short-calculation.
Thanks for contributing from your wealth of experience. I want to bring to your notice that innovation in healthcare using blockchain is also fast rising. This Covid-19, there is a company that developed an app for testing people before being onboarded on a plane. so, in order not to have false claim, there is a blockchain integration that helps to store the data (test records) of such passenger. Entrepreneur can use this technology to innovate solutions- i mean practical solutions. |
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It's sad to say that even a coin or project that's dealing with agribusiness and has plans of innovating the agribusiness sector, they won't do anymore this time.
People are tired to see projects like this but no actual use case and application after sales.
If i'm very clear with your comment, you are saying blockchain has no real application in agri-industry. Well, that's a person opinion though, which we need to verify by judging the start-ups working on such projects. I feel the challenge is not that they don't have real case use but that the players are mainly not educated to grasp the workings of such technologies. But, in time, with proper marketing they will be familiar with it the same way they are now familiar with the smartphone echnology. |
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(and Blockchain.com !!)
In my opinion, this company is responsible to spread a lot of confusions for every new comer. I felt into this confusion too for more than two years. Keep in mind that one of the investors in that company is Roger Ver (the one selling bcash as Bitcoin). Also, it's not uncommon in business/advertising do such (dirty) naming-to-trigger-confusion (mom's pickles, grandma's sunflower seed oil, countryside whatever product... The problem here is more complicated than any other example like the ones you mentioned. This is a new technology and such a confusion would surely disrupt spreading the right info about it. I moderate a local facebook group where users buy/sell bitcoin for local currency, and i ensure you that 90% of them use blockchain.com wallet and coinbase account as their main wallets. All my efforts to abstract the confusion about the difference between the three concepts bitcoin/blockchain/wallet lost with the fact that most of those users are not familiar with contents made in English and i found it harder to explain everything in my local language[arabic]. This is the advice i will give you as you seek to proffer a lasting solution to this challenge. Try to translate crypto contents in a proper way and properly edited before passing it to the local community. This will help them to understand better the differences among the three terms. knowledge is power and its absence is powerlessness. This is the advise i will give to you. Why don't you try to translate the English content in a proper way and should be edited before passing it across to the local people. With this, they will be able to understand the contents and the differences between the above terms. knowledge is power and the absence of it is powerlessness. |
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Bitcoin has become popular because it was made popular by people who invested to it. From the beginning, people call bitcoin a hype as well but now the people who likes BTC now call other tokens hype.  Blockchain can apply to any industry but it just doesn't always need to be related to finance which the project can have a token for its economy. Blockchain can just serve as a database which I think would be much useful for suplychain and records for logs. Great. I have two things to point as a reaction to your comment. 1. Does block chain has its own economy? What I mean is this: should there be a token wherever we have a block chain? If yes, why. 2. The country called Estonia has a block chain platform that works like a government system. So, must every block chain platform has its own token? |
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