Hi guys, I need help.
I want to establish base value of the token o 40 USD, while some people say that the price of a single token should be valued in cents.
It will be a closed network project, where I want to have higher nominal value than rest of the "penny projects". But maybe I am wrong.
I mean, maybe people better like to have "1000 tokens" than "0.1 token" - as a psychological barrier.
Please help as community represents the voice of future investors..
I don`t know how can you "establish" a token price? The market decides what will be the value of a token.The only thing you can do is to "burn" all the unsold tokens after the ICO ends.This will stabilize or even increase the token price for a short period. I think that having too expensive tokens will scare lots of investors and your project will have issues with funding.Can you explain more about your project? |
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Using bitcoin for micro-foreign remmitances is a good idea.
I guess that there are lots of foreign workers coming from Phillipines and Vietnam working in South Korea.
They will send bitcoin payments to their countries and help sreading bitcoin adoption across Asia.
China was regulating such payments because of the capital export and money laundering,the south koreans will show that legalizing those transactions is the best decision.
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I wish i had rich friends like you.  Anyway,i don`t think that you have to create a small cryptofund or to get some sort of license. Just register accounts in the biggest and most trusted cryptocurrency exchange platforms and start trading.You could sign contracts with your friends that you are not responsible for any loss(so they can`t sue you ,if you lose their money).You should speak with some attorney about this. If you don`t have experience with day trading and don`t have any trading skills,just don`t take the risk. |
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This is a very good idea.I wanna make an account and start creating memes.
I`ve always wanted to join some art platform like deviantart,but more cryptocurrency related.
I`m not sure if there will be any people ,who would want to "buy" memes and art.
Anyway,this is a great way to boost people`s creativity.
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Great news for blockchain economy announced in Brazil.
Working alongside global tech giant Microsoft and ethereum-focused startup ConsenSys, Brazil's Ministry of Planning, Budget and Management is piloting a blockchain identity application.
Leveraging technology provided by ConsenSys affiliate project uPort – a "self-sovereign"' identity system built on ethereum that allows users access and control over their own data – the agency is testing how the technology could be used to verify the legitimacy of personal documents.
In statements, Adriane Medeiros Melo, head of information technology at the ministry, framed the trial as one that would help the organization test the potential of blockchain technologies, as well as to "establish a new trust model between government and society."
This is good news,but it`s kinda sad to see that countries like Brizil are more blockchain-friendly and more open for technology innovations than the European countries and USA. There`s a lot of poverty in Brazil and millions of people don`t have computers and smartphones. How can they benefit from such blockchain based identity verification system? |
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I don`t understand this "commitment" thing those guys are talking about.What is this? Two guys are sending each other a bunch of code.It isn`t very user-friendly, i think. By the way,i don`t see the coffee purchased with this transaction delivered. Many people have concenrns about offchain transactions security and double spending issues. Are offchain transactions secure enough? |
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I read on a site http://mandactif.com that in many cases the manipulation of bitcoin trades is not illegal. Is this true? Some countries just don`t consider bitcoin as a currency or asset.Therefore the price manipulation of bitcoin or all the other cryptocurrencies is not covered by those countries legislation,which means that it isn`t illegal. There`s no penalty if some exchange platforms manipulate btc and altcoin prices. The good news is that more and more countries accept bitcoin and consider it a digital currency or asset like all the fiat currencies and real assets.This prodives come protection against scams. |
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In your model there is only one producer of soda glasses(monopoly).
If you are trying to compare bitcoin with a soda producer that has a monopoly over the market,you are wrong.Bitcoin is not a monopoly,everyone is free to buy any altcoin he wants for any fiat currency he wants.
Producing new bitcoins via mining has nothing to do with demand,prices,competition and supply.
There`s competition in lowering the production cost (lowering the costs of btc mining-cheaper electricity,cheaper and more effective mining hardware,other cost improvements) which improves the miners efficiency.Inflation and deflation are bad only if their exceed some limits.It`s actually good for the economies to have small amounts of inflation or deflation.
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The escrow is the middleman between a buyer and a seller that takes the transaction risk.
Buyer sends cryptocurrency payment to the escrow.
Seller sends the goods that he is selling to the escrow.
Escrow sends the goods to the buyer.
Buyer agrees that everything is allright with the goods.
The escrow releases the payment to the seller.
Crypto transations are irreversible.That`s why we need escrows.
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Hi guys,
I play with the idea of watching a couple of usd / jpy and at the same time yields from ten-year bonds of both countries. These two quantities correlate strongly, and when there is the difference and Japanese yen starts to strengthen, it could mean that they are going to buy more bitcoin in Japan. What do you think about it?
Japanese yen is going down mostly because of the North Korean threats.I think that the USD is going down as well.I hope that the Japanese will buy more bitcoins during the end of the summer,they will buy more btc if the yen is weaker,not when it "starts to strengthen". Anyway,the threats from Kim will stop,this is his "normal" behaviour. |
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Considering just buying a few bitcoin around $4000. What are your opinions? Should I wait until it drops in September? Will it drop in October because of the hard fork, or will it go up because everyone wants to get their share of the fork coin? Will whales push the price down in September so they can accumulate it cheaper?
Nobody can give you the right answer.Nobody can predict how the big whales will react to the segregated witness implementation.I don`t know anything about an October hard fork.Perhaps the bitcoin price will decrease one or two weeks before the hard fork just like before August 1. I don`t expect the price to go back to 3000 USD around September,unless something big happens(a war or some disaster). |
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Core development team, people helping to test/deploy segwit, bitcoin business, node owners, bitcoin users and all the fights Join the #SegWitParty! Celebrate the activation of SegWit on Bitcoin with everyone. Follow the countdown to #SegWitParty and know exactly when to open your bottle of champagne with all social feeds in one place. http://segwit.party/ I don`t want to be so optimistic about Segwit.Everything about the segregated withness implementation is so confusing.This could be the biggest improvement of bitcoin and the blockchain,or the biggest failure. I wish everything is allright and bitcoin reaches 10K USD during the winter because of Segwit. If this happens,i will open a champagne bottle and celebrate. |
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https://www.packtpub.com/packt/offers/free-learningI haven't had a chance to read it yet, but their books are usually pretty good. The offer is valid for about 14 hours from the time of this post. Please note - I have no cennectiion with the site or the book itself. Who is Albert Szmigielski-the author of this free ebook?I`ve never heard about him.Is he one of the players in bitcoin mining or one of the bitcoin core devs?There might be some useful info for the btc newbies in this book ,but anyway,bitcoin mining isn`t ptofitable unless we use mining hardware and have cheap electricity. By the way,i`ve never seen this packtpub.com website before.Looks interesting. |
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i've read a post of it can be cross and step another mile stone for BITCOIN in the 4rt quarter of 2017 it can cross 500k usd $ or also 1m USD$ what I tought was posible but i think 1M USD $ is way more time to reach than we are currently have now what do you guyz think??!!  This is the Speculation board after all.Anyone can write any suggestions about the future bitcoin price. There are 16.5 million bitcoins mined so far.Imagine that bitcoin price reached 1 million. Can you multiply 16.5M with 1M?It`s 16.5 with 11 zeros behind(around 1650 thrillion USD). The worlds GDP is around 80 thrillion USD(i don`t know the exact number).You can do the math... |
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Kenneth Rogoff, a professor at Harvard University and one of the world's most prominent economists, said central banks across the globe must start preparing themselves to introduce negative interest rates during the next global recession.
Negative rates are already in place in several major economies around the world, with the European Central Bank, the Bank of Japan, but other banks around the world would be wise to make preparations as well, Rogoff wrote in a new paper for the Journal of Economic Perspectives.
He said:
"The growth of electronic payment systems and the increasing marginalisation of cash in legal transactions creates a much smoother path to negative rate policy today than even two decades ago."
Negative interest rates will kill the financial industry and help for mass cryptocurrency adoption around the world.There`s no point to deposit money in the banks anymore.They are funded only with loans from the central banks,which print money and increase the "marginalization of cash". Thank you very much bankers.Bitcoin and the other cryptocurrencies will succeed because of your failure. |
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No,bitcoin doesn`t have a "killer app that guarantees mainstream adoption".
I don`t agree that BTCjam is a "killer app", most of the borrowers there can`t even pay their small loans.
I can`t agree with hatshepsut93 that the Lightning Network would be the killer app that will secure btc global domination.Many people are afraid that LN will have issues with double spending.
Segwit might be the solution that will help for mass bitcoin adoption,but i`m not 100% sure about it.
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Will bitcoin core team join bitcoin cash team if the value keeps rising?
I don`t think that you understand what is a hard fork. There`s no such thing as "bitcoin core team".Bitcoin cash has a team of supporters for sure. Bitcoin core users are free to buy Bitcoin cash if they want to(if it`s really possible to buy BCH,because most of the BCH miners are holding their coins). |
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Very often I see people asking here if governments and banks are going to destroy crypto, because it aims to replace them.
But what if governments and banks can benefit from Bitcoin too? Here's a few cases that I can think about.
Just like US military invented Tor for their own use, cryptocurrencies can be used by agencies like CIA for their own purposes. They can secretly fund opposition in other countries, as well as fund private companies, researchers and political figures.
Bitcoin can be used as universal global money, it's much cheaper to store and transact than gold. Many countries are unhappy with financial hegemony of USD, and Bitcoin can easily solve this problem (although centralization if mining around China can be slightly problematic).
Banks can offer their customers better privacy via cryptocurrencies.
Thoughts?
Many countries are unhappy with USD domination,but they have no choice. The central banks will never make bitcoin a global currency.This topic has been discussed here so many times. Governments can`t benefit from bitcoin because it`s hard for them to force bitcoin users to pay taxes. What can really benefit governments is the blockchain technology.It can be used to store information about health care,education,real estate properties etc.. Banks can use the blockchain and benefit from the increased security,faster transacitons and decentralization. |
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Sounds great,but the main problem is advertising.
If you want to compete against giants like Amazon,eBay,Etsy you will have to spend shitload of money for advertising your business and gaining buyers and sellers.
The other big problem is price stability.Cryptocurrencies are more volatile than fiat money.
If you want to accept bitcoin as a payment method,confirmation time can be a problem,i guess.
If you want to create such marketplace,you will have to make it social meida-friendly.
I think that the main traffic should come from the big social media giants-Facebook,Twitter,Tumblr,Instagram,Pinterest.
Good luck with your project.
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Destroying a cryptocurrency exchange means shutting down the servers and arresting the exchange owners.
Decentralized peer-to-peer cryptocurrency exchange platforms will solve this problem because there won`t be any owners and the servers will be totally decentralized.Offshore hosting is another solution.
Making buying and selling bitcoin offline easier is the most important improvement that will make the number 1 cryptocurrency independent from exchange platforms.
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