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3841  Alternate cryptocurrencies / Altcoin Discussion / Re: IEO is going to be slower ? on: November 26, 2019, 03:35:02 PM
It can be anything, but it should offer more security and common sense. People gone crazy on IEOs, because it was a guaranteed exchange listing within a short period of time. A new model should offer a guaranteed buyback and profit to become successful.
Buy back honestly never a good idea. Most of the time project that have this option for their investors ended up holding their growth back. Everytime there's a dump people are panicking and thus selling their coin to this buy back method. If you trying to take profit from the buy back as a project developer by setting the price lower than the price in the initial offering you basically just killed your own coin. Buy back is basically a method to destroy your own project and there's no such thing as guaranteed profit in the world of investment unless it's some fishy offer.
3842  Alternate cryptocurrencies / Altcoin Discussion / Re: Do people still create new ERC20 tokens/projects nowadays? on: November 26, 2019, 02:04:01 PM
no, I observed since last month until now, erc20 tokens or new projects have been quiet. and I think people are starting to stop making new tokens or projects, at least until the end of the year. they are also definitely waiting for next year and how the market will run in 2020. if the altcoin market returns and the graphics are always green, I am very sure that many new projects will emerge.
There are many projects migrating to their mainnet aswell. It seems that ERC20 only for temporary and nowadays people prefer to create their own, not that ERC20 is a useless thing but some people did experimental thing with the smart contracts nowadays not for commercial purpose or even fundraising.
To be honest, that's actually good because atleast ETH network will have less chance of being congested or overcrowded because of some measly shitcoin that got hyped just for a moment then gone to oblivion afterwards.
3843  Alternate cryptocurrencies / Altcoin Discussion / Re: Listed exchange matters on: November 26, 2019, 07:29:09 AM
I am absolutely fine with any project plan to list on exchanges like kucoin, okex, huobi, gate or binance because they always have good trading volume, i know its not easy to list on top exchanges but a smart dev should know that its for the good of the project as well
Gets listed in a popular exchange is always for the good of the project. Imagine all the privileges, publicity, the first impression that the project is legit and even enjoys the immense volume but it all comes with a big cost aswell and nowadays project could rarely gather that much amount of money to pay for listing except they  already in agreement with the exchanges beforehand.

I have the same opinion as you. Some of the exchanges you mentioned are exchanges that are often used to list coins that have no value or even junk coins. like the p2pb2b exchange which has been indicated as a scam exchange. I have a few coins that were originally good projects, but after listing on the p2pb2p exchange, the coins became junk and delisted.
If that project turns to shit after getting listed regardless the popularity of respective exchange that means the project is not good. Maybe you think it's good because it may align with your ideal or something else but truth is, the project is not good. Some truly good project could climb their way up to get listed into a popular exchange with their progression but majority of the project that just try that failed.
3844  Alternate cryptocurrencies / Altcoin Discussion / Re: $35 million worth of ETH for a ridiculous $0.07 transfer fee? on: November 26, 2019, 07:05:10 AM
Well blockchain system determines the fee based on the size of a transaction and if the transaction happen to have minimal output and input it will have really small size and thus low fee, the amount of money doesn't matter that much actually.

That's why I've figured some people who use their address to gather pennies from aidrops always tend to have bigger transaction size and higher required fees and always recommend them to create a new address. I can be wrong but atleast that's what I've experienced and this kind of ridiculously low fee for a big money transactions actually happen frequently you just need to take a look into the blockchain explorer and see the recently created transaction then try to observe their fee one by one.
3845  Economy / Economics / Re: The future of banking industry in blockchain on: November 25, 2019, 10:35:00 PM
I really would love to see how our banking system be able to incorporate blockchain in there current system as the platform is sort of decentralized. But anyway, the purpose of this is to make life easier for the user and customer. So cheers on it.
They could modify it to become centralized anyway. It's not like the code of blockchain system can't be changed or modified. it's human creation and open source which mean people can do whatever they can to the code.
Not really, some may think that it is difficult to combine the banking system with the blockchain but in fact it is very easy, what banks are going to do is that they will control every single node in their blockchains, and I really think that this is going to be a huge threat to the privacy of individuals all around the world, the blockchain is a powerful invention and like any powerful invention it can be used for good or for evil and while a decentralized blockchain will help us to achieve more freedom a centralized blockchain will hinder it.

If the nodes are controlled by the bank themselves isn't that basically the same thing as them having the current banking system which is truly centralized? how can that possibly become a huge threat to the privacy if they basically do the same thing to their system?
They use blockchain simply because it's transparent and efficient and there's nothing more. They could modify it into a system that befitting their purpose.
3846  Economy / Trading Discussion / Re: Is Technical Analysis Bullshit or Not? on: November 25, 2019, 11:35:53 AM
It must be technical analysis. Does it depend on luck?
Heavily. not that I oppose technical analysis but from my opinion (take this with a grain of salt) luck is the biggest factor in whether you will succeed with your trade or not heck, even luck also the factor of doing every trades and business. Technical analysis is just people trying to make sense of something nonsensical and in this case is the price movement which is quite unpredictable and abstract. I mean, if the market is truly decided by the demand and supply, how a mere line and triangle could tell us the future?
3847  Economy / Speculation / Re: Bitcoin prices are dropping too much... on: November 25, 2019, 07:22:42 AM
I'm sure 100% that to answer all these question I need atleast the ability to see into the future or having a time machine. I mean if people know what will happen in the future everyone will be rich. Back to the topic, the possibility of price rising is there but we just don't sure and I'm not going to offer my speculation but usually after a massive dump there'll always some kind of bounce back (but as I say doesn't always happen). Every end of year it's like tradition for bitcoin to be dumped because people need to pay for taxes thus cashing out their BTC and many factors. You just don't expect too much this time around and maybe the situation could get better in the next year.
3848  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Mobile Mining exists at all? on: November 25, 2019, 06:37:43 AM
Still can't believe that people even think ETN mobile mining is a real mining. This kind of marketing language is why people are misunderstanding that this mobile mining is actually a faucet with really small rewards in disguise. It's basically the same as those Mobile game that pays in crypto both of them offer no real value and just wasting both your resources and your time.

With logic you can also know that even if mobile mining is a real thing it will just become yet another useless source of income because mobile's chipset is quite weak and not designed to endure the heat of intensive work.
3849  Alternate cryptocurrencies / Altcoin Discussion / Re: Clipboard hacking restarted again on: November 24, 2019, 10:09:49 PM
This is exactly what I always reminds to people that even though people have their 2fa authentication or even hardware wallet as their security but this thing could just replace the clipboard and the victim will be done for. It's like this malware is penetrating right through the weakness taking advantage of the randomness of the address that people usually  not bother to remember and I always told people to check the address they want to send twice or even more before clicking the send button. I also heard that this clipboard hacking could come from random browser extension aswell since people nowadays uses either online wallet like MEW or metamask.
3850  Alternate cryptocurrencies / Altcoin Discussion / Re: I think crypto world needs... on: November 24, 2019, 02:35:54 PM
Crypto right now need even more recognition, adoption for practical uses to be honest. there's none lately any news regarding the adoption of cryptos but instead just some news about China's government raiding and many negative news. It's always the adoption that I waited the most because using bitcoin to deal with various matters including fulfilling basic needs is a lot of fun than using card or even cash.
Until today I only see the adoption of cryptos are mainly coming from any tech company and not some company from other field. It's somehow feels frustating to be honest. Also the recognition of crypto by the government that always changing time by time always grinds my gear.
3851  Alternate cryptocurrencies / Altcoin Discussion / Re: Good trading volume doesn't mean a token is good on: November 24, 2019, 06:18:17 AM
But if we talk about good trading volume that means traders have a good income about that coin because many are use it to trade. Use your common sense, as a trader you will not choose coin that you will be loss or coin that will not bring you your return of investment. So I think you are wrong.
This statement is so wrong. Good trading volume doesn't mean the volume is not artificial. There are so many cases out there about volume being manipulated just for certain purpose. Also, good trading vokume doesn't mean the trader having a good income aswell. There are some cases of newly generated alts that got listed into an exchange having a really good volume but past 3 months they lost almost all of the volume and literally dying.

OP is not wrong, he's just telling people that there are more factors need to be considered even if certain coin have promising valuation on the paper. It's not all about trading volume.
3852  Alternate cryptocurrencies / Altcoin Discussion / Re: My objective opinion, why cryptocurrency will live and develop on: November 24, 2019, 02:17:34 AM
Personally, I believe that with the advent of the crypto industry, life becomes very interesting and exciting. So any user with an electronic information carrier in front of him will be able to make any payment and send it to anywhere in the world. Since cryptocurrency is a single cryptocurrency where it is practically recognized throughout the world. And it is very convenient and comfortable to pay with cryptocurrency.
isn't that basically paypal? if you think bitcoin exist until now because of that sole reason which is available worldwide for remmitance that's not the case. it live uptill now simply because it is a cryptocurrency which is decentralized and have the community supporting it from behind which differs a lot compared to paypal.
If we are talking about convenience the centralized services like paypal tend to be the most convenient one but what make bitcoin unique is the fact that there's no company backing it up and it's only you that have the right to your money.
Paypal is the most complicated payment method I've ever used. Maybe just me personally but I would definitely prefer to use cryptocurrency over paypal anyday because how simple it is actually just scan a Qr code and you're done. With paypal there's risk of exposing your credit card information if there's a harmful malware in your computer also so many scam and phishing website created solely to trap people. I've seen so many people after they got their information leaked their paypal was also having suspiscious activity maybe because it got breached and people are trying to use their paypal account. Only in this case I would say that the centralized ones is a lot worse than decentralized crypto for the means of remmitances.
3853  Alternate cryptocurrencies / Altcoin Discussion / Re: China vowed to "slash" crypto exchanges, bitcoin prices plummeted. on: November 23, 2019, 11:37:56 PM
This is FUD news that crashed the market price of Bitcoin, however, according to TA charts, Bitcoin was always going to dip around this time of the year
It is maybe true that bitcoin always be dumped every the end of the year but this news also contribute to further decrease the price of bitcoin as well as making people afraid of holding cryptos specially in China.

And what will happen to price when China will ban it? Going to zero?
Definitely not going to zero. China has announced to ban it twice and the last time they say to ban it the price instead getting pumped. The market will just adapt and get used to it. Majority of crypto trader in China will probably move their money to japanese exchange or some sort just like in the past.
3854  Alternate cryptocurrencies / Altcoin Discussion / Re: Listed exchange matters on: November 23, 2019, 04:03:27 PM
The reason of why the most bounty tokens are getting listed on shitty exchanges is that the teams are simply greedy. Nobody wants to pay large fees to get listed on a good exchange, when you can pay 0,1 BTC for exmarkets listing.
With popular exchanges comes great liquidity as the saying. It's all about money. Maybe you can think that paying popular exchange just for listing is a huge waste of money but then again, the coin that are listed on shit exchanges usually dying out within few months thus having a shorter life span.
Getting listed in popular exchanges you could also enjoy the benefit of publicity to thousands of people unlike in a low volume exchange where you are the subject of selling point to attract people but if both the project and exchanges are crappy who's gonna be attracted?
The price of getting listed into popular exchanges despite really expensive is quite relative to the project. If a project is raising huge amount of money it will be no problem but a little project will just dreaming of getting listed into Binance or many top exchanges.
3855  Economy / Economics / Re: The Government-Backed Digital Dollar (USD) on: November 23, 2019, 02:50:43 PM
What is so special about government backed digital currency if there's already one created by private companies out there. Take it for example Apple pay they just work basically the same as any other digital payment application and the function is just well as the name says to pay something and now recently Gcash aswell. Such a thing as Government backed digital dollar is actually just a waste of time because there's no advantage to having it while some other services are already providing similar option. The government is not going to compete with corporation and private company because they are all about free market (although government could). The only difference about it is that Government print the money meanwhile service like Apple pay and Google pay are reserving the fund in their system.
3856  Economy / Economics / Re: Can online platforms like Youtube and Facebook really be decentralized? on: November 23, 2019, 01:53:24 PM
You can't make Facebook and YouTube decentralized since it's a large company controlled by their creator. It's already been established and a big company so how come the owner of it would want it fo be decentralized? They're earning a lot already. It's not an easy process. Because people are already satisfied with what it is...
people always wants more I guess. The people who are not really into tech always prefer something that works regardless whether the service they are using is centralized and decentralized this kind of thing is definitely out of their understanding anyway. Platform like Youtube and Facebook will definitely not turn into decentralized anytime soon because they are corporate and only seeks for profit. They also need the authority to take down any content they deemed harmful to the community they maintain.
It's just a no brainer that a platform that already success and having a really good revenue stream will definitely not change their entire system and risking their entire existence just because of such frivolous matter.
3857  Alternate cryptocurrencies / Altcoin Discussion / Re: Good trading volume doesn't mean a token is good on: November 22, 2019, 09:48:36 AM
I often get coins that have large volumes but are very difficult to sell. all are controlled by bots buy and sell orders are filled with bots that manipulate the volume.
The coins are only listed in one exchange, so there is no other choice to sell coins like that, except selling on buy orders and will be executed by the bot.
If the coin is manipulated or using bots in certain market that can't be considered a high volumes coin though. only the genuine ones could be considered as one of that. I honestly pissed off with the existence of that bots aswell. It's like they are trying to give us false information and make us screwed.
Especially on todays exchanges. The numbers are just terrible, almost every single exchange is doing wash trading and the number of real trades is scary low. Furthermore, without further development a token is worth nothing.
Only unreliable exchange I assume, the popular ones rarely does this but doesn't guarantee that they are not doing this anytime soon. only time will let us know.
3858  Alternate cryptocurrencies / Altcoin Discussion / Re: Send More Fraudlent Developers to Jail and I still Sanity Into Crypto on: November 22, 2019, 08:29:06 AM
in the United States getting fraudulent developers into prison is easy but outside the United States? not as easy. The law enforcement in each countries around the world varies from excellent to really bad. These fraudulent developers could also flee to third world countries although the interpol might be after them but it takes a lot of time to search for them. I do support this kind of real punishment toward all those fraud people but I really hope that such punishment could be enforced in the third world countries as well.
Maksim Zaslavskiy, a computer programmer from Brooklyn and the first person in the United States to be convicted of running a fraudulent initial coin offering (ICO) has been sentenced to a year and a half behind bars as over 1000 investors were duped.

https://cointelegraph.com/news/us-ico-scammer-sentenced-to-18-months-in-jail?utm_source=Telegram&utm_medium=social


I think more of this Jail time will help sanitise the cryptocurrency space. What do you guys think?
This won't make scammers to stop scamming people because there is huge money scammers used to make from it so they will always try to take the risk, i think its better to use technology to stop scammers instead of hunting for scammers
Yeah, it's always better to prevent these scammers rather than jails them since the losses might be enormous. There's no guarantee that we could catch them as well.
3859  Alternate cryptocurrencies / Altcoin Discussion / Re: Year 2020 expectations on: November 22, 2019, 08:02:53 AM
I think when it comes to projects, the standards are getting higher and the requirements are getting hassle to do. But I hope it has something to do with the development of the projects and not just for nothing. I also hope that the altcoin also pushes forward because they've been stagnant for too long.
That actually a good thing. No more scammers running away with their wallet full of investors money and then dump it to the market. Usually if a project could meet up tho that standards it means they are dead serious about their project and not just playing around therefore it could pump the productivity of those project not just to gather some money.
As we go more ahead more difficulties we will face as the all govt's now taking it seriously to regularize the crypto market so for some time may be in 2020  crypto market remain red and in 2021 I am sure it will start boosting.
When China announce the release of their own cryptocurrency it will be a huge news and most of countries will try to put their attention into it and possibly creating a new regulation. Yeah, that year will be a huge reveal of what most the countries think and their stance regarding cryptos.
3860  Alternate cryptocurrencies / Altcoin Discussion / Re: What type of Cryptocurrency is used in the Deep Web for transactions? on: November 22, 2019, 07:39:23 AM
There are also other anonymous currencies like Deep Onion, Zcash but these may not be as popular as other cryptocurrencies.  The fact that Bitcoin and Moreno are popular and long-standing cryptocurrencies so I'm not surprised they are used a lot on the deep web.
my guess is that people there are considering the liquidity of certain coins to minimze the value fluctuation thus chosen Bitcoin which has known to be the most adopted coin and have the biggest liquidity while in the other hand monero is anonymous though the liquidity is just sufficient. But, I always wonder whether those people in the deep web are making their own altcoin aswell since the deployment is quite simple if using an already existing smart contract platform. That actually makes sense and have the possibility since making their own currency that is not know to the public could lead to lesser attention.
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