Seems people do not realize the difference anymore in crypto. We always talk about crypto and the idealism, but honestly I find people know very little. I even still have a few people think that mining crypto is actually awarded with physical coins! When they cannot even understand the basic architecture how do we educate about governance? Worse, people prefer governance and centralized politics! Second that. Even if you did write it, you should at least provide the original link, gets more traffic and lets people know you are not a plagirizer,,, which can get you banned in forum! |
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Seems people do not realize the difference anymore in crypto. We always talk about crypto and the idealism, but honestly I find people know very little. I even still have a few people think that mining crypto is actually awarded with physical coins! When they cannot even understand the basic architecture how do we educate about governance? Worse, people prefer governance and centralized politics! Second that. Even if you did write it, you should at least provide the original link, gets more traffic and lets people know you are not a plagirizer,,, which can get you banned in forum! The promise of crypto was freedom, not more politics. Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money — from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs. This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier. So what happened? Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better. We need to return to our roots, which is that the future of money is decentralization — money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time. How do you do this? Governments are built on economic philosophies. Therefore, the most important piece is for a “system designer” to create an algorithm that they set in stone as the economic model of the cryptocurrency. You can think of this ? That is back to politics. 1. Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and can’t spark resource wars — unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning. Okay, but really, what if we discover a better system? Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward. And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No “haha suckers you’re too late to the party” attitudes. You ought not use it to give yourself an unfair advantage. If a group of people had power in the previous version, and if someone simply doesn’t like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions. Just think about the economics of it! Now go build one. If you enjoyed this article, it would mean a lot if you click and share with friends! source: https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6Thanks for your nice correction, just saw the artictle felt will be good for the Forum never taught of plagiarism. Everyday we learn |
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Seems people do not realize the difference anymore in crypto. We always talk about crypto and the idealism, but honestly I find people know very little. I even still have a few people think that mining crypto is actually awarded with physical coins! When they cannot even understand the basic architecture how do we educate about governance? Worse, people prefer governance and centralized politics! Second that. Even if you did write it, you should at least provide the original link, gets more traffic and lets people know you are not a plagirizer,,, which can get you banned in forum! |
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The promise of crypto was freedom, not more politics. Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money — from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs. This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier. So what happened? Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better. We need to return to our roots, which is that the future of money is decentralization — money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time. How do you do this? Governments are built on economic philosophies. Therefore, the most important piece is for a “system designer” to create an algorithm that they set in stone as the economic model of the cryptocurrency. You can think of this ? That is back to politics. 1. Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and can’t spark resource wars — unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning. Okay, but really, what if we discover a better system? Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward. And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No “haha suckers you’re too late to the party” attitudes. You ought not use it to give yourself an unfair advantage. If a group of people had power in the previous version, and if someone simply doesn’t like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions. Just think about the economics of it! Now go build one. If you enjoyed this article, it would mean a lot if you click and share with friends! source: https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6 |
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Over the past week, altcoin Ripple’s (XRP) price has gone through the roof. It has seen an unprecedented 140 percent growth over the past seven days, up almost 63 percent in the past 24 hours alone, trading at around $0.61 at press time.
XRP has gone as far as to beat Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap (returned to the third spot). What could possibly drive the price so high? While there’s no definite answer to that question, here’s some background and theories.
Background: What does Ripple bring to the table?
Ripple is a California-based payment network and protocol company that was established in 2012. Essentially, it focuses on facilitating transfers between major financial corporations.
Ripple is not quite your average cryptocurrency — in fact, some might argue it’s not a cryptocurrency at all. It champions a less conventional ideology for the industry: Ripple doesn’t want to overthrow the government along with the banking system. Conversely, it chose to work with mainstream financial players from the very start. As Brad Garlinghouse, CEO of Ripple, said in March:
“We were, from the beginning, really looking at how we work with governments, how we work with banks. And I think some in the crypto community have been very much, ‘How do we destroy the government. How do we circumvent banks?’”
Garlinghouse believes that governments aren’t going anywhere, saying, “In my lifetime, I don’t think that’s happening” — which is why he finds it logical to cooperate with them and work within the existing regulatory framework. That attitude helped Ripple land crucial partnerships with important players, including China-based payment services provider Lian-Lian, the Saudi Arabian Monetary Authority and Western Union, among others.
Ripple’s native token is XRP. However, the company draws a line between the two: Ripple presents itself as a technology company, while XRP is an “independent digital asset” built on open-source blockchain technology called XRP Ledger. As per its website, Ripple uses both XRP and XRP Ledger in its products, such as xRapid, and owns 60 billion XPR — however, it allegedly does not control either the token nor the technology.
Theory 1: xRapid’s launch
xRapid is a blockchain-backed tool designed by Ripple for easing cross-border fiat transfers between financial institutions.
Ripple hopes to use it to pioneer the mainstream financial system: After testing the platform to run payments between the United States and Mexico in May, it proved to save transaction costs by 40-70 percent. Bypassing conventional foreign exchange providers, xRapid also increased transaction speed to “just over two minutes.” In comparison, according to McKinsey research, typical international payments take between three and five working days to complete.
The recent boost could be explained by the company’s recent announcement that xRapid could be launched commercially "in the next month or so," which was made by head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai in an interview with CNBC on Sept. 17:
"I am very confident that in the next one month or so, you will see some good news coming in where we launch the product live in production."
In August, Ripple partnered with three international crypto exchanges — U.S.-based Bittrex, Mexican Bitso and Philippine Coins.Ph — as part of an xRapid solution to build a “healthy” ecosystem of digital asset exchanges. The new partnership will enable xRapid to move between XRP, U.S. dollars, Mexican pesos and Philippine pesos. Additionally, Ripple is considering entering the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments, as Jeremy Light, vice president of European Union strategic accounts at Ripple, told CNBC on Aug. 15.
To explain XRP’s recent breakthrough, some Reddit users suggest that xRapid has been quietly launched, while Ripple is going to announce it at a later stage. “I think they are letting banks in one by one so the XRP markets would not go totally ballistic if everyone jumps in the same time”.
“Because of the volume and books [are] being eaten alive, leaving no corpses behind (except fudders), I wouldn't be surprised if xRapid is in use. People try to sell, but it comes back up and this volume is off the charts and is increasing. If it's just investors, then [a] new market opened somewhere with lots of people trading suddenly, which is less likely,” another user agreed. Either way, an official xRapid launch would be big, positive news for XRP.
Theory 2: PNC joining RippleNet
More concrete Ripple-related news this week came from PNC, one of top ten largest U.S. banks with 8 million customers and retail branches in 19 states. On Wednesday, Sept. 19, Ripple announced that PNC had joined RippleNet to process international payments for its customers. “It’s one of the first major U.S. banks to use blockchain tech to streamline payments into and out of the country.”
RippleNet is a decentralized network of banks and payment providers that connect through Ripple's solutions, such as xCurrent. Specifically, a particular PNC unit — Treasury Management — will use xCurrent to speed up overseas transactions held by U.S. commercial clients.
Ripple emphasises that the solution will allow PNC business clients to receive payments against their invoices instantly. Senior vice president for product management of Ripple, Asheesh Birla, thinks that using xCurrent in banking is the first step toward the adoption of other Ripple products, such as xRapid. "It's a way [for the banks] to get their toe into the water,” Birla told Reuters.
Notably, xCurrent — unlike xRapid — doesn’t cut out the corresponding bank from the entire process, thus not quite changing the conventional system but rather modifying it. The latter uses immutable “interledger” protocol, which “is not a distributed ledger,” as confirmed by David Schwartz, Ripple’s chief cryptographer, who was sceptical about banks using xCurrent in cross-border payments. David Schwartz declared banks were unlikely to deploy the technology because of low scalability and privacy problems.
Nevertheless, the news proved to be bullish. Interestingly, BlackRock Inc., a major American global investment management, used to be a subsidiary of PNC during the period of 1995-1999. Currently, PNC is BlackRock’s largest shareholder, owning a 21.45 percent stake of the company.
Theory 3: Ripple dodging the ‘security’ label
In a recent interview with CNBC, Sarbhai countered concerns that XPR is likely to come under a security classification in the U.S. — as several high-profile and ongoing lawsuits allege.
To defend the company’s native token, he pointed to the open-source protocol of the XRP ledger and its independence from the corporation itself, emphasizing that Ripple controls only seven percent of the validator nodes operating on the network. He further argued that XRP investors do not secure a stake or shareholder-like position when they purchase the asset and emphasized that countries such as Australia, the Philippines and Thailand have all classified XRP as a commodity.
Thus, similarly to Bitcoin and Ethereum, XRP might potentially become recognized as a “non-security” by the U.S. Securities and Exchange Commission (SEC), which has proven to be bullish for those cryptocurrencies in the past.
Theory 4: FOMO
The massive surge in price could also be explained by good old ‘fear of missing out,’ or FOMO — a particularly powerful force on the crypto market. This seems to be one of the main sentiments on Reddit. According to this theory, as soon as Ripple experienced the first pump on Sept. 18, other investors started to pile in, and the situation snowballed from there.
In another major milestone for cryptocurrency adoption, United States bank PNC will begin using RippleNet to process international payments for its clients.
Ripple made the announcement on Sept. 19, stating that PNC’s Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank’s U.S. commercial clients.
According to initial reports, xCurrent will allow PNC clients to receive payments instantly, which will change the way companies approach cash flow and account management. The software allows banks to communicate instantly, to confirm payment both before and after a transaction is initiated.
Flippening
As a result, the price of Ripple soared over the next few days, seeing as much as 15 percent gains in overall market capitalization.
On Friday, Sept. 21, XRP moved past Ethereum to become the second biggest cryptocurrency by market cap, at around $23 billion.
Building blocks
According to initial reports, Ripple considers the move as a necessary first step in order to get banks and financial institutions to eventually use xRapid — its liquidity product that uses Ripple’s digital token, XRP.
Ripple’s product management senior vice president, Asheesh Birla, says xCurrent is “a way to get their toe into the water.”
These sentiments follow comments from Ripple’s chief cryptographer David Schwartz, who said in June that banks were unlikely to adopt blockchain systems to process international payments in the near future.
Schwartz cited concerns around privacy and scalability as a big worry for banks. Until there is a solution that completely meets these needs, big banks are unlikely to go all-in on distributed ledger technology (DLT).
Ripple’s xCurrent protocol is essentially an immutable interledger which allows instant settlement, which is an upgrade to current payment networks. But as Schwartz pointed out, it is not a distributed ledger.
With that being said, PNC has joined a number of major financial institutions that have partnered up with Ripple in various ways.
In August, Ripple expressed interest in breaking into the Chinese market in an effort to speed up international payments.
Optimistic October
Ripple is hoping to launch a commercial version of xRapid as early as October. The company had previously partnered with Bittrex, Mexican Bitso and Philippine Coins.Ph in order to facilitate xRapid to move between XRP, U.S. dollars, Mexican and Philippine Pesos.
Ripple’s pilot of the xRapid system in May 2018 reportedly produced savings on transactions of up to 70 percent, in addition to the increase in transaction speeds.
Justin Sun, founder of TRON, said that he foresees other banking institutions following in the footsteps of PNC by adopting blockchain systems like RippleNet:
“XRP’s surge shows PNC Bank’s recognition of the Ripple protocol. With Bill Clinton keynoting Swell 2018, blockchain is going mainstream. As Ripple’s Greater China Chief Rep from 2014-16 and a Ripple shareholder, I’m confident financial institutions will adopt blockchain.”
Kieran Kelly, a long-term investor of Ripple, who believes the move is a massive step toward the adoption of Ripple:
“Ripple is adding a bank per week to the network and RippleNet is live in 40 countries and six continents. PNC being the most recently announced bank shows that Ripple is making huge progress globally toward mainstream adoption, providing cheaper, faster and more transparent payments.”
As Kelly points out, the speed of RippleNet is an attractive proponent of the technology, which could speed up international money transfers:
“The traditional finance sector is already implementing blockchain as part of RippleNet and the considerable benefits will drive further adoption globally. Ripple provides banks the ability to make frictionless remittances in three seconds at little cost versus the current format — i.e., SWIFT — which takes three to four days. Banks save 60-70 percent with Ripple.”
Others weren’t as confident about Ripple massive surge in value this week. A quick glance at Twitter made for some interesting reading, as some users offered more skeptical views on the cryptocurrency’s pump in value.
Nicholas Merten, founder of Youtube channel Datadash, suggested that the spike in value was mainly due to traders — not big money investors — climbing into the market:
Congrats to the traders on $XRP, gotta hand it to the bulls. But don’t be mislead, the volume we’re seeing is NOT banks buying the XRP token for xRapid. It’s purely whales and retail traders ATM.
Ripples tech - Impressive
Ripples token - Slight value for use in transactions
— Nicholas Merten (@Nicholas_Merten) September 21, 2018
Matthew Newton, an analyst at eToro, said that XRP was the flavor of the week after the announcement of the PNC partnership:
“Despite being one the most polarizing cryptos of them all, eToro customers can’t get enough of XRP at the moment; it has more exposure than any other asset on our platform. As we’ve seen in the past, the price tends to move in short, sharp bursts, picking up a lot of momentum when the hype builds. It remains to be seen how much further it could go."
As we have seen in the past, perceived good news often drives investors sentiment, and this is clearly the case when it comes to XRP.
The next few days will determine whether the cryptocurrency’s newfound gains will hold strong. Following that, the crypto community will be eagerly awaiting the touted launch of xRapid next month. With these foregoings, the huge question still remains will Ripple (XRT) unseat Ethereum (ETH) ?
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There are a ton of ICOs out there, with every single one of them promising huge returns and useful perks for potential investors. But before you get carried away and start sending your hard earned money to every single project out there, remember that many, if not most of those projects will inevitably fail or will turn out to be a scam.
Keep in mind that all cryptocurrencies and the Ethereum platform, in general, is basically an experimental technology. A vast majority of ICOs are reliant on Ethereum, and they themselves are a very experimental mechanism. It’s an experiment on top of an experiment.
A typical project holding an ICO will have a website and a white paper, containing as much information about the project and its goals as possible. Those will describe the team and its relevant experience, the idea and the roadmap of its execution, approximate goals and means of reaching them, and so forth.
One thing the project won’t have is a finished, functional product. So, essentially an ICO campaign is a “so, here’s an idea, and this is roughly how we’re gonna try and do it, send us some money please” type of situation. It is up to you to evaluate every possible aspect of a campaign and decide for yourself whether you’ll be putting your funds at risk by taking part in it.
Nevertheless, it’s important to mention that in some cases that risk pays off. For instance, EOS held an ICO campaign without any form of a working product or even a platform but still managed to raise over $185 mln in just five days. Moreover, their token started trading at $0.925 and was trading at around $5 for a few days after an ICO. At the time of writing, EOS is trading at $8.3, so if you were an early investor and decided to sell your tokens now, your profits would’ve been almost tenfold.
Should I invest in an ICO? Simple finance advice
Every single guide on anything even remotely related with cryptocurrencies will give you this one simple advice: don’t commit more money than you can afford to lose.
But don’t take my word for it, here’s what the mastermind behind Ethereum and perhaps the most prominent figure in the crypto world VItalik Buterin had to say about it: “cryptocurrencies are still a new and hyper-volatile asset class, and could drop to nearly-Zero at any time. Don’t put in more money than you can afford to lose. If you are trying to figure out where to store your life savings, traditional assets are still your safest bet.”
Find out everything you can about the development team
First off, make sure that the developers are not anonymous. If they are, that is as red of a flag as it can possibly be. If there are names listed Google them thoroughly, focusing especially on the development team and the advisory board. Many fake ICOs will claim involvement of some sort of a prominent figure, more often than not it’s Vitalik Buterin, make sure to always triple check that information.
Make sure to check where the team members went to school, what they studied there and what kinds of things they have worked on before. Focus on relevant cryptocurrency experience, previous ICOs they took part in and the impact they had on the project. What you’re looking for here is whether their previous experience will be sufficient for this particular project to succeed.A very promising sign is when the team members have links to their LinkedIn, GitHub or Twitter account on the ICO’s website. Even then, make sure to check how legitimate the linked accounts are by looking up how long ago they were created and how actively the team members were using them. It really isn’t hard to fake social media accounts.
Check Community and Media
Always make sure that an ICO has a wide and, most importantly, open supporting community. A public Slack or Telegram chat for all investors is generally a very good sign. Other sources like Facebook, Twitter or Reddit, can be extremely handy when evaluating an ICO as well.Keep an eye out for so-called bounty posts and threads. It is a very common practice to ask people to spread positive information about the project for certain rewards to increase both media and the community attention towards the projects. Bounty posts don’t necessarily mean that an ICO is a scam, but a promising project with experienced team members and a decent promotional campaign won’t need to rely on such tactics. Instead, they will take care of the necessary media coverage by sending out press-releases, building up the hype around the project and doing interviews. The team’s presence on social media and constant communication with the investors is also a very good sign.
Check Stage of the project and VC investments
There is no universal rule about what stage of development should the project be at before it can hold an ICO. At times, there will only be a white paper and a rough roadmap. Sometimes, there will be a beta version of a product or even a launched product, perhaps with limited functionality.Of course, it’s always safer to invest in projects that are as close to the launch of a fully-functioning product as possible. As a general rule, investors tend to prioritize projects with at least some lines of working code. That being said, there have been many instances of ICOs becoming a success with no code being written whatsoever.
Another reassuring sign is VC (venture capital) investments. Well-established VCs are normally big and experienced players, so they won’t be investing and putting trust into projects that they feel have even the slightest chance of failure. Although, everyone makes mistakes.ICOs will most likely advertise the involvement of VCs in the project, especially if it’s a well-known cryptocurrency-related VC, in bold capital letters on the landing page of their website. Still, double-checking if this is true won’t hurt.
Read the ANN thread on BitcoinTalk
BitcoinTalk.org is the biggest forum dedicated to Bitcoin and everything crypto-related. When it comes to ICOs, this page will definitely come in handy, as this is where the announcements (marked [ANN]) are made. If the ICO you’re considering investing in is not there – drop it.Make sure to read the thread dedicated to a particular ICO very carefully, especially if you’re lacking the knowledge necessary to understand the technical aspects of a project. Essentially, those threads are a communal effort in evaluating the legitimacy of an ICO.
In the cryptocurrency community and on this forum, in particular, the user’s reputation is of utmost importance. Every post in a thread will contain the user’s current rank and the number of past messages. Generally, the higher the rank, the more trustworthy a certain user is.Those announcement threads are also a great place to check how responsive the developers are. If they aren’t answering certain questions or are just generally not being active in the thread - it’s a red flag. Also, you can always try sending a personal message to the developers to check how responsive they are.
Read the white paper
This entire guide can be summed up in just a few words: know exactly what you’re investing in. And there is no better way of learning as much as possible about the project than reading its white paper.An ICO is a crowdsale, which implies attracting funds from casual investors. So, developers should be able to define the goals of their project and the means of achieving them clearly and in relatively simple terms.
A good white paper will also contain outlines of a legal framework between the investors and the developers. First and foremost, this should include terms and conditions for the ICO. Moreover, it should provide a detailed explanation of token distribution, specifically when and how the tokens will be sent to investors. A good sign is when the token distribution is linked to the roadmap, as a certain amount of funding will be required for each phase of the project.
Another crucial question that the white paper had to provide the answer for is why exactly the project needs its own dedicated token? Why exactly can’t the already established crypto stalwarts Bitcoin or Ethereum be used? The very same question goes for the use of Blockchain technology.
As it was mentioned before, a legitimate project will provide its possible investors with at least some kind of a roadmap. It’s a very good sign is said roadmap contains detailed break-down of how exactly the money raised will be used, the pricing model as well as the value being assigned to the company.
Finally, and perhaps most importantly, you need to make sure that the funds are being stored in an escrow wallet. The best-case scenario here would be that the escrow service is not provided by an individual or a company, but instead is done automatically through the use of Ethereum smart contracts.
Evaluate the quality of the code
If a project has no working code whatsoever prior to an ICO, or even if they do, but it isn’t open source - that’s a major red flag.If you have even a tiny bit of programming experience and know how to read code, you should absolutely do so when evaluating an ICO. You can understand a lot about a project and its developers by just analyzing their code.
Learn from VC-investors
Venture capital investors make their living on investments, which makes them the pickiest contributors. They carefully examine everything about the project with just one very particular thing in mind: how big of a profit will this investment result it? Besides everything else, there is behavioral science involved here: a general consensus in the VC world is that it’s never good for a startup to receive too much money too quickly, as they will be compelled to spend the funds just because they’re available.
Moreover, VC-investors have very clear and strict requirements in terms of monetary returns and profits from the projects they might be interested in. They won’t even consider investing in projects which don’t meet those requirements.
Even if you’re a casual investor and you aren’t planning to contribute big amounts of money, there are a lot of useful lessons to be learned from venture capital investors. Know what you’re investing in, do your research, know your risks and never take part in an ICO held by a company which isn’t up to your standards.
Is ICO a bubble?
History tends to repeat itself. Back in the day, the bubble of dot-coms was compared to the Gold Rush. Now, the hysteria around ICOs is being compared to what was happening around dot-coms, and not at all unreasonably: much like with dot-coms, all the investments made through ICOs are made out of fear of missing out and are based purely on speculation.
As a potential investor, it is essential that you understand that most of these projects will fail to get the end results or just simply will turn out to be scams. Others, such as Stratis, which at its all-time high traded at 140,000% above the ICO price, will be a complete success.
Refer to the aforementioned points to work out whether an ICO is a dud, or whether your investment will bring you any profits at all.
ICO legality issues
Before even considering taking part in an ICO, make sure you’re not breaking the law. ICOs are outright banned in some jurisdictions, such as China and South Korea. And while they are currently allowed or simply unregulated in most other places, the vast majority of local regulators are currently developing legislation set to outline certain rules around ICOs and impose certain limitations on both the startups and investors.
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Find out everything you can about the development team
First off, make sure that the developers are not anonymous. If they are, that is as red of a flag as it can possibly be. If there are names listed Google them thoroughly, focusing especially on the development team and the advisory board. Many fake ICOs will claim involvement of some sort of a prominent figure, more often than not it’s Vitalik Buterin, make sure to always triple check that information.
Make sure to check where the team members went to school, what they studied there and what kinds of things they have worked on before. Focus on relevant cryptocurrency experience, previous ICOs they took part in and the impact they had on the project. What you’re looking for here is whether their previous experience will be sufficient for this particular project to succeed.
A very promising sign is when the team members have links to their LinkedIn, GitHub or Twitter account on the ICO’s website. Even then, make sure to check how legitimate the linked accounts are by looking up how long ago they were created and how actively the team members were using them. It really isn’t hard to fake social media accounts.
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If cryptocurrency doesn’t excite me I would have opted out of it long ago. Excitement comes from having a job that occupies me from the comfort of my home or anywhere I want without a boss. I got excited in crypto because it has decentralized economy, that means no government policy or private institution can control my means of livelihood. Besides the honest money I get from crypto all adds to the excitement i get from it. Sometime your hart skip when the prize of coin goes beyond what you bought a coin and airdrops and bounties are not paid, i still don't allow these events to rob me of my excitement.
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People have used blockchain technology in different fields of endeavor such as sports, games, data intelligence, economics, social media, power, etc. But no one has thought about building a blockchain for agriculture. Yet, this is one of the most important aspects we need. A famous economists Malthusian says that “population grows at isometric progression whereas food production which is agriculture grows at geometric progression”. So if a blockchain will embrace agriculture I think the masses will subscribe to its technology because peoples key solution for unsatisfied needs will be met and the bliockchain will easily reach its funding target.
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Hi buddy i'd advice you concentrate more on making meaningful post of at least 30 and grownup to at least Jr member and participate in a bounty program. Most bounty programs in bitcoin forums are only open to that rank. You may be fortunate to find one at times but the rewards are nothing to write home about. So first think about how to grow and the cash will flow.
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I think the blame should be both sided. Firstly the managers should be blamed on one side because they are closer to the project team. A manager should be able to know if the team behind the project are responsible individuals with good reputation in the crypto community or if they are a group of mysterious out of a blue looking guys in the crypto world! Do they meet up his own terms and conditions , if not they cannot meet up the terms of bounty hunters too,
Secondly bounty hunters should share blames too they should have read information about the ICO project and the team behind the project before they venture into it.
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The cryptocurrency will not continue in this low ebb indefinitely, am optimistic it will recover by the end of the year especially as the end of the year is a busy time for travelers and other crypto users. The cryptocurrency will experience a rise in fall
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Well Cryptocurrency is decentralized and mobile in nature, whatever profit you make no one takes notice. But on the other hand, Traders rely on exchangers and internet providers who charge them for services and in turn pay taxes to the government. You get profit from a new coin and you pay taxes as individual. This indirectly traders pay income taxes.
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Those that have everyday usage will remain, I think the survival of a crypto currency depends on usability of the coin. If the currency is traded on everyday usage, then surely it will survive but if not definitely in no distant time, that coin is bound to fall or fade away.
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Mining is a sure way to earn altcoin everyday but it is rigorous and pretty expensive. It has to do with getting equipments, software, knowledge and skill. If not you can go for trading i.e. buying a coin when cheap and when it appreciates you sell. It has to be a volatile coin. If it is stagnant coin how do you sell?
Bounty is sure way to earn money in altcoin but not everyday. Promotion is another way people make money out of an altcoin. Betting and Gambling put money everyday in peoples pocket but for me I don’t go for it.
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Making money in the cryptocurrency world is not an easy task. Mining, trading bounty programs, airdropping, promotions are even different ways to make money in crypto. These methods are most at times very strenuous. Imagine after these pains taking processes, some opportunist just hack into your wallet and steal away all that money. Therefore it becomes imperative to take stringent measures to protect your wallet.
I suggest that: (1) you protect your password not saving it in your mailbox but on a notebook that only you can access.
(2) Getting a good hardware security wallet system.
(3) Limit your access into a public cyberspace.
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Yes the crypto world has a lot of real job to offer. Let's not limit our minds on airdrops, bounties that are depreciating by the day. The crypto world has much more to offer; such as the opportunity to become an investor, trader, miner, thinking about real situations like propounding algorithms and using blockchain technology to solve real life situation. So the crypto world is a gigantic one that offers job to all from little air-droppers to programming technologist. We all can make our green house a better place to live in. Jobless no more indeed!
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This is barely my third month in the crypto world. To be really candid I've not earned a dime in crypto but am very much optimistic that my venture in crypto world is not in vain. My friend who introduced crypto to me is having a swell time. He left our country for a more greener and comfortable country with his family. I am convinced am in the right place.
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