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Let's try one with escrow
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Would like to test out your service.
Want to buy 0.1 BTC as a start.
Rates please
Note: safely received 0.1 BTC from seller, fast and efficient!
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Do not be fooled by brother Lee. They laught at what they did to LTC/ETC buyers. Just sell you garbage which do not have real usage at all. As they chinesse sell garbage all over the world, sorry but it is also true just look on picture above. Make FAKE things is what Chinese do really good and they do not really worry about reputation.
Can you prove this? And which exchanges in China are promoting ETC? |
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Thanks for the tip.
Do you think it's possible to do mining semi-remotely. I have the chance of mining in a familiar location at a competitive rate. I am able to hire a non tech person to take care of it if necessary (labor is cheap at the location) however I myself won't be able to attend to it in a daily/weekly manner. Does mining need constant attention to the machines or things can be managed remotely easily, thanks.
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Hi guys new to Byteballs so WTB as a learning process.
Is GB for Giga byteball and GBB for Giga black byteball? And giga is the volume denominator i presume?
1XBT will get ~3.22 GB i presume?
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Even though I hold small amounts of XRP I am still suspicious of its premined nature and the fact that the company hold soo much of the coins.
Is Yuanbao a big exchange in China and what their (real) volume?
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you actually have it wrong, it wouldn't be less transactions, a lot of ethereum would be locked up so there would be less big transactions but more smaller transactions, the market cap would go up insane because there's less supply, and less supply means higher demand. the problem with it is people can then just lock up their ethereum and get paid in pos and just sell their earnings from pos for ridiculously high prices so while the rich get richer for doing nothing the people actually using ethereum for smart contracts end up having to spend stupid amount of money and fees. while all the people that have their ethereum locked up have to do is sit on their greedy fat ass's while they get paid for doing nothing
Interesting hypothesis, any studies or solid observation to back this up? |
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They all launched (launching) ICO and asking for money (bitcoins), all promises a visa card.
But essentially what's their difference. And who is leaving more on the table aka which founders are benefitting least from the token sales.
========Monaco=========
Have looked into Monaco ICO white paper the founders are getting equivalent of 83.33% of the tokens given to public from the ICO, that looks hefty lot, not to mention another equivalent of 33.3% for ESOP talents, 16.67% for advisors and another 100% reserved.
Verbatim from the white paper:
"
During the Token Creation Event, we imagine that exactly 1,000,000 MCO are created in response to incoming payments.
After the Token Creation event ends, the following additional MCO are created:
• 1,000,000 MCO for the Reserve
• 833,333 MCO for the Founders
• 333,333 MCO for the Talent Pool (future hires)
• 166,667 MCO for the Advisors
In total, 3,333,333 MCO are created of which 1,000,000 MCO are transferable upon the completion of the Token Creation Event.
"
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Hi Guys I'm starting a mining farm in Kuching, Sarawak. The electricity cost is about 32sen/kwh using commercial C1 tariff. http://www.sarawakenergy.com.my/index.php/business/commercial-pricing-tariffAnybody had luck getting the C3 tariff (On/off peak demand tariff), which averages 19sen/kwh? Sarawak energy told me either approval from a SESCO company, or 1.5MVA load demand is required. 1.5 MVA is not possible, but how can a SESCO contractor approve a farm for lower electricity cost? Thanks!  Good luck! 19sen/kWh sounds like a good deal for mining |
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The Monaco ICO looks intriguing. They basically launch an ICO that gives out token to allow profit sharing from their future businesses that run cryptocurrency-enabled credit card.
The Monaco ICO coins are called MCO tokens.
In the white paper it says:
"
During the Token Creation Event, we imagine that exactly 1,000,000 MCO are created in response to incoming payments.
After the Token Creation event ends, the following additional MCO are created:
• 1,000,000 MCO for the Reserve
• 833,333 MCO for the Founders
• 333,333 MCO for the Talent Pool (future hires)
• 166,667 MCO for the Advisors
In total, 3,333,333 MCO are created of which 1,000,000 MCO are transferable upon the completion of the Token Creation Event.
"
That would actually mean that 1,000,000 MCO are created for the public after raising, most likely, 150000ETH. That means ~36.75 million USD.
My question is:
1. Since the founders, advisors and employees are issued 1.3million MCOs, wouldn't that dilute the value of each MCO coin to more than half since the total MCO will become 2.3mil immediately from 1mil (not even factoring 1 mil reserved MCO)?
So one MCO would really turn from 0.15ETH to 0.0652ETH.
PS: I know there is escrow for founder not to cash out and upward value for MCO. But I am getting the math right way how the founders and advisors are profiting, right?
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Hey guys, an update to the original post.
I've managed to reduce the losses to about 4.4% now since joining a month ago.
Will keep people interested posted.
Nice to see this new update related onto your investment and you did a good decision that you didnt pull-out your money and you waited for a little bit more but see it does really worth and that will surely happen because gambling house do always win it may give you negative results for sometime but in longer runs profits will come. Thanks man. Hopefully I and perhaps others can learn from the sharing. |
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Hey guys, an update to the original post.
I've managed to reduce the losses to about 4.4% now since joining a month ago.
Will keep people interested posted.
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What is Malaysia's telegram group?
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whether or not an exchange has been hacked alone is not important. the details are important. for example btc-e the oldest exchange has been also hacked but it is working fine still.
you should see what the reason of the hack was, was it really a hack or were they scamming. and did they come back from the hack or did they disappear. for example Cryptsy was hacked (claimed it was a hack) but they disappeared. bitfinex was hacked but they are still active and i think they are paying their customers back.
and remember hacks happen everywhere. Yahoo was hacked and they found out a couple of months ago sending everyone Email that "we leaked all your personal information! change your password now!".
Fair enough, bitfinex is also on my radar so definitely want to know if they paid back to the user over time. And why bittrex? |
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Have been research both and like to think that their consensus and pre mined model is a novelty.
But when I look at their coin prices against BTC it seems to have lost 50% YoY.
Still think if I should wet my feet as I feel that growth projection of new coins should outpace BTC. That's just me.
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How did Poloniex become the biggest altcoin exchange despite being hacked?
I think you are talking about this hack on 2014 http://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/Actually they have only lost 12% of their total bitcoins which is not a big amount at those days. I think they been able to pay back after increasing fees on trading. Poloniex plans to record the balances and to pay back customers using exchange fees as well as personal contributions. As a result, he indicated that all exchange fees would be temporarily raised to 1.5%, up from 0.2%. But their support system, withdraw, deposit etc are really good after that hack till now and only good coins are listed there which are added without any listing fees, that's why poloniex is still no 1 altcoin trading platform. Yea, that's the same article I got the info. I try to avoid exchanges with hack incidents but poloniex seems to have grown stronger since those days. Another argument some people say against it is that the founder had no technical groundings, we shouldn't discount an exchange based on that but just saying. |
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Best way to look at it is after the Chinese New Year when thing go back to normalcy in a week.
That's the reflection of the real trade.
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it'll fall further and maybe all or most of the chinese exchanges will close their doors.
you can have a bitstamp or gemini with fees and no margin when there's a little bit of actual usage and buyers with some long term vision. the chinese are degenerate gamblers with zero actual use for bitcoin.
Yep. They dont look at bitcoin like they do gold (generational wealth). They play with BTC like chips in a casino. That's the best reasoning I've heard |
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this is an interesting turn of event from China to see how their ridiculously huge volume drop this much and go down to the level of the daily volume that western exchanges such Bitfinex have! This is due to the fees those platform recently implemented and it also shows that what was the real trading volume of these chinese exchanges before. All those big number in trading volume were just result of fake orders made by them to lure more traders in their platform.  That's an interesting observation, if you look at the volume that they are registering before it's just crazy. For 30 day volume each of the top three exchanges in China had about 30 million BTCs traded and each have ~30% market share for trade volume, that leaves only ~10% for the rest. It will be interesting to see what happens after the fees are implemented https://data.bitcoinity.org/markets/volume/30d?c=e&t=bar |
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Another thing to note is that XRP has lost >50% value over the past year.
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