|
At this stage I'd start with the assumption that they're all scams until proven otherwise. The white paper is a good place to start. Ask the development team lots of questions. If it seems too good to be true, keep moving.
|
|
|
|
Hey guys, anyone know when will fix the wallet Nem on Bittrex?
Is it still down? This is bordering on ridiculous. I thought there was supposed to be a pretty straighforward way to recognize and reject the tainted coins while still letting the other coins through. |
|
|
|
Bitcoin has first mover advantage, and name recognition. However Bitcoin has some very real and serious technical problems that so far prevent it from scaling up. There are altcoins which scale better and which will eventually be more widely used than Bitcoin, but that hasn't happened yet. If you can predict which ones and buy them now... well, you get the idea  |
|
|
|
|
Last year DMD Diamond performed better than Bitcoin, and so did a number of other altcoins. People should definitely consider altcoins as part of the portfolio. One issue with altcoins is that they often rise and fall with Bitcoin, so you just want to make sure you never actually *need* the money, or you could be selling off at a serious loss. If you can sell at a high, your gains could be exponential.
|
|
|
|
|
The only instance in which I've heard of bulk Bitcoin sales was when the US Government confiscated a bunch of BTC from raiding an operation such as Silk Road. Then they put the BTC up for auction. The minimum purchase amount was $100,000. You had to register ahead of time and all that.
|
|
|
|
|
If you're going to give out KYC info, just make sure it's really worth it to you. Do your homework on the project and make sure you get well compensated for your efforts.
In my experience I haven't been asked for any KYC info when I've done work for projects, so it's certainly possible to avoid that.
|
|
|
|
|
If you have something to say, then by all means, create a post or even a topic. And only post it once. If you don't have something to say, then don't post. Keep reading. If you follow that basic principle you won't run afoul of any of the systems in place to reduce spam posts on this forum.
|
|
|
|
Hi. Im hoping that the price would be stable . NEM platform would be in full swing and should dapps adapt its platform, and this would drive developers swoop down and use it.
I think that this token has a bright future. I mean I think so too, but this is all rather generic. The question is why NEM just hasn’t received anywhere near as much hype of late as projects such as Stellar, NEO, etc. The retort from the NEM community has been that this coin isn’t about marketing, it’s about product. But we haven’t seen much evidence of product so far with things such as Catapult seeming to be a mirage thus far. I certainly believe in the tech and have been HODLing a large stake for a long tome, but I’m getting somewhat antsy. Some engagement from the community would be nice. My experience is that although devs do pop in here from time to time, most of them are much more active on the various Telegram channels about NEM. If you want more direct contact with founders and developers you will need to join the Telegram channels. |
|
|
|
Ctya: https://bitcointalk.org/index.php?action=profile;u=300872has agreed to be the contact on exchanges. He will be the devcoin Technical Administrator, with the devcoin payment address: 14wSpxdZZ5yUPaQQyAredr7rgXXEPwTYWC He'll be ready to answer technical questions about devcoin for exchanges, directly if he can, and asking another devcoin developer or on the thread if he wants more information. Thank you ctya for taking this responsibility. Yes, thank you for taking this on, and welcome! I'm looking forward to seeing Devcoin listed on multiple exchanges again! |
|
|
|
No surprise here: The SEC Man Cometh for ICO AttorneysLawyers advising the booming cryptocurrency and token industry may soon face a reckoning from the federal government, former SEC officials told Bloomberg Law. The Securities and Exchange Commission is expanding its focus from the companies developing initial coin offerings to the hundreds of lawyers who are guiding them through regulatory gray areas. The industry argues it doesn’t fit neatly into existing legal frameworks as global regulators consider whether virtual tokens might be securities — which require strict regulatory compliance. Attorneys that intentionally misadvised clients or failed to advise disclosure that a token was a security to investors could be fined, prohibited from practicing before the SEC, disbarred, or criminally charged, attorneys told Bloomberg Law. “I can’t imagine this will end pretty for our sector,” said Aaron Wright, a professor at Yeshiva University’s Cardozo School of Law and chairman of the Enterprise Ethereum Alliance legal industry working group. “It could be pretty gruesome.” The pressure on practitioners stems from their role in classifying the new digital assets created by ICOs at a time when the industry is experiencing explosive growth. Coin offerings raised between $4 billion to $6 billion in 2017 alone. There are no regulations or case law that guide digital asset designation, so attorneys have relied on decades-old precedent — such as the Howey Test — to help companies decide if their assets will function like a currency, security, or a utility token, which can be redeemed for future access to a product or service such as a game. SEC Chairman Jay Clayton and other regulators have said most ICOs they’ve observed create securities, which require sellers to register with the commission and comply with more stringent laws. Clayton has repeatedly targeted ICO attorneys in recent remarks, and signaled potential action against practitioners. In at least three instances since December, he has said attorneys need to act more responsibly to uphold securities laws when advising projects and not mislead investors about the nature of a token. Clayton signaled that more token offerings should be registered, and that ICO attorneys may be failing their clients in that primary analysis because the clients are willing to take the risk. “These lawyers appear to provide the ‘it depends’ equivocal advice, rather than counseling their clients that the product they are prompting likely is a security,” Clayton said Jan. 22 in a speech to the Securities Regulation Institute in Washington. .... Some attorneys practicing in the crowded securities space have worked aggressively to market their services to the burgeoning ICO industry. A suspension or prohibition from representing clients before the SEC could be a major blow. full article - https://www.bna.com/sec-man-cometh-n57982088366/ "There are no regulations or case law that guide digital asset designation, so attorneys have relied on decades-old precedent — such as the Howey Test " Something doesn't add up here. Applying the Howey Test to virtually any of them, casts little doubt they are securities. Perhaps the "experts" didn't know as much as they thought they did, which is often the case. Or, they are basing their decision on the 'facts' they have been given... I guess we will find out when the gavel falls. It should not be a surprise that, “The Securities and Exchange Commission is expanding its focus from the companies developing initial coin offerings to the hundreds of lawyers who are guiding them through regulatory gray areas.” That warning bell has been sounded a few times. Unfortunately, regulating the virtual currency world is easier said than done. There are no quick or easy solutions. Until now, the SEC and CFTC’s enforcement actions have been focused on bad actors involved in frauds and Ponzi schemes. They pledged to “continue to work together to bring transparency and integrity to these markets and, importantly, to deter and prosecute fraud and abuse.” Most certainly. more enforcement actions are expected. Some regulations may be healthy for our industry. But how do we go about regulating leaderless decentralized entities? Who would be responsible in filing disclosure statements and keep up with the reporting requirements? I'm pretty sure the direction this is going is that it will become official that ICOs *are* securities, and as such need to be registered appropriately. If I wanted to run an ICO, I would be making that assumption. |
|
|
|
|
Basically, only post if you actually have something to say. If you don't have anything to say, then don't post. There are rules that go into the specifics, but really, it's that simple. As a newbie, you should be spending more time reading than writing at this stage anyway. All the best.
|
|
|
|
just wondering if all airdrop is legit, how would I know that airdrop is legit or not?
Not all airdrops are legit because not all of anything crypto is legit. I think the main concern about any given airdrop is first, how much information do you have to give out in order to participate. If all they need is a wallet address, you haven't lost anything by sharing that info even if the airdrop never happens. The more identifying personal information requested, the more you want to do your homework about that airdrop, because you only want to share that kind of information with something legitimate. The other concern of course is your time. How much work do you have to do in order to earn the bounty. I consider an airdrop to be a free distribution whereas a bounty is awarded for work done. Obviously the more effort on your part, the more you want to make sure you're working for something real. Finally, make sure that if you're putting your own name and reputation out there publicly, that you're doing it for something that is legitimate. You don't want to gain a reputation of promoting scams, so before you send out that tweet or other public post about it, make sure you've done your homework about the organization. |
|
|
|
For example, if I were to create a coin on the Waves platform, and then Waves were to go out of business, would I be able to move the coin to the Ethereum platform?
Or once you choose a platform, are you pretty much stuck with it?
I have seen coins fork into entirely new algorithms, so I imagine there is a way to do what you suggest. If I were you, though, I'd steer clear of the ETH backbone. If you want to design a token, take a look at NEM. In my opinion it works much better. I have no experience with WAVES. |
|
|
|
I think running down the price in order to buy in cheaper is part of it. I also think that running down cryptocurrencies is a way of resisting it because financial institutions hate change. To allow society to embrace blockchain technology means the traditional financial institutions have to adapt, and that's going to take some hard work. For the past few decades they've been able to just coast. I can see them not wanting to give that up so soon. |
|
|
|
i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
I believe the main thing is that cryptocurrencies have the potential to be very disruptive of the more established financial industry, and that can be scary, especially for those who stand to gain the most from keeping the financial industry the way it is. Cryptocurrencies don't have to replace traditional financial institutions but those institutions are going to have to adapt. They've had a pretty decent monopoly on money transactions for so long that I think they've gotten kind of lazy, and at this time it's easier to try to ban the source of the disruption than to do the hard work of adapting. And, financial institutions and governments tend to have close ties. Eventually the banks, etc. will adapt, but in the mean time, they're kind of fighting it because that's easier. |
|
|
|
Hi everyone, When is a good age to teach kids about crypto? Any suggestions on how to go about it? thanks It depends on the child, but I figure if they're old enough to play video games, they're old enough to learn a bit about cryptocurrencies. You don't want to just turn them loose, though, as they will need parental guidance navigating the various crypto-sites on the Internet. There are a lot of ads for scam sites and you sure don't want them getting lured into those. But you can get them a wallet, and maybe pay them an "allowance" in a crypto of your choice (I'd suggest DMD Diamond). You can show them the basics of trading, and you can explain the technology at age appropriate levels. You can also let them know a bit about what kinds of crypto-activities you do. |
|
|
|
I'm newbie and want to learn more from this forum.I want to know that How many topic I should post per day for getting ?which is the best topic for getting more merit ?
Please take your time to read this thread from the admins: https://bitcointalk.org/index.php?topic=2818350.0If you want you can check the one I have crate for about the Activity and Merit system. https://bitcointalk.org/index.php?topic=2534500.0 Please keep in mind that: IF YOU TRY TO ABUSE THE MERIT SYSTEM YOU WILL BE BANNED!And here you can actually see how it looks like, the lazy way:  Thanks for the informative post. I admit I was just minding my own business posting the way I post when I started noticing the merit statistics by people's profile handles. Now I know where it comes from. Looks like I can just carry on. I'll try to award your post some merit points now that I know I can. |
|
|
|
|
I've definitely seen this before. 2014 was a real tough year to make any sort of profits in cryptocurrency because Bitcoin fell from over $1000 (the 2013 high) to down to $200 and it stayed there for MONTHS! Now, the price goes down, but then it bounces back up. Not only that, there are so many truly high quality altcoins out there, many of which perform even better than Bitcoin. The best thing I ever did cryptowise was start looking into those altcoins even while I felt overwhelmed just learning about Bitcoin!
Profits are nice and all, but I also really have enjoyed and benefited from all the networking I've been able to do in this industry. It's young enough that an ordinary participant could be on a first name basis with the founder of the next amazing coin or other project.
If you have a skill to offer, such as writing or programming or graphic design, you can offer your services in exchange for cryptocurrencies. In that case, you can get a lot more cryptocoins when the prices are all depressed than you would when the prices are high. So now's a great time to hang out your shingle in the cryptospace, so to seak.
|
|
|
|
I guess I'm a bit out of the loop on the new merit system. I suddenly started noticing a "merit" category along with my post count and activity stats. I'm assuming a high number is good; otherwise I'm in trouble. My experience has been that the Bitcoin Talk decision makers do a really good job of setting up systems that encourage good quality discussion and not so much spamming just to post. Disclosure: I am part of a signature campaign, but I don't make spam posts. I find interesting posts to comment on and do it and call it good. Steemit is a great recommendation. With that said, the community isn't all that thrilled with people spam posting there either. I think no matter where you are, the rules are basically the same. Post when you have something to say, and write with good spelling, grammar and paragraphing, and you should do fine. You might even make some money |
|
|
|
So instead of posting a new "I'm new" topic I figured I will post on my first old post  . My original account thcst8 got hacked and it looks like I have to start out as a newbi again. Wish me luck! That's a bummer your account got hacked. Looking at your original post it looks like you got started in cryptoland just a few months after I did! Welcome, fellow 2013-er! Remember when Mt. Gox was still a thing? When Cryptsy was the new kid on the block? |
|
|
|
|
Show Posts
