There's no time limit, and little expectation. The object of the question is for ideas for speculative altcoins, a short list of some interesting fringe projects.
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What's a good crypto for a small outlay, say $50-100, for fun, speculation and possible moon shot. Please explain any choices.
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Thanks for the input. The Reddit sticky has a lot of links and a lack of content. The Lisk FAQs is similarly good at saying what Lisk does, but light on why its a crypto currency. There's a problem identified - lack of developer tools. The solution is to create a new blockchain with added development tools? $900m seems an awful high valuation for a SDK with vendor lock in.
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Can anyone please explain the point of Lisk as a cryptocurrency? I see an interesting technology, I don't understand why it's a currency rather than say a open source API/framework project. Couldn't it have been built to operate with other existing blockchains? Clearly at market cap of $900m I'm missing something, what is it?
(I know I could probably ask the same of a dozen projects, but Lisk is the one i'm picking on)
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Mining and by extension fees are a big problem. The solutions are simple (see all the hundreds of coins not using SHA256), just the community consists of people that either don't want to accept there is a problem or that the alternatives are against Bitcoin original design. This is ironic as it give those that dominate Bitcoin a powerful position as noted, which is definitely against the intent of Bitcoin.
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I'm unclear what lessons are supposed to be learnt here. As far as I know in the two countries noted, UK and US, there is no regulations specific to bitcoin, only standard financial regulations. Is the suggestion that there should be new bitcoin specific regulation to protect users and promote its use?
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Good summary. The damn stupid thing is that the problems *Cash and *Gold are seeking to address are genuine, were being discussed (and dismissed) many years ago. Rather than fix anything the *Core developer and community have sat on their hands. I dont think we should change the name, "Bitcoin" stays with the original chain, but i do wish they had sorted this out properly. Neither does it stop Bitcoin, it does create an sense of "eh?" and "whatever, i'll just use paypal instead" for most the population.
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I wonder if those that have lost faith, and those that ignore the problems for that matter, realise that the supposedly decentralised Bitcoin is been highly dependant on mining power from China? Yeah, there are lot of individual miners, but there are few pools and many miners can be persuaded to join a cause.
So, what are you going to do, bail out, ignore it, or start looking at running nodes and mining even at a small loss? Re-distribute mining power. Also address the problems with slow transactions on Bitcoin which are forecast and behind the Bitcoin forks, rather than arguing over it, denying theres a problem, accept and deal with it. Because while this Bitcoin Cash pump may not have been successful (though not necessarily over) it has highlighted problems and weaknesses. Next time it might work.
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it seems like bitcoin cash is already starting to struggle and getting a correction, while bitcoin stopped falling. i still think it will need some time, until bitcoin hits its common track and rises up again.
Bitcoin Cash rally was a pump, look at the graphs, it hit 0.5 BTC and fell back hard. Were Bitcoin Cash goes is anyones guess (its here to stay imo), its not about to dominate BTC, which will probably recover during the week. I'm only slightly gutted I traded in BCH for BTC a few weeks ago... so what do i know ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Pretty clear from graphs there was an orchestrated move on Bitcoin Cash, it stalled at 0.5 against Bitcoin and fell back heavily to 0.25 within about half an hour. If that was a stock the regulator would be investigating.
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Bitcoin can turn to trash, its still Bitcoin. The "Bitcoin" name isn't a prize for the biggest SHA-256 crypto, if another comes to dominate you use that coins name.
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Its true people are buying into Bitcoin Cash but if the information on CoinMarketCap is correct, its dominated by KRW indicating new money, its not so heavily USD or BTC. Bitcoin is not being sold off into Bitcoin Cash so much. No reason not to live in parallel, like so many other crypto have done.
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You're looking at short term trading pattern and getting nervous. I was thinking same about switching some, but digging through Cryptomarketcap I noticed there's near $3bn (yep) of Bitcoin Cash traded on the Korean exchanges. For sure Bitcoin has been been selling off too, but most the Bitcoin Cash rise is new Korean cash flooding in.
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For reference, at this time the fee for next block is 380 satoshis/byte, or about $5.60 in old money. Yeah, there's a problem with fees in Bitcoin.
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Thanks all! I do get the basics of supply and demand and how it applies.
Let’s say, for example, that one year from now, 10x more people own bitcoin. That would result in a huge increase in value?
Yes it would. As mass adoption grows so will price. This is also a result of supply and demand and is why so many of us are hoping that certain rumors will come true like Amazon accepting bitcoin. That's not necessarily the positive to demand many believe. If people are using bitcoin that means they are selling, as Amazon are unlikely to hold the bitcoin and payment processors (or Amazon themselves) will be immediately selling on the exchanges to $ etc.
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... It's better for us all to support the core devs and i think leading such a crusade is laudable.
What would be really great is if the core devs listened and addressed problems rather than sit on their hands for years, so others take action they have.
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Not likely. The main risk for your wallet is downloading a malicious software package, and you can do that with HTTPS over VPN and secure Wifi just as easily as without those things. Use sites that are trustworthy, have AV on, dont accept anything to run, dont open unrecognised email, that should cover 99% of threats.
Secure wifi really only protects you from someone locally sniffing the traffic and grabbing your web traffic and details. Man-in-the-middle risk is increased, but the real threat is from an actor capturing online login details and hacking those accounts, though HTTPS should protect that anyway.
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Where's my free stuff !!!
It's not live, it's pretty poorly run with no wallet and late fix on replay protection (though maybe its good you cant trade until that's ready?). It's not a scam any more than every alt coin, you take it or leave it.
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You deserve to lose money when you invested in a shitty project. Heavily marketed to every social media to probably fleeced some noobs. I won't even hire their devs for data entry.
You talking about Jury online there? Why do people promoting ICO think its appropriate to trash other ICO?
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I assume some sarcasm there. Thats a $6.88 fee right now, for transactions that some people still say are free ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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