Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
Some of these are posting fake accounts, so you have no way to know where to go after even the authorities, so the best we can do is to follow the project investigates do a research if the project is real and the people running it are not fake accounts, because you know who and where you are going to get after if their project turn scam.
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There are so many articles and news like that on the internet and offline ever since this technology started, but until now the technology continues and continue to evolve and upgrade, the cryptocurrency community is one in building and supporting the blockchain technology to combat this negative news.
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There is a minimum threshold one is allowed to travel beyond immigration border. In my country , you can't travel with more than $10,000;Unless you document and declare it. Do you think I need to declare my cryptocurrency to the immigration? OR should I keep mute. My fear is I might be charge with money laundering if I later exchange my crypto at my destination and the authorities found out. Any body with experience to share with me.
The only way they will know it, is if you tell them that you have cryptocurrency, what if they ask you to open your wallet so they could see how much do have, will you do it, silence is going to be a virtue here, so keep it to yourself and find a way they will not discover you have cryptocurrency.
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I never trust this ico rating these are the modern or the replacement of the hyip monitor, which accept payment, so they can get a good status on their site, it's still better to do your own research, it's your money if the coin that they rate high go scam they are not going to refund your money anyway.
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A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ per coin, but i decided to sell a couple of days after. Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
All of us one way or the other has experienced that, sometimes the other way around you did not sell your coins but the price dip and you are on a losing end, the best way is to move on and do not contemplate on your lost, this is normal and no one among us is perfect and trade without losing.
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I have seen a lot of threads here asking about whether people will invest in a coin or do bounty. Its high time we all understood that, investment is not only about money. To me, any effort put into something to make it a reality can be regarded as investment. People who buy coins invest with their monies whiles those who participate in bounties also invest with their time and energy. Money is a replaceable resource but time can never replaced. To me, bounty hunters are also investors. What do you think?
I 100% agree it's not easy to do your daily task every day to accomplish your task, and it's a big disappointment and stressful if the Ico become a scam project or stopped, sometimes investors can get their money back, but bounty hunters are not compensated for their effort once the campaign is stopped.
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Why?
It's kinda hard to answer that question but my take is the cryptocurrency is still in the developing stage and this thing is pretty normal, majority people look at it right now as an investment vehicle rather a new technology, but we will soon get in a position where legit cryptocurrency are profitable.
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I have recently seen where bounty hunters were asked to present identifying documents. Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.
Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens.
It's terrible and this is a bad precedence these people are setting.
If as a community we do not say no to this, then it would become the norm.
Even if the ico is good and profitable I will not go for it, I agree with your observation, some of these projects are not even registered and compliant so where can we run after, if they go down and they have our information, they can sell it and resell it to various company some of which we don't know their reputation.
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Why is the bounty still centralized? I think that it would be cool if the participants themselves moderated other participants.
The scheme is very simple. 1. A part of the bounty is allocated to moderation. For example, 10%. 2. Every day, bounty members receive random tasks for moderation the work of other participants. Tasks are randomly distributed. Example of task. A member of the bounty wrote a tweet about bounty company. You need to read the tweet and rate it. You can rate tweet as good or scam. If tweet is scam you must write why 3. Every task checked by 5 - 30 peoples. Task marked as "well done" only if 70% peoples mark it as good. This mechanism is similar to the transaction confirmation mechanism in blockchain. The difference is that blockchain use 51% rule. 4. For every task members get stack. At the end of bounty stacks calculated and members receive tokens for moderation. 5. Accounts whose ratings differ from most people will very often will be banned. This is mechanism from blockchain too. This will remove members who want to reduce the number of stacks and get more reward.
All system must be transparent for all and based on bitcointalk accounts. What do you think about if?
UPD: Manager still needed but work only with creation and news.
Wow it's double work for all participants and confusing because of every one of us here has different views on the guidelines set up by the company, I prefer the one we have now it's not confusing but let's see maybe one ico will take up your idea and see if it is really effective.
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I wonder if Electroneum can reach 1$ value by the end of 2018? There was a lot of hype related to this coin. The Team seems to be working well on promoting its mass adoption plans by recenrlt launching mobile miner app and getting listed in couple of new exchanges. However, the price does not look that well, especially after the recent deep. So, has this coin even a tiny chance get not to the moon, but at least 5x. I don't know the expectation has not materialized, I'm one of the people who is still hoping that Electroneum will live up as one of the best coin in the market although I made a lot of profit here since the Ico price is only 1 cents and since I'm one of the early investors, I have additional income out of it, still holding this coin and still hoping.
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Some of these coins are just pumped and dump coins and they don't have a place in the market at all, I'm glad that they are doing this I think they should be more strict on who can get in their list, that is why so many airdrop coins are getting created because they have Idex to list their coin.
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December 2017 during the high of highs, I made a huge mistake, I allowed greed and fomo, ignored my gut and bought into NXT because I was chasing Ignis airdrop. The coin has since tanked and I still have not received the airdrop. Nxt is probably 80/90 down.
What is your biggest cryptocurrency mistake???
Well its always been selling at the wrong time, I sold some of my coins when it hit the exchanges the first time and after a few days it went 100% higher, and I also did not sell my coins when it hit an all-time high and it dropped 50% in 24 hours thinking that it will still go up and hoping I will make a profit holding it.
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Both have their own advantages and disadvantages but it will only work, if you know how to play both, you know when to sell and when to buy, timing is very essential in short term investment, in case of long term you only need to follow the coin's development and roadmap.
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I don't believe that it's been almost a year and there is not real exchange come on guys, you raised a lot of btc this shouldn't be a problem to get a listing on a decent exchange.
We've taken all steps we could from our end to ensure we are taken into consideration by other exchanges. The process is complicated and we're making all efforts to ensure it's successful. I can only thank you for your interest and patience. To the best of out abilities we have tried to respect the initial plans we mentioned for FootballCoin. I think if you are going to go for a paid listing you will not spend 1 to 3 Bitcoin, some exchanges accept voting as a mean of entry, you should try them at least we are moving instead of posting that " you are working hard and it's on a plan" its becoming very redundant to read.
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MTC is good for buy, I bought new $ 2000. Docademic will recover soon. I still believe in Mcafee's prediction. : D
I think it's not about Mcafee's prediction to me, it's the development team effort to push this project, they are doing an excellent job to prove that their coin is a legit one and they are on to become one of the best project this 2018, of course Mcafee's prediction.
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I do understand this is a long term project and I've recently checked on the progress, and gotten that 3X coin multiplier. But where could an early investor go to sell their XFCCOIN for BTC? At the moment you can trade XFC for BTC, LTC, DOGE and XRP on the exchange platform www.DigitalTokens.io . Is this the best that you can do? after more than a year only one exchange and an unknown exchange too, footballcoin has a huge potential in the market, but we need a better exchange like Binance, kucoin or livecoin and it's really a disappointment it is not yet listed on coinmarketcap when t deserves to be there.
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I have Polymath and Bobs and they have non of my information. Sorry you sent yours in.
Remember its not illegal to hand your friend a fake ID. The KYC process is absurd as there is no way in hell they know who is on the other side of the ethernet cable.
Only fools send in real docs. Jesus guys.
Check out the laws in your area and wisen up to the internet game. Why in the hell would you give an unknown person your passport?
I agree it's like you are gambling with your self and its very risk, people are buying anti malware, anti virus and subscribing to vpn to protect their identity and location while this people freely give it away just like that for a small profit, so be wise don't get in it's a trap.
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The situation has been tough in the market for some time, as the downward trend has been continuing for a long time, so not many people can make profit in the market now. A lot of people have been holding and it is getting harder day by day.
I have seen this scenario before early this year when Bitcoin drop to $6000 level but it managed to bounce back and I'm sure some people made money out of this, it is not yet over history proves that it is still worth holding your coins, it's just a matter of time anyway the ber month is coming we'll see how the market performs.
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Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
So far no tone country fully regulated Bitcoin, the resistance is great, and people should continue to resist this, Bitcoin is meant to be decentralized with no government intervention whatsoever if they succeed then the true nature of cryptocurrency will be lost.
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guys, i think it is important that we all take special notice on the ICO profitability and make something out it.
These good times may not last forever brothers and sisters.
Wish me the best as i wish you all the same. To the moon/ Lambos of 2018, I toss this drink to us all My friends.
We will be rich soon
if we know that the ICO we are in are profitable then we will not have to worry investing in these ICO's but that is not the case some ico show a lot of promise going through their sales, but after that investors are losing money because these ico's cannot keep up on what is in their roadmap or fail to gain supporters.
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