whether he disappeared or still alive, he could not do anything about bitcoin since there were so many people holding bitcoin and the right to manipulate belonged to others. Satoshi is only a name now and he no longer has any special influence.
Satoshi is the creator of almost all the cryptocurrency. The Bitcoin created by him has created a whole market. Do you think that means nothing? Pretty sure he refer to the fact that bitcoin is decentralized even satoshi has no control over it but the name satoshi still has influence to the public.You need to note that satoshi did not create all the cryptos. He’s publishing the bitcoin source code indeed but there are plenty of coins that are quite different to bitcoin and last time ai remember the coin that has familiar code to bitcoin is Litecoin. |
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That is exactly why you need to put more concern regarding security mainly because you are your own bank which means there is no third party risk and warranty involved you own the money you are responsible for it. However there are many method to keep your funds secured and doing that is a piece of cake if you want to spare a some time learning. One more thing you need take care of is about how the regulation in your own country and obey their anti money laundering rules. |
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this is a warning !!!
Top 10 big exchanges is the next target hackers !!!
good luck, and be careful  Just apply your mind and do not unnecessarily react on such fud. Although it is preferred to keep your valuable coins in some secure wallet instead on keeping the same in an exchange wallet but such one statement from a new person on this forum is not enough to react immediately. Good exchanges wallets are secured enough provided you chose 2FA authentication. Try not to share sensitive information of your account to any unknown person. Usually hackers nowaday target the hot wallet directly by exploiting the hole within the exchange security however they also phished people into giving away their data so I think 2FA could prevent from hacking aswell I do agree that OP is just being too paranoid, the exchange will always invest into the security of their exchange because once hackers could get through it is the same as being doomed by that fact investing to security is the first thing to come in the mind of an exchange developers If someone is too afraid of losing their cryptos the answer is as simple as using hardware wallet. |
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Few good projects i have seen are having hard time to gather funds, they are still far behind to reaching their target softcap
1. Bitwings
2. EZ365
What do you have in mind about these two project? they are good enough to give a try for me, what do you say?
I don't know anything about these projects, but I think you need to stick to a simple tactic. Invest after the project overcomes the soft cap. Sounds like a good idea but doesnt actually work. Ive seen so many project reaching soft cap but have no volume in exchange because they are already draining the demands for their coin in the softcap and people are not buying anymore through the exchanges. It is always those project that struggles to reach softcap and finally reach it with blood and sweat that usually have a hard time gaining big liquidity in the exchange. If you want to know a good project just find that is hyped. Atleast they got the community to support the liquidity. |
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It's not like this forum (you mention BTT) is responsible for such thing anyway this forum is only giving a free market for project to start their own ICO by announcing here, the rest of thing that happened is up to the people and most of the helpful thread regarding list of phishy project also created insividually by users not the forum moderator.
Most project dont succed because it follows the natural selection even Initial Public Offering ususlly gives a really dissapointing result despite the fact that some of them are from popular giant company.
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The amount of money isn't that big for a country that needs more of it though. This is a good news and like a scenery to me seeing countries that are slowly adopting bitcoin as a real currency, though most of the countries are not still into cryptocurrency, but this is a big hope that someday in the future, all of the Governments will open their hearts and eyes to accept that bitcoin and other cryptocurrencies is not a threat, but a blessing in disguise.
Hopefully that could happen. The more countries applied blockchain on their daily systems the easier to see cryptocurrencies are also going to be adopted in different industries, right now cryptocurrencies are growing in numbers for each uses. Bitcoin may just be use for now by the people in the above countries to store the money they have in times uncertainty like the political instability. Hmhm. I don't think you could classify this as a "crypto revolutuon", it's mostly just a bunch of rich people that already have assets to protect are looking towards the crypto side of things in case their entire finance sector collapses. I'm going to guess and think that a lot of people in those countries have already lost a lot of their funds due to the situation of their government/war. How the media deals with these issues is going to be important. yeah they are just using bitcoin temporarily once the economic problems settle down they will return to use the cash anyway. It is not like bitcoin is being adopted there they are just trying to find a way of saving all their money instead of betting on their volatile economy which could make them poor anytime. It is like when riot happens in Hong Kong the news about people converting their wealth to bitcoin surfaces across the media. |
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i am not sure about BNB, just exchange coin and it's price so high. but it will is the best choice if you trust binance exchange. They are good team of cryptocurrency on the world. Youre only looking on their image I think. Have you seen how binance chain working? I think it's worth every penny and even lots of super new projects are on their end. I think you can say Binance can be the next ethereum since almost all tokens ot project are shifting on binance chain. Improved and faster ecosystem but Im not saying that ethereum is weak. It certainly capable of that however binance coin is tied to the exchange whereas Ethereum is not it is kinda different though. It is undeniably fact that most of the popular project are now using Binance's IEO which could increase the demand for BNB however everything didn't last forever just like ICO which now turn its time to IEO. BNB could lost its value anytime if the exchange did something wrong or have security breaches so people must consider that as well. However talking about BNB I do agree that it is arguably better than Ethereum when it comes to the transaction time, will be interesting to see in depth comparison. |
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Being a good project with good credibility is not enough when it comes to crowd funding from the masses more specifically in crypto market building up the hype is also a deciding factor whether a project could succeed or not in the future because lacking the hype will definitely drive down the amount of funds that can be gathered thus failed reaching the soft cap.
However a good project or not it is kinda subjective though. The project you mentioned might sounds good in your ear but may be not for other people.
You should maybe take a look at those IEO project that have pretty much ordinary idea but selling like a hot cake.
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i'm kinda confused too. why investors wants the ICO tokens/coins get listed in some exchangers immediately. they want buy some ICO with hope they can get profit when his coin get listed with a good price in some exchangers. how can the coin price is pumped since the product isn't finished yet? if you want to buy some tokens and sell it immediately just do some trading, don't become an ICO investors.
Well, most of the people who invest into ICO just want an instant profit to flip their token immediately and dump their coin into exchange anyway. It's not a something that's hard to figure out, as you can see even some investors will be mad when the coin that they invested to failed to be listed into a popular exchange despite the fact that a project need to pay an exchange so much money just to be listed there. The project that start the ICO usually in dilemma whether they'll use some portion of the gathered funds to pay for the exchange or not. it is also a fact that most of people don't care about the product developments. |
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All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It is not about the name who wants to produce it. Mark Zuckerberg and facebook has its reputation around the world though they have a huge name what they are fighting against is the government who has the absolute authority with it. What they differ is that the China government is somehow open with this plus they all been regulated I supposed which on the other hand facebook Libra is having a hard time with that. If it was all about the name probably facebook would make it through Despite of all that I'm pretty sure that China themselves want a more centralized version of blockchain. Even Xi Jinping himself say to specifically accelerates the use of blockchain and not the cryptos. It's the same as those company that did research to implement blockchain system into theirs threfore it won't bring that much change to the crypto market anyway and I do agree with you. Facebook is a private company while China is a country and it has the authority to create the regulation or change it to whatever they want really different if you compare to Facebook where they will be facing a dead end if the government doesn't approve. |
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The KYC process annoys the hell out of me. I remember a time when you could trade coins freely and without owning up to your identity at all. Not that I'm hiding anything, I just don't like every man and his dog having a copy of my government ID - I feel that's very intrusive. I mean the whole idea of cryptocurrency was anonymous peer-to-peer trading without government intervention. Now it seems you can't fart in the wrong direction without someone breathing down your neck.
I mean I get it, exchanges, ICO's, etc, want to be on the safe side -- although what I really object to is these places accepting my crypto first and then telling me that I need to give them a mugshot if I want to use it, or withdraw it again. It's a nightmare.
Anyone else a bit miffed with all this identity craziness we're in right now?
Or am I just being a grumpy old man?
same as you I also don't like charging KYC because it's like selling our personal data to people. and I sometimes also fear that my KYC is used for bad things. so from now on I am more selective in choosing projects I will not join projects that use KYC requirements. and actually cryptocurrency does not require KYC because it is decentralized and anonymous. but now some IEO projects must also include KYC. In fact, there are many popular projects using KYC because it is important for them to avoid fraud, KYC is indeed important for us where our assets will be safe if something happens to your account, and it is true that you are selective in choosing it must be because not all projects are honest . It all could be resolved only if the project that demands KYC being reviewed by the government thoroughly until it is proven that their intention is no harm or even the government itself is the one who provides the kyc verification. It is just silly to think that the government demanding the project to obey the regulation regarding money laundering but they are also risking the safety of many people here. |
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You all might be knowing that Steam used to accept payments in bitcoin through BitPay, but they abruptly stopped it stating the price volatility of bitcoin to be the issue.
Stablecoins eliminates this very issue, could this encourage Steam or other companies like Amazon,etc. to start incorporating cryptocurrencies into their payment systems.
Is it possible some stablecoin might outperform bitcoin regarding this?
Yes. I think the advantage of a stable coin is that it can be used for exchange within a company, this can replace the USD. In this case, maybe a stable coin will be superior to Bitcoin. Bitcoin prices tend to be volatile. But in terms of investment and trading, people prefer Bitcoin. I don't even like stable coins in terms of investment. stable coins can be very helpful if and only if they have true backing as claimed by the issuer or developers. but we already found out that most stable coins claimed to have certain fiat backing are not 100% true. this type of coin can be of great use if they are true to their claims especially within the ecosystem of a big company. but outperforming bitcoin? i highly doubt that. Most of the stablecoins that have undergone inspection by the SEC has proven to have the reserve funding and it's even being informed on many medias. There might be some stablecoins that are utter bullshit or in otherwords is just a scam but there are many stablecoins that is legit aswell. If you don't believe just find some reliable stablecoins in the news they usually inform about the inspection done by SEC for certain stablecoins company and you can also see how much fund they have reserved. |
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Many projects listed in popular exchanges also die. Dead or no, not based on where they listed the coins, but the seriousness of the team in running the project. In this case the team's target must be clear in carrying out the project. Not just register to exchange, then they leave.
Popular and dead doesn't seem right in one sentence though, however I do agree that some of succesful project that could gather massive funding could endup dying slowly even after listed in the popular exchange, no need to mention but there are plenty. Most of them that have that fate will just losing volume day by day due to the inability of developers to advertise or atleast holding its popularity for long. They are too stingy to advertise and once they did advertise it's such a mess and innefective one or maybe people find out that the project is useless. |
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If the economy of a country is volatile where there's an option that equally volatile aswell which is cryptos It's totally understandable that the citizens are going to all in to cryptos anyway, bitcoin is accepted worldwide meanwhile owning property or cash there could gone anytimes. Although the surges I'm however pretty sure that most of the people would prefer USD anyway because it's stable.
its not just the countries experiencing crisis are buying BTC. venezuelans sees BTC or the real cryptocurrencies to be more of a solution to save their wealth while they are in the unstable solution. some of them may even be buying USDT just to have that money being safe but while they are at it, might as well just invest to BTC while the price is low and that they can gain whenever price rockets.
That maybe the case but however the volatility is too risky if you are living in a country where the economy is relatively weak, every cents matter. |
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really different coin, BAT trying to give benefit to its holders as well as creating new advertising system basically it wants to revolutionize the whole advertising system in the internet or even making internet different than it is today meanwhile dogecoin is just a meme but a really reliable meme and quite stable but not really.
We can't say BAT is the doge killer if from the start they are different thing, people can buy both if they want, it's a free crypto market after all and I think the userbase of DOGE never really be bothered with BAT and the same goes to BAT community.
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For the purpose of just trading, kyc might not be required, just like in Binance and even KuCoin exchange where you can trade without kyc verification though limited to withdrawal amount but once it has to do with IEO then every trusted exchange will impose kyc, so it's up to you to go ahead with IEO or not.
IEO is a must if the exchange is hosting an IEO otherwise they will be threatened of closing down by the government and may be accused of money laundering. It's really a dangerous business decision from the exchange side not to require KYC because that means they are against the regulation. Although there are some exchanges that requires no KYC usually they are not based on US and have more flexible rules. So it's up to you whether you choose to invest into IEO by offshore exchange or not. |
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Too much rewards mean the developer is trying to use everything they can to gather money as much as possible regardless how much money actually needed for the project to execute the idea. These kind of project usually gets dumped a lot and as a result people who invest will just ended up having a huge loss. Always choose a project that is reasonable and never ever invest into this kind of project because I've seen a lot of project like this and fail anyway.
A good project is a project that could execute their idea even when the money gathered is just suifficient or enough, that kind of project usually have trusted developers aswell.
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Following 10 years of presence, the subject of whether the mass reception of digital currency has been begun is still bantered in the space. I would like to ask specialists in the crypto and blockchain businesses is there or have there be any huge crypto mass adoption compare to 10years ago?
What is now being adopted is not a cryptocurrency, but the blockchain system contained in cryptocurrency. I see a lot of companies trying to emulate the blockchain system, with the main goal being to develop their own currency. Only very few develop their own currency though and it's overhyped in the media. Most of companies are trying to implement blockchain into their system to achieve certain point of efficiency and not for releasing a cryptocurrency. You must know that cryptos is only one product of what blockchain could do and blockchain can solve the problem on many sector of companies including documents verification and many more. That's why so many companies are interested on developing the blockchain into the next level for the sake of efficiency. |
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Whenever I hear the word "Stablecoin", the first name that comes to mind is Tether but they have been embroiled in some hit messes in the past and this has reduced my love for them.. however I think the best stablecoin right now is USDC, it's the Stablecoin I have been using consistently for months now with non-issue and I love the fact that it's exclusively an ethereum based token, unlike tether that is in multiple blockchains and one could easily make a mistake and withdraw to the wrong one.
Maybe the multiple blockchain of USDT could be a double edged sword however it's a good thing to have multiple blockchain so that when the Ethereum blockchain is too overcrowded or having too expensive required gas we could just use the other blockchain however with the downfall of ICO it seems that Ethereum blockchain is not going to be overcrowded anymore so it seems better to have single blockchain. Despite the problem USDT faces that's informed through the media. I still find USDT among the most reliable stablecoin simply because it's already there for so long time, maybe because it just works. |
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If it is just a hyped technology I'm pretty sure that none of countries or company would take this blockchain system and intregate it into their ecosystem. This blockchain technology actually have so much benefits in different fields and not just cryptocurrency. TBH, Cryptocurrency is actually just a tip of an iceberg to what the blockchain system could do. I've seen article discussing about this in the past and blockchain could be used in the field of medical, remmitances, governance and many more. It's not just a hyped technology but it's a really beneficial technology. In the future we'll see blockchain technology being implemented into many things and we will decide whether it's only a hyped technology or not.
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