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381  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about HEX? on: May 10, 2021, 12:24:25 PM
Correct me if I am wrong but wasn't there a discussion that part of the transaction fees goes to the developers or even Richard Heart himself? I am not entirely sure where saw it or read it. I have been following Richard Heart for quite a while, but stopped doing so as it became a bit boring over time. He bashed Ethereum for so long, then found out it is hard to set up reliable own code and publicly changed his mind about Ethereum out of a sudden.

I don't know the protocol very well, can't really judge whether it is worth an investment.

I haven't taken the time to verify HEX's code in order to determine if people's claims about Richard Heart are true. If they are, then HEX would be nothing more than a scam designed to fill the founder's pockets with money. I hope that doesn't turn out to be the case, as the project had potential to revolutionize "Certificates of Deposit (CDs)" on the decentralized crypto/Blockchain space. At least, the smart contract's code is open source so anyone can build another project that would leave the founder "out the system".

Unfortunately, there's not much interest in making HEX alternatives since most people are focused on other big players on the market. All of the attention is on NFTs, "De-Fi" lending platforms, and AMMs (like Uniswap and PancakeSwap). As long as this is the case, HEX will remain as the only "decentralized" certificate of deposit on the Ethereum blockchain. How far will the token go, will greatly depend on mainstream demand as usual. I'd proceed with caution in case everything fails in the future. Just my thoughts Grin

I see but what is the point of Certificate of Deposits? It is just to force people into holding onto their tokens, isn't it? Intuitively I would say that even the code required for that is quite simple.

I liked Richard Heart, watched his videos for a while but then he became a bit weird. Not that he isn't weird anyway (kind of Tongue), but I didn't think he would go for a scam or at least something that is very much in the grey zone to say the least.

What I fail to see is how Certificates of deposits are seriously beneficial. Do they solve a real problem? The whole point is to get some interest on your deposits right? In the end the real question is who sells their coins quicker than others to make some good profit. The whole incentive structure (even referrals I think) seems to be implying that this might be more of a pyramid scheme than solution to a real problem.
382  Alternate cryptocurrencies / Altcoin Discussion / Re: Too many project SCAMS - PLEASE CAREFUL on: May 10, 2021, 12:16:33 PM
By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Your statement is also a warning to many people to continue to be careful and be aware of fraud in a project. and that happened a lot in 2020, in my opinion since 2021 there are not as many scame and fraudulent projects as you meant. but we also need to be careful about it.

2021 is rarely heard of fraudulent projects, but nowadays many BSC tokens are just shitcoin,
of course that is also a category of fraud, yes small scale fraud, because we have to be smart about choosing the fundamentals of the BSC token project,
remember Safemoon? look at the price of safemoon dropping dramatically, so be careful when choosing a token

It's true as you say, the con artists are only taking chances in what is booming. now we can see for ourselves that binance is booming so that Sipenipu takes its benefits on behalf of Bsc so as to harm other parties. not only now, in early 2021 when the price of bitcoin skyrocketed a lot of parties on behalf of the investment they made in bitcoin, they tried to invite and influence other people to join in their investment, causing others to lose and create distrust of the currency virtual. My hope is for anyone not to easily believe the lure like that

True but over the years the space matured quite a bit and investors are well aware of the fact that there are scammers out there. In 2016 2017 2018 they just pumped out white papers, got their coins or tokens listed, sold the presale coins themselves and vanished.

Even teams that were not anonymous scammed the hell out of the space. Too sad really...
383  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you guys think about the Old coins? on: May 10, 2021, 12:14:02 PM
My best bet is going for the new coin. I've learnt a lot from the industry and I've come to know that the new coin most times come with new technologies and it takes a good development team to continue with a project after a long time. Most developers tend to abandon the project after facing through some set backs on the project.
There are a lot of projects and we should be aware of our decisions, definitely about new projects. That is why most of them can get shit easily in the future, for that we should make hard research about the project which we want to invest in. New projects can be great choices for investment if you make enough research about this project. Old projects are most safety and there is less risky investing in them.

Among the most legit ones are mostly coins that are in fact old in crypto terms. Bitcoin, Dogecoin, Ethereum, Litecoin, Stellar, Dash etc. They all have a relatively strong eco system although the analysis isn't that easy to do as their is also a coin like Dogecoin on that list. All kinds of different coins with their own, and often times special value proposition. 
384  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is wrong? on: May 10, 2021, 12:10:50 PM
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

The real joke is that when Bill Gates he said he would short Bitcoin if there was a way to do so, it actually was possible to short Bitcoin already if I remember correctly.

What I dislike about Gates' opinion is that a bit earlier he said Bitcoin can be of great value. He changed his mind out of nowhere probably because Warren put some pressure on him.
385  Alternate cryptocurrencies / Altcoin Discussion / Re: $SXP burned 17% of total supply on: May 06, 2021, 05:35:19 AM
SO, this is one of the reasons why SXP price increases significantly. the existence of burning tokens really gives certain influences to the supply, moreover to the price. commonly there will be a certain increase, normally.
But, of course, it will also depend on the fundamentals and also project itself. If they are not considered as shitcoins, they will have more and more chances to grow again and again.

I do't know if there are more burns to be planned or if SXP follows a certain schedule, but if there are more burns planned it makes SXP an attractive investment opportunity. I prefer if the teams announce it in a timely manner that more burns may happen and when they could happen. That way you can deny front running activities by the team itself.
It also increases trust if a burn or a buy back is announced and they execute that plan as per their announcement.
386  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I Predict $20,000 for dogecoin in 5years time on: May 05, 2021, 11:55:36 PM
As far as I know it is held by most of the sharks that are pushing its price up, not everyone has made any money out of it. This time looking at the crazy growth they create with it, I am really worried about those who are putting too much faith in it, there are many other potential coins in this market, so I don't care if they influence the market through dogecoin.

$20,000 is just so unrealistic, I do't know why OP opened the topic like this but DOGE is going nuts and it is going up and up and nobody knows why but even if it keeps going up like this it won't get to $20,000. Still it is so weird what we are seeing right now!
387  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is wrong? on: May 05, 2021, 11:54:13 PM
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

Between Bill Gates and Elon Musk, they certainly have their own goals, principles, and concepts in terms of trading, we shouldn't compare between the two, Elon Musk's vision and investment strategy are very suitable for crypto, and Bill Gates has been in business for a long time, he definitely will not do things that he himself does not fully understand what is in it.

That is a fight we must be closely watching Cheesy Elon Musk against Bill Gates, but also Elon Musk agaist Jeff Bezos which is much more interesting as they are the richest guys in the world fighting for the title who is the first to conquer Mars! Cheesy
388  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you guys think about the Old coins? on: May 05, 2021, 11:52:43 PM
Hello Guys,

Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ...
Can they compete with existing coins like DOT, LINK, coins on DEfi.

Should I invest in old coins?

These old coins have their own purpose and place in the crypto industry. In addition, over this rather long period of time, they have proven their significance. This is confirmed by their market price.
New crypto coins have the same risks as old ones, however they do not have a positive, time-tested history.

Old coins for sure stood the test of time if they are still actively managed, developed and backed by a lively community. At least you know what you are buying. The coins have a history with good and bad moments and you can tell how the bad moments have been manage as well. Nothing bad about getting some of those older coins.

Old coins are like old technology but since roadmap can be updated, these old coins can stand the test of time and can grow even further because they are already known due to the marketing they've had before.

Some are saying that it's like the old dotcom bubble that netscape and some old social media like myspace are going to be replaced. And so Bitcoin will also be replaced later. As of now it's still the top coins despite the existing sophisticated projects like ETH, EOS, and Polkadot.






Roadmap can be updated but usually they all have a core technology that they stick to. If it is a certain technology they need to improve that and show that it is worth using that coin. If they stop to develop it what is the point of using it?

It is not that easy for old coins because the expectations are so high. It is easier for a new coin to set new rules and news expectations.
389  Alternate cryptocurrencies / Altcoin Discussion / Re: $SXP burned 17% of total supply on: May 05, 2021, 11:50:49 PM
One of the things I have come to stop doing is comparing a project to another or saying this particular project will be the next this or that, the fact is every project have their area of specialization even though some copies a lot, but yet if the team can get their facts together their projects will always grow; just saying that SXP can only beat XVS if the team keeps working hard not only by token burn.
On the aspect of token burn, many projects are now doing it and in some cases it drives up price while in some it doesn't, although it depends on the project in question. Thus, with SXP burning their 17% of total supply will drive up the price of their token as it will be a bit scarce as lesser tokens will be in circulation and if the team continues doing their best and working on their use case, the token price will keep growing.

There is no point in comparing project to project. They all have their own technology.

I don't know when to prefer one over the other, but SXP with its burning is clearly making a statement to say that it focusses on increasing value.
390  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I Predict $20,000 for dogecoin in 5years time on: May 04, 2021, 10:34:45 AM
Thanks to DOGEfather Musk the OP might not be wrong Cheesy I am only joking, but check out DOGE today that is just insanity at its best. Who the hell and how the hell can that meme coin be pumped like that? It's reaching out to surpass XRP next. I still can't believe it every single day when I check the coins' prices.
391  Alternate cryptocurrencies / Altcoin Discussion / Re: Too many project SCAMS - PLEASE CAREFUL on: May 04, 2021, 10:30:02 AM
One way to stop being trapped by the scam is to stop being greedy. Most of the times its the greed due to which we take interest in the offers which are not realistic ones. If an project is offering you a lot of free money/token and in return asking for your keys, then beware that it would be a scam.
This is already a mentality. People with small incomes are most likely to burn out. Since they want to get everything without investing anything, such people are usually left with nothing.

Frankly speaking that's the same for everybody who doesn't have a lot to invest. Taking risks then is so painful. You don't have much, you can't even afford to lose it but still you want to take part in all the action that is taking place in front of your eyes. That's a bad situation which often leads to such people taking too high a risk.
392  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about HEX? on: May 04, 2021, 10:28:42 AM

HEX is a new kind of token which serves as a decentralized "certificate of deposit". Investors can either be rewarded or penalized based on what they do with their HEX on the blockchain.

Now let say you talk about "penalized", does it mean that if any transaction carries out on the blockchain without proper recoding or account of utility such users on individual will tracked or what?

Please could you throw more light about what you mean by the word "Penalized".

If I understand correctly from what Richard Heart said back then, those who hold their tokens will get rewarded. He wants to create scarcity in the circulating supply (in the sense of traded supply) by penalizing moving your coins. Certificate of deposit then should be the certificate that entitles you to a reward because it testifies that your tokens have not been moved for a certain period of time from a specific address, which leads to an accordingly calculated reward.
393  Alternate cryptocurrencies / Altcoin Discussion / Re: $SXP burned 17% of total supply on: May 04, 2021, 10:26:21 AM
Actually, Swipe is already burning tokens from profit of there visa card. This is just the largest token burning if you read more the article. I'm an SXP investor after they release there card and I'm very bullish about there tokenomic since the founder goal is to drive the token price up through continuous burning using transaction fee profit. I appreciate there effort and dedication for the value of there token.

What about their qualification as a utility or security token? If they burn tokens frequently to drive the price up, could there problems on the horizon that the SEC does take action against them because they obviously function like a security? Do you have any information on that?

As far as I know the SEC rigorously categorizes such tokens or coins as security per se. I think there is more to come for other projects as well.
394  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you guys think about the Old coins? on: May 04, 2021, 10:24:37 AM
Hello Guys,

Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ...
Can they compete with existing coins like DOT, LINK, coins on DEfi.

Should I invest in old coins?

These old coins have their own purpose and place in the crypto industry. In addition, over this rather long period of time, they have proven their significance. This is confirmed by their market price.
New crypto coins have the same risks as old ones, however they do not have a positive, time-tested history.

Old coins for sure stood the test of time if they are still actively managed, developed and backed by a lively community. At least you know what you are buying. The coins have a history with good and bad moments and you can tell how the bad moments have been manage as well. Nothing bad about getting some of those older coins.
395  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is wrong? on: May 04, 2021, 10:18:10 AM
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

Everyone has the right to say whatever they value about Bitcoin, Everyone can only predict what will happen in the coming year with virtual currency because we are not gods who can know exactly what prices will happen in the future. If you have the ability wealth may already be in front of your eyes. Wink
But it is my hope that Bitcoin and other virtual currencies will continue to grow and continue to surprise people with their newest prices.

Now many cryptocurrences raises because people use them. DeFi projects are popular that is why the price of Ethereum continues to grow. To improve the work of DeFi projects a lot of liquidity providing pool appears like https://safespacecrypto.net/ which gives a lot of opportunities to earn money.

That could be one of the reasons people don't leave the house with Covid-19 at this time. a good alternative to do in the present. You can buy the newest virtual currency today to receive results in the next few months. this sounds easy and fun but you should try and learn it. But have you bought some coins? Opportunity does not come twice

I don't know if they "use" them as we would like the coins to be used. They use them to stake them and earn passive income, but it would be more important to see cryptocurrencies being used for buying services and products of daily usage. Most stores probably only accept BTC and ETH, but that is too expensive.
396  Alternate cryptocurrencies / Altcoin Discussion / Re: $SXP burned 17% of total supply on: April 29, 2021, 10:58:02 AM
$SXP founder Joselito confirmed that they just burned $200 million worth of $SXP (17% of total supply)!

Do you think it's the Next #XVS?
Cz_Binance is also a investor and big fan of $SXP



That's a strong statement and bolsters trust in the project. He did what he once promised and those involved can be sure there won't be any shenanigans with that part of the coin supply. Nice move and it showed effect already!
397  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is wrong? on: April 29, 2021, 10:56:19 AM
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

If we take your question word by word, Gates is wrong. Why? He said he would short BTC if there an easy way to do it. When he said it, there was an easy way to do it but I am pretty damn sure Gates did not shot BTC!  Grin

Since he is a board member of Berkshire Heathaway, it is not that hard to understand why he would change his mind and talky negatively about BTC. Before 2018 he did even talk positively about it. Buffett probably warned him to keep his mouth shut or talk in a bad way about it.
398  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you guys think about the Old coins? on: April 29, 2021, 10:47:59 AM
Hello Guys,

Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ...
Can they compete with existing coins like DOT, LINK, coins on DEfi.

Should I invest in old coins?


Some of them have potential and a vibrant community. Dash has a very large community and ongoing development. The answer to your question would be to check how active and goal oriented the community and the development is and whether you thing that is something that could be of value in the future.

Then sure, why not pick an old coin. Not every single new one will be the next big thing just because it is new.
399  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about HEX? on: April 29, 2021, 10:45:33 AM
Despite the fact that some people were calling hex is almost similar to the ponzi scheme but i think what they were saying was true about hex.

I have been watching the platform and this platform is only offering the staking reward for people who can put more and more hex to be staked into the platforms.
Im not seeing actual use of hex platforms. I doubt this platform can survive in a long run.

It would be a ponzi scheme or a scam if the creator of HEX benefited in any way from people's investment. As far as I know, that's not the case as everything is governed through smart contracts on the ETH blockchain. Rewards are higher for those who have a large stake in HEX, since it "mimics" a certificate of deposit provided by mainstream banks. The team is going to need to ramp up their marketing/promotion efforts if they want more people to invest in the token. Otherwise, it'll remain under the radar of investors and traders alike for a long time.

Nonetheless, I believe that HEX is as legitimate as the code it's written on. I'd be surprised if someone else ports HEX into another chain like Binance Smart Chain or even TRON. Being the first of its kind, HEX provides a decentralized certificate of deposit anyone can enjoy. Whenever the token is undervalued or not, it's up to the investor to decide. The HEX community is quite active, so I'd expect the project to last for a very long time. Even if it fails in the long run, anyone can revive HEX's vision by using the publicly available source code. Certificates of deposit make an integral part of "De-Fi". We need more projects like this one in order to challenge mainstream banks. As long as HEX remains decentralized, there should be nothing to worry about. Just my thoughts Grin

Correct me if I am wrong but wasn't there a discussion that part of the transaction fees goes to the developers or even Richard Heart himself? I am not entirely sure where saw it or read it. I have been following Richard Heart for quite a while, but stopped doing so as it became a bit boring over time. He bashed Ethereum for so long, then found out it is hard to set up reliable own code and publicly changed his mind about Ethereum out of a sudden.

I don't know the protocol very well, can't really judge whether it is worth an investment.
400  Alternate cryptocurrencies / Altcoin Discussion / Re: Too many project SCAMS - PLEASE CAREFUL on: April 28, 2021, 07:44:58 PM
Actually the news about project scams is not new, even in 2018-2019 almost all projects experienced traffic jams along the way, and I'm sure all bounty hunters are not discouraged by this, because there are still many projects available in crypto,
Scammers keep arriving in cryptocurrency, they are like parasites that make their victim suffer. The scam project is still circulating today and the population is growing, we need a lot of effort to detect a scam project so as not to get caught in it.
I honestly feel sorry for the bounty hunter who got caught up in a scam project, they spend a lot of time and mind promoting the project in hopes of getting paid after the project is over, but the reality is not as expected.
I am grateful to be able to participate in the paid BTC campaign, so I am not too worried about the payment I will get, because they always pay the campaign participants on time.

In this post I want to motivate friends here especially bounty hunter so they don't give up easily to join the project, Moreover, this year there have been many successful project, such as HEX, Poolz, Cyclops and there are several other project.

Even if you have teams who do Q&As or videos, teams that are not anonymous you can still expect them to scam you. The difficult part is to hunt them down legally. They have their legal entities in states you can't really do anything and complex corporate structures. It sucks and is sad because it shies lots of interested people away or destroys the excitement about the topic of those who lose lots of money.

As for teams who want to stay anonymous at any price, I wouldn't entrust them with my money. Chances it goes well for you are so low.
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