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6361  Alternate cryptocurrencies / Altcoin Discussion / Re: Blockchain Empowers Connected Cars, the New Trillion Market? on: August 24, 2018, 06:12:45 AM
And with this revolution in the car industry, insurance companies will have accurate and more detailed information when the owner decided to file for an insurance claim.
This is a big industry after all. So fraudulent and inaccurate claims will be prevented, which is not good news to some car owners.
But, one major advantage for the owners is that, it will be easier for the mechanic to fix their cars as car's history/data is already available. They don't have to wait for so long just to identify which part needs to be repaired.
6362  Economy / Trading Discussion / Re: Still HODLing? There must be better way! on: August 24, 2018, 04:40:35 AM
The last thing we need is another joker telling to have found a better way to make money. People don't want to expose themselves to the risks of owning altcoins, and neither do I.

If you look at the market throughout the last years, then it's obvious that nothing beats hodling. What you suggest isn't anything new, and is something certain people are already doing, but without much success.

People who point out that there is a better way than hodling always have something else that plays an important role, and in this case it isn't any different as the above poster pointed out.

There is no easy money to be made.

I think the bottomline what the article wants to convey is the simple rule of investment- "Never put all your eggs in one basket."
But, telling us to hodl? Maybe, for some altcoins, it is true.
But, most coins or tokens, if you will hodl, you will be crazy for what will happen to your investments, because you will lose all of them.
You need to be careful what projects will you be supporting with. Try studying their platform first and assess if they have the chance of growing into something big.
6363  Economy / Economics / Re: How to save money on a long-term period on: August 24, 2018, 03:45:22 AM
Saving is hard especially for those who are living paycheck to paycheck.
But, if you have the chance to save, in my opinion, you should put money into tangible ones such as property (real estate), businesses, precious metals (jewelry) and others, in which, their value increase thru time.
The OP already discussed so much advantages of those investments.
And it's up to your current situation where and how you will invest your money.
If you are not that well off, just live below your means. Even if you have small salary compared to others, you can still save something for yourself.
6364  Economy / Economics / Re: What will happen to global economy when crypto becomes global currency? on: August 23, 2018, 11:28:39 PM
If and when cryptocurrency finally becomes an official global currency, how do you think it will affect the global economy and the economy of each countries? Will it help improve the economy better than fiat or will it still need help from fiat?

I don't see it is happening anytime soon or within our lifetime. Cryptos need government regulation and clear legal framework to become local currency first. Out of all countries in the world, only Japan and Germany have adopted them to be used as a legal tender. Rest all countries are still going through a dilemma. They have neither absolutely adopted it nor absolutely banned it! So the chances look really grim for bitcoin or any other crypto to become a global tender in our lifetime.

Even if it happens in the near future, it will be certainly not bitcoin. It will be something similar to the government regulated digital currency whose values will be guaranteed by some of the big economies. I don't see much future of cryptos here in the global level for global trades because the consortium of governments won't let it happen!

I do agree with this. Crypto has a long way to go in terms of replacing the fiat currencies.
But, we are in the stage that crypto money has real fiat value so we can use it for our everyday living.
Though many merchants are already accepting cryptocurrencies as a form of payment, yet, it is still in its early ages.
So, I believe that the global economy would still be the same if ever that scenario will happen, only that, business transactions are faster and are more transparent.
6365  Other / Beginners & Help / Re: How to make sure that new dapps are not scams? on: August 23, 2018, 11:06:02 PM
If it's really dapp, then it means the source code is available on the blockchain (which anyone can access easily) and anyone can read/audit the code to make sure whether the dapp is scam, buggy or work as expected.

But if you don't have such knowledge, then all you can do are :
1. Check review/comment from people who've used the dapp
2. Check whether someone have review/audit the code and it's result
3. Use website such as https://dappradar.com/ which usually only list proper/not scam dapp
The fact is that many comments naturally approving any application can be paid by the fraudster or made by him from different accounts. This is a very common practice. Unfortunately, many users do not know https://dappradar.com/ and this site may not include some of the new Scam apps on its list,as far as I understand the rating is formed from reviews.
Checking out dappradar you can really say that there might be some scam apps being listed but the question why would you go into the last ranking if theres top one? Big chances or those who are on top would be
legit ones if you do based on user and volume of ETH involved.

Right on point. Usually, the top ones are the legit ones.
But, still you need to do your own due diligence.
Reviews/comments are just your guide to dig more about the project.
You really can't tell if those ratings are really valid. Who made those reviews, where those ratings come from?
It's hard to trust those ratings because in reality sometimes, their performance is the opposite.
So, read and do your research regarding the project, if you really want to invest.
6366  Economy / Economics / Re: Banks Consume Over Three Times More Energy Than Bitcoin! on: August 23, 2018, 09:54:16 PM
Not defending banks at all, but they support much more transactions than Bitcoin or any other cryptocurrency. So if we compare the consumption of electricity by each, then we should remember the number of work done as well.

You can't compare the transactions that banks process (that is, centralized transactions, permissioned and so on) with a decentralized transaction system like bitcoin. You are comparing apples to oranges.

All the electricity that the bitcoin network consumes is not wasted, it is a necessity to keep the blockchain safe.

And if LN allows to scale transactions, it may surpass all centralized payment networks. I haven't done the math for this, but intuitively I think would be cheaper compared to all the electricity banks and so on are using. Just imagine the amount of electricity one of these huge buildings consume.

Bitcoin and banks I believe, are still incomparable at this time.
Many people around the globe are still relying with banks while only small percentage are utilizing the bitcoin network.
It's overwhelming to think about how much energy is consuming by the banks everyday.
Yet, we are still very far from the scenario of using the blockchain instead of the conventional method.
But, we are heading to a good future. Banks are starting to see the benefits of blockchain within their system.
Give it a time and most of them are running their system via blockchain.
6367  Alternate cryptocurrencies / Altcoin Discussion / Re: World Bank launched blockchain bond completion pricing on: August 23, 2018, 09:02:04 AM
According to Reuters news on August 23, the World Bank launched the blockchain bond Bondi (Bondi) has been priced at 100 million Australian dollars (about 73.16 million US dollars). It is reported that the bond is a two-year, yield to maturity of 2.251%, and will be released on August 28.
What's the link for that Bondi? I've tried to look with several searches but no one seems to appear with what you are saying. 5 days from now and that's going to be August 28 so what's going to be the big news if we can't look for that link about this?

Alright I saw it already.
(https://www.livemint.com/Money/W1skKyHsraJNnYKJ6IPvJI/World-Bank-launches-worldfirst-blockchain-bond.html)
(https://www.nasdaq.com/article/world-bank-prints-first-public-blockchain-bond-with-a110m-bondi-20180823-00037)
(https://www.nasdaq.com/article/world-bank-seen-pricing-first-blockchain-bondi-bond-this-week-20180822-01012)


Once this project is up and running, they will fully understand the benefit of blockchain particularly in the financial world.
The conventional method will be soon obsolete and with this new technology, they will realized that they can save a lot of money and manpower.
Aside from the fact that, it's easy to trace what's happening in every transaction that they will create.
And very soon, others will follow once the success of the project is established. Sometimes, they need assurance that it actually works.
6368  Alternate cryptocurrencies / Altcoin Discussion / Re: The Marshall Islands goes crypto on: August 22, 2018, 11:57:44 PM
The small nation of about 53,000 people is located in the middle of the Pacific Ocean is quietly working on a project that could have a major impact on how cryptocurrency is treated by both investors and government actors .

The Marshall Islands is launching its own national cryptocurrency token named the Sovereign, or SOV, which will be legal tender for citizens and businesses on the island and worldwide.  To know more, join the SOV official Telegram group: https://t.me/officialsov

Source: https://thefreenewsman.com/the-marshall-islands-goes-crypto/518037/

They are not the first country that implements that, so far none of them had a good success but I want them to succeed so we will have a good model on how a country can properly implement this, anyway, they have a small number they can do it if the authorities can properly do it.

I believe the success rate for a very small community is high.
It's easy to manage such kind of community rather than a big one.
They need to start small, and they can easily alter the business model if it is not working on them.
I'm hoping that the government will not charge high taxes or if possible, no taxes at all.
Let's see on how far they will achieve success when they integrate crypto in their daily lives.
6369  Alternate cryptocurrencies / Altcoin Discussion / Re: Holding Coins and Tokens... on: August 22, 2018, 11:51:14 PM
Holding altcoins and tokens needs wise decision so as not to lose your investments.
The fact is everybody wants to earn money from what they have.
But, to know if there's a future of your holdings, you need to follow the progress of each and every project.
If you feel that a certain project is going nowhere, I think, it's time to sell that coin.
Otherwise, you will end up bag holder of that coin. You can also tell by the movement in trading if it has the chance of going up.
The truth is, no one will do the tracking for you. It's really yourself that will do all those homeworks.
6370  Alternate cryptocurrencies / Altcoin Discussion / Re: Future of BITCOIN CASH ? on: August 22, 2018, 09:32:19 AM
I honestly think Bitcoin Cash was a still born baby.  Roll Eyes

The only movement was the tiny amount of people who sold their FREE Bitcoin Cash that they received from the fork. Some

people who fell for Roger Ver's  bullshit, followed him into the sinking ship and the others are just the bag holders.  Roll Eyes It is

going to be another Bitcoin XT.  Cheesy

I haven't experienced any real use case of bitcoin cash up until now.
Only few people are benefiting from this forked coin.
No wonder, the use in ecommerce for BCH is decreasing.
BTC is still the dominant cryptocurrency in ecommerce industry.
And people are really using BTC, in any part of the world.
If they will not provide any advancements of this bch coin, this will slowly die.
6371  Alternate cryptocurrencies / Altcoin Discussion / Re: Will altcoins ever recover their value? on: August 22, 2018, 08:32:09 AM
Not only the alt coins you mentioned have dropped. Currently we experiencing a full bear market and almost all alts are down.
Fact is that nobody knows for sure if alts will recover, when they will recover, wich ones will recover, etc.

Personally I don't think all the alts will recover to old ATH's. Only the decent ones will.
A lot of wothless projects where created and hyped during last bull market.

TRON and ADA in my opinion are examples of decent alts that will recover and reach new ATH's.
Just my 2 cents on this subject. 


I believe that some of those alts will recover their price once bitcoin and other major cryptocurrencies start to go up again.
But, not all. And in my opinion, those alts that have the chance to recover are those who have real applications in the market and good progress with their developments.
Those pump and dump ones will be left behind. Unless, the team has enough money to do the pump and dump scheme again.
But, we don't know for sure when will that happen. You really need patience in this market, else, you will lose a lot of your investments.
6372  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO's success is just getting listed in an exchange or more than it? on: August 21, 2018, 11:43:43 PM
Being listed on an exchange means nothing if the project is shit. The coin needs to be practical, have a good purpose, the project needs to be sustainable for the future, and there needs to be a user base for it. Many ICOs lack one or more, and that's why you see lots of coins/tokens get dumped once it hits an exchange.

It's more than that. Many crap coins are being listed in an exchange everyday.
So being listed is not by any means a measure of success of a project.
You are right that a coin should have a purpose and should gain consumers that will really utilize the coin.
Without application in the market, the coin is basically dead or will end up in trading only, up until the value declines and be abandoned by traders.
You can really tell that a certain project is bound to success if they have good progress, that they can deliver results based from their roadmap, that they have partners to make their project a reality, their dev team is active and has good communication with the community.
Actually there's more, but the bottomline is, they should have a large consumer base or user base. Without consumers, the project will go nowhere.
6373  Economy / Economics / Re: Be Creative and Earn on: August 21, 2018, 11:14:16 PM
Actually, there are so many legit ways that you can earn in crypto nowadays.
Just look at the services section (https://bitcointalk.org/index.php?board=52.0) and you will find that there are talented people out there.
Those who are offering design services or their programming skills.
At least, even for those freelancers, they can now earn money without being tied up with the 8-5 job.
Though it's not a stable income, you just need to look around for other options.
Don't stick to one source only. And remember that, there are so many scammers around. Be alert on what you are getting into.
6374  Economy / Economics / Re: Venezuela Wants to Launch a Central Bank for Cryptocurrencies on: August 20, 2018, 07:06:57 AM
They just keep coming up with awful ideas which will most likely end up being failures. First, the Petro, a cryptocurrency that no one uses, has no legitimacy, and was clasified as a "scam" by a lot crypto sites [1], and now a central back for cryptos? Terrible idea.

Another crazy idea or does the idea have potential?
Do you even need to ask that question?

A country that's going through its worst economic crisis in its history, with a dictatoship that doesn't care the hyperinflation might reach 1 million percent by the of the year [2], wants to create a central bank for cryptocurrencies (which is the last thing cryptos want, a central bank system) because the govt wants to have more control over its citizens...No, I don't think this idea has potential.

Tbh, a central back for cryptos is the last thing the citizens of Venezuela need, they need food, electricty, medicines, etc.


1. https://www.bloomberg.com/news/articles/2018-04-03/crypto-rating-sites-are-already-calling-venezuela-s-petro-a-scam 
2. https://www.theguardian.com/world/2018/jul/24/venezuela-inflation-million-percent-imf-warning

I'm more than positive that this idea will not gonna push thru.
Crypto is not meant to be centralized and for so long, that kind of freedom is enjoyed by crypto enthusiasts and the likes.
This is not the solution to what is happening with their economic situation.
This will just pave the way of getting money from crypto users, in which, beforehand, crypto is free from taxes and other charges.
Remember that the corruption in Venezuela is high by world standards. They can think of better solution other than tapping the crypto community.

https://en.wikipedia.org/wiki/Corruption_in_Venezuela
https://www.businessinsider.com/corruption-at-venezuelan-oil-company-is-worsening-the-economic-crisis-2018-4
6375  Alternate cryptocurrencies / Altcoin Discussion / Re: Paying Bounty With TOKEN or ETH which will be better? on: August 19, 2018, 11:44:47 PM
Yes, there are projects where is paid to Ethereum but, as a rule, you will not earn much there. For me, it is more usual to receive tokens, because they have unlimited potential for growth and i can get much more profit.

In some cases it is true, especially if the project is really authentic, strong, and is already operational to so many consumers.
But most of them, the decline of price is so fast that you can't even have the time to send your tokens to that exchange.
So for some hunters here, just to be safe, they will choose projects that are paying either in btc or eth. At least, they have assurance that they will earn something every week.
But, I agree to others that sometimes if you're lucky enough, if you are in a good project paying their tokens, you will really earn money that it's almost equivalent to your one-year salary of a regular day job.

And one advantage of paying their tokens is really the movement in trading once it hit the exchanges, at least there are people who will activate the trading.
But, if the project really believe that they have something to offer in the community, that they have already sufficient funding for their developments, and that they really have money, then, they can run their campaigns via payment of eth or btc.
Or they can run both. They can get the advantages of both sides though.
6376  Alternate cryptocurrencies / Altcoin Discussion / Re: Many think crypto is dead. It is not. on: August 19, 2018, 10:16:16 PM
Crypto is not dead. It will never be dead. Crypto is on the forefront of the modern technological advancements. New history is being built as we speak. We should be really happy we live in these exciting times where money for the first time in history has become digital. That said, some altcoins may be dead. There are too many altcoins currently. Not all of them will survive. Be careful how you choose your coins to HOLD-HODL.

I keep reading some really desperate people on a forum (other than this one) and they seem sure that crypto is dead, because it is scam etc.
Crpyto is not dead. Don't be stupid. HODL.

Crypto isn't dead and can never be dead because there is a technology behind each coin and this is what drives the acceptability of these coins. I can tell what can die, shitcoins and scam coins without any value and tech, those ones will die no matter how long it takes for their demise to happen.

So much had been said, crypto is not dead. We are just in the beginning of crypto revolution.
As more and more people learn how crypto works, the advantages it can give to ordinary users, the positive impact in every aspect of our lives, it will never be the end.
Only those who are weak, scam, crap or whatever you call them, will be left behind. They are projects who want fast cash, easy money, and don't really care about blockchain, but how to get money from gullible users. They don't deserve to be in the crypto community.
But, as time goes by, more big time companies are embracing the use of cryptocurrency or better yet, they are creating their own token or altcoin to compete with the changing times.
These are some articles that cryptocurrency is influencing the way of life of these big companies -

https://www.coindesk.com/ibm-evolution-big-blue-finally-getting-serious-cryptocurrency/
https://due.com/blog/7-companies-accept-cryptocurrency/
https://www.forbes.com/sites/michaeldelcastillo/2018/06/06/the-10-largest-companies-exploring-blockchain/#4c102a881343
6377  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are ETH prices falling sharply? on: August 18, 2018, 11:32:22 PM
it's trite. the entire cryptocurrency market is falling.accordingly, the ETH is no exception....

Yeah, that's the trend in the crypto market.
So no wonder, eth is also following what's happening around.
If you are strong enough, you will not panic.
It's just another phase in crypto, and it's not new.
Just stick around and few months from now, the market would be different.
There's no special reason why eth is falling, almost all other altcoins or tokens do.
6378  Economy / Trading Discussion / Re: The advantage of day trader on: August 18, 2018, 10:38:39 PM
I agree with you on all the points except on the aspect that says much education not needed. This is because without proper education, you will not know how to master this art. So education is key in everything. Knowing when to enter, when to exit, which coin to buy and what lot to use are all technical decisions that need proper education.

Maybe, if education will not matter to him. Experience should aid him.
Doing the trading over and over again, will teach an individual the strategies to perform better.
And reading while doing this will add more confidence on what he's doing.
If he doesn't have the degree, he can always study online to equip him about the trading methods.
And to add, another advantage of being a day trader is that you can do this anywhere, anytime you want, but as long as you have net connection of course.
And you can have your holiday anytime of the year, without asking permission from your boss. Wink
6379  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][PRE-ICO] BlocVehicle - Make Your Own Car History on: August 18, 2018, 10:31:57 PM
Congratulation for creating a very good project. I am just waiting for August 15 so that i can invest in pre ico,

 I have got some query's, like What is the minimum investment in the pre-ico and when will the coin will be listed in exchange. As i had bad experience with some ICO which even after 12 months still not listed in exchange and my funds are blocked.

I think there's no minimum investment on this, as I found this also from their telegram channel -



But, regarding exchanges, they haven't provided their target months based from their roadmap. I understand your worries, as I did have bad experience also and I just treated it as a learning experience for me.
6380  Economy / Trading Discussion / Re: Needs Some suggestion to find the best exchange....!!!! on: August 17, 2018, 06:53:48 AM
I am looking for a best exchanger where transaction fee is too low and listed a lot of coin in any other exchange.

Look what you wrote,pay attention: " I am looking for a best exchanger where transaction fee is too low and listed a lot of coin in any other exchange. "

if you were to evaluate an exchange according to this: a best exchanger; where transaction fee is too low; listed a lot of coin in any other exchange..

you will run the risk of getting into some exchange scam. you should evaluate the following:

1-) The owner of exchange
2-) if the exchange has some physical office in real life
3-) if the exchange has any telephone number
4-) if the exchange has no scam accusation
5-) if the exchange provides good services (support ticket support with the shortest possible time)
6-) if the exchange is regulated by the government

see that I do not include the low fee and i do not include if the exchange list many coins. Why? because safety is in the first place.

Sometimes transaction fee doesn't matter if the exchange is really a reputable one.
But, for small exchanges, which, most of them are never-heard of. Be careful using them.
They have very low tx fees, but withdrawal of your coin might take forever.
Or there's no volume. So you can't get anything from your deposits.
You really can't say, one exchange is the best among them all.
They have certain advantages one way or another. It's your call how you will use them.
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