To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
In as much that KYC means Know Your Customer, in the crypto ecosystem customers are basically anybody who have that particular token or crypto coin in their wallets. They regard and see anyone having their token or coin as a customer which they need to verify and know. I don't really see kyc as a way to cheat bounty hunters. There are rules governing any bounty campaign on this forum and each bounty campaign makes their rules very clear and precise regarding the requirement needed to participate. If you think the Bounty project is not worth your details why bother joining...
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Ethereum is definitely superior over Ethereum Classic in terms of technology and also in relation to how profitable both are in terms of investing in them. Ethereum currently is one of the best cryptocurrencies to invest in with the assurance of making about 50% of your initial investment capital. Ethereum is the second best crypto coin in terms of market cap and volume.
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How well can you prove that the crypto whales are behind the increase of the market price of Bitcoin? For me, I think and believe that the main cause of this raise is as a result of the fact that a lot of people owning bitcoin are hodling their coins causing the reduction of the amount of Bitcoin in the entire Bitcoin ecosystem and also causing a reduction in the supply of Bitcoin. This further causes an increase in the demand rate of Bitcoin which in the long run affects the market value of Bitcoin..
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As you can see on the link below, another CEO of the another big advisory firm is saying that Bitcoin is nothing more but a big scam. A couple of years ago similar words said by Morgan Stanley CEO caused a huge amount of FUD that started a big wave of panic selling. But now we may see that those things doesn't really have much influence on crypto market. How do you think, maybe the crypto market will soon become big enough to get resistance to such kinds of FUD? Source: https://www.ccn.com/bitcoin-just-a-shady-ponzi-scheme-rants-goldbug-peter-schiffAny one who thinks Bitcoin is just a ponzi-scheme is just a shallow minded person. They just do understand and know the purpose of Blockchain technology and Bitcoin to the entire world. Such people are just confused and do not want to use or accept any technology that do not suit their current way of doing things. It is high time the crypto space avoid entertaining such false accusations and speculations.
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Considering the current state of the crypto ecosystem, Bitcoin can be used to buy anything since there are online platforms that accept Bitcoin as an alternative mode for payment. Also in countries like Japan and Korean, Bitcoin is accepted by some shops and other retail shops. The world is gradually understanding the relevance of Bitcoin and other cryptocurrencies to the financial ecosystem.
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hi guys if BTC hit 1 million $ in the future what will happen do u think we will see more hack news More violence and criminalization of bitcoin holders by governments Any events we will see ?
An increase in the price of Bitcoin has no influence on what you have stated above. Why do people always wanna connect Bitcoin with criminal activities and violence? Its high time this misconception stops. If Bitcoin reaches a market price of one million, it will only have influence of the rate at which people sell and use Bitcoin. A lot of people in the crypto ecosystem will see and consider Bitcoin as a digital Diamond or a digital Asset.
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In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
The crypto ecosystem is currently a good space for investors and developers to make or earn a good amount of profits from any thing they can introduced into this ecosystem to either promote this space or bridge some gaps seen in this space. Currently in the crypto space, exchange platforms act as the banks for cryptocurrencies which allows crypto users to easily change their crypto coins for other coins. Since developers realized that exchange platforms serve as the direct medium between sellers and buys, other developers started build such platforms as a means of obtaining some amount of profits from the fees charged on their platform.
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Currently I don't really think there are exchanges which can be classified as being the best exchange platform. I see all exchange platforms having the same problems and they don't really provide the services they convince users and investors on their whitepapers. All they are concerned about is making their money from investors and users.
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When did XRP (ripple) enter the crypto ecosystem and market and to even be compared to Bitcoin? There is no way XRP has the chance to defeat or take over Bitcoin at the top spot. It does not have the necessary qualities to defeat Bitcoin and take its position on the crypto market.
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Considering the features of Blockchain technology, it provides a system which permits easier verification of information on the blockchain network. Blockchain tehnology currently is been used by a lot of institutions such as medical institutions for verification of medical data on their ledger to help easy access of information. Blockchain technology has multiple purpose and feature that helps in the diversity of the entire ecosystem of the world. It is definitely the perfect solution.
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Today Want to Ask , did Satoshi Created bitcoin to solve poverty issues or he created this bitcoin so solve financial transaction problems !!
I think you should go back and read the whitepaper of Bitcoin. Why will you even think Satoshi created Bitcoin to solve poverty issues?? Bitcoin is meant to be a payment system that eliminates third parties involvement in the transaction of goods and services. Bitcoin was created to provide financial freedom to everybody within any part of the world.
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No one is actually saying IEO is bad. People are just being curious since IEO is not that different from ICO and its a crowd-funding venture just like ICO. Most people see IEO as a re-branded ICO which is meant to lure investors backing into investing in the crypto ecosystem. In as much that IEO was introduced to eliminate scam projects out of the crypto space, its gonna take a while for investors and crypto enthusiasts to grade the progress of IEO in eliminating scam projects in the crypto space.
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This year has given bitcoin more opportunities to show to billions of people how advantage it is compared to our local fiat currencies. Hopefully by 2020, we can see bitcoin being used as payment in hotels, universities or other big establishements that will open for bitcoin for more great opportunities in the following years to come.
I highly doubt that 2020 will be different from the past years. In as much that Bitcoin has shown the world and billions of people how diverse it can be over local fiat currencies, it still has a lot of challenges to overcome for it to become fully accepted by a large number of people for massive adoption. People are much concerned about the volatile nature of it which is the cause of people not willing to use it as an alternate mode of payment.
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In as much that the market value of Bitcoin within the past two months has seen a massive increase in its market price does not strongly predict that Bitcoin will soon hit the $20k value like in 2017. And this time around I don't really think USDT (Tether) has an influence on the increase in the market price of Bitcoin.
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Bitcoin just hit $6k and it will be hitting $10k before 2019 comes to an end. Looking at the current state of the bitcoin market ecosystem, Bitcoin can be worth about $10k to $15k by the end of december 2019. Within two months, it has moved from $4k to $6k indicating a rapid increase in worth value.
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Crypto trading is all about having a good strategy and a feasible plan to help you develop a pattern at which prices change within every 24 hrs of active trading on most exchange platforms. This pattern usually gives you the trader a good starting point to base your trading from. Looking at the current state of the crypto market, trading is highly profitable than long term hodling since trading present the trader about 20% to 40% profit margin within 48 hrs or less. What make me as a trader to cope and survive trading is having a flexible strategy with feasible trading plans...
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Every time is a good time to buy altcoins with promising future and also having a specific role in the crypto ecosystem. Now is the time to maximize profits from investing in altcoins since the level of risk seen currently looking at the state of the crypto market. The current situation of the crypto market presents an opportunity for critically knowledgeable investors about factors influencing the change in the market prices of altcoins to increase their profit margin to about 50% of the invested capital. We are currently in the bull run and smart investors are making good amount of profits.
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As long as I live live I will not sell my Alts at a loss. It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming! I primarily hold Cardano!
Well thus your personal conviction but for me, I'm not gonna hold on to any altcoins which has no specific purpose to contribute to the crypto ecosystem. Such coins have no potential future value even if the crypto market becomes very successful. It is a bad idea to hold altcoins with no good potential of becoming the next Bitcoin.
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The marketcap of a particular crypto coin is usually an estimated value of the total number of the coins multiple by the market price of the coin at the particular moment in time. It doesn't actually represent the net worth of the project or the crypto company. They are basically an assumptions and can be either true or not.
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