The answer there is the alternative operation of a network via proof work fees with separate operation from the wallet holders themselves.   Which operation do you prefer because Proof of stake is more scalable to the small distribution amounts of users not so much the big business and factories that POW creates.  

I'd rather see the distribution and involvement across the community with POS.     POW is a factory location possibly centralised to one country which is dangerous when China is not friendly to crypto and so the network is secured by a potential enemy to the coins survival surely a potential problem ?   A communist party in control can and will seize private property for the good of the government and of course me being 10,000 miles away doesnt have any say.

Where as with Energycoin you can be the person who helps confirm transaction and you will receive a regular stake in that process.    Please consider how negative Bitcoin fees become to the sucess of crypto when they charge $30 to even the poorest of people who just wanted to move little bits.   Energycoin doesnt even cost 1 cent, anyone at all can use it if they like and have no worries about needing to send twice.

Utility ultimately determines price and worth to holders I think thats the big deal.   People should be worried about large fee costs choking growth and also the miners themselves incur massive bills in their business, they feel they must charge the large fees I think.   They are in a far worse place imo

The trend was decline from ATH and that has reversed with a break of that trend.    That alone is bullish on a similar time frame to the original price pullback.    Now the market constructs action to further a bullish trend while navigating potential sellers from prices overhead.   It should normally take longer to rise then it did to fall, so I would double or triple the ATH to bottom time frame when considering recovery.

Heres my take on trend short term


https://i.imgur.com/R12bCeB.png

They dont respond to emails since November.    Lodge your details on the thread I have started for reputation of HEROCoin.    KYC also means paying what is owed eventually not that it is forgotten and we the members of Bitcointalk will make sure that happens for the ongoing allocated tokens for publicity that is so far ignored.
https://bitcointalk.org/index.php?topic=2892870.msg29743762#msg29743762

I've seen this attitude plenty times before with companies vs indivuals, I dont give up just like that, I'm not that weak or appreciate being judged that way.  I want anyone in a similar position to just help us construct a reasonable argument to proceed with and post as many details as possible please.

http://www.ibtimes.com/cryptocurrency-icos-must-stop-flying-blind-money-laundering-risks-2631057
Heres an article on KYC which is the reasoning by the company for not paying what it owes.   They are misusing this as a reason to NEVER pay which is not correct, I'm happy if anyone can post evidence to support such a stance.    Individuals must unite to correct his mistake, I'll also be starting a petition regarding the KYC so post your opinion on that also.    I do hope this company is successful and I wont give up because I'm involved in Counter strike and esports for the best part of 20 years now and that is why I took an interest in HEROCoin to begin with; but to ignore people on KYC is a mistake I'm fairly sure and there is evidence more then a few people did not have a chance to receive payment after being promised payments would be sent.   Its very possible for this token or value to be paid legally and I want nothing else

I have to agree with the diagnosis of oneitis there.   Going to state the obvious, Crypto doesnt work on top down or command economy with 1 guy at the top.    RIpple maybe is arranged in that way.    If any coin were that reliant then we are already in trouble, its been that way for years that is a system of many nodes providing confirmation not 1 central figure.   For some reason FIAT is completely biased to this idea and we are seeing millions of people suffer losses from their money via inflation or outright like happened in Cyprus. 
   Its got to be distributed and BLK with POS does a way better job of that then BTC with its various problems, apparently the Lightning network has serious drawbacks and flaws to it.   I'm interested if people think its a serious challenger in the faster, cheap transaction market.  My take is its a proprietary type solution not really a proper fix

vid I saw on it - https://www.youtube.com/watch?v=DFZOrtlQXWc&t=1211s

Deflation was the norm when a gold standard was part of the US dollar system.    Over peoples lives the prices would actually drop considerably, its beyond living memory now as the Federal Reserve has been around since 1913 but at some point in history its previously been the case as now with Bitcoin that older prices always seemed higher.
  Technology would be one example still true, with rapid growth most prices from 2 years ago should appear far too high for that part.   Mostly what they do there is rebadge the brand to reflect the new level given for the price, maybe comparable I dont know.   Bitcoin itself now is far larger, the forum itself must have much greater reach then it did previously so its kinda upgraded over time also?


Actually I came to post a question on donations.  I have involvement with an ICO scheme that refuses to pay participants who did not present a passport or similar ID in 14 days.  I'm suggesting the company instead of ignoring the payments due to individuals, the successful ICO actually pay this forum collectively as they based part of their ICO and publicity off the back of the costs paid by this forum.

The donation would probably come in the form of crypto tokens (created in the ICO) of some worth on an exchange, would that be acceptable.   As per the original FAQ I'm going to suggest they contact Thermos as the amount should be well worth the effort but if anyone else can confirm a correct route that'd be good.

The main point on this donation would be KYC must be cleared hence the previous troubles but Im stating this forum would have no trouble clearing such a requirement as the company is complying with Austrian legislation.

He no longer has to sell the coins in the wallet itself.  He can employ the services of a financial institution to sell futures contracts with the wallet as his security on this speculative bet.   Or at least this happens all the time with stocks, companies continue to hold the voting rights on the company stock but engage in the market to speculate on the price itself.

Miners have the vote not the wallet in this case but I think its possible this wallet contents are already engaged in a wider business or distribution but its not exactly apparently just by looking at the transactions.   Considering possible fees its far more efficient to move his interest about by promissory notes, just like happened years ago with other assets.   Obviously gold being the most obvious example of a heavy object rarely moved physically as its completely replaceable in another place and only the note of credit or debit needs to be applied to peoples balance.

Put simply this wallet could just be an exchange type balance, I expect someone already knows the answer to this.  

 Opps I see the guy above knows exactly, I was right     On the FLIP side people do fear large wallets like this can be seized by governments in unilateral moves against BTC, obviously not every country in the world is free or legally justified.

Better to sell on the way up, buy on the way down they say though getting off on the first rung of the ladder would appear silly later.   I dont think this is the first rung somehow.

Theres a double touch of resistance in quite a short period of time,  seems relatively bullish.    Broken a downtrend obviously but also a good regular uptrend since then represents some return to strength.

This resistance now seems like it would be quite significant, its matching late November action again - the final dip before the big rise.   Then again its also the support on the decline from the ATH, mid December a quick touch and then we dragged along the rocks here late Jan before doing damage enough to descend lower.   Here we return to do battle with this rough area around 11,259  

Also it shows as a 261% Fib line, to what event Im not sure.   One of the Chinese sanctions in autumn 

Yep I understand the company wanted to field KYC on participants.   The main problem is the amounts due disappeared during this process, KYC legislation doesnt require this.  It was a self made company policy.    The legal part is justifiable but not that the ICO failed to pay out allocated amounts due.

If individuals cannot be paid for whatever reason they could have helped pay this forums cost, a variety of charties could have been credited as recognised institutions, any number of options besides disappearing allocated tokens could have been taken.   Bitcointalk as a host to the companys campaigns provided services and with a successful ICO a payment could have been justified.

   Instead they used participants to gain free advertising on this forum and elsewhere and value promised in payment for this disappeared. There is an ongoing reasonable expectation to payment that will not be resolved until HEROcoin addresses it.

  No company can permanently excuse itself from debts using KYC legislation in this self appointed way, I'd like to see an example of that legally occurring in Austria, USA or anywhere.   If the company wants to operate legally then thats great, I'm glad to hear it and I look forward to this issue being resolved.

If the company continues to be unreasonable in its operation of KYC legislation then I ask participants on this thread state their case in a better way then the company managed.   Maybe HEROcoin was rushed, I can understand mistakes but so far no attempt has been made to correct any mistake.


Thats similar to what happened with myself.  I was in contact with the campaign manager for Bitcointalk HEROCoin's operations but did not hear of the newly fielded KYC documentation requirements until they had decided to stop answering requests.  No attempt was made to communicate via the manager, surely a basic point to any company operation.  I checked the forum, the thread regularly but unfortunately the Bounty thread was not updated in the week before the deadline.
  There was a failure in communication, again I think it was rushed and people did not get paid because of that rush.  I dont believe thats ok to forget any ongoing debt.  I put a screenshot below:

If you can post your own information of the Tokens amount due and you're participation similar to what you already posted during the Bounty we can bring this debt to bare so long as everyone updates this thread regular, it will improve the ongoing case with HEROCoin ICO Token allocations.
Please stay reasonable in discussion, I dont believe any of this was malicious and this kind of mix-up is one I've seen previously


No update in requirements occurred in the week before a deadline to notify these participants a change had occurred to their payments after the ICO campaign closing

I dont know about all of them but I'm a holder of some Proof of stake coins since 2014 and the exchanges have never taken part in staking or transaction confirmation that is the purpose to holding a live wallet and being part of the network.

Exchanges are famous for being attacked and compromised and the basic security most take is not to leave assets open in a single hot wallet.    I dont believe any take part in cold storage staking if that were possible.  
You can tell Bittrex is not secretly staking because they form such a large percentage owner of many coins.    Their absence raises the rate of return for all the small holders.    What might be 2% return turns into over 5% because so many coins are left trading on exchanges not really in control of the owners.  
Bittrex has a giants footsteps, if they made moves to do anything in secret we can tell because it shows up on most coins transactions.

You definetly should be holding any POS coin because they need you to provide security, distribution and help confirm transactions.   You are basically enlisted as a simple miner, its what makes these coins so cheap to use and adds network value.   Bitcoin has the big problem of a piper it must pay constantly to hash transactions, a few big commentators have noted its an increasing drag on its efficiency and ongoing operations.  Ripple thinks they will take over now partly due to this reasoning, I hope not so please do Stake.

ETH may switch to POS later this year, fairly massive news as I rate ETH a contender to the throne and that switch (to lower fees) might even do it

You can delete your previous post if they have now made payment, should be an option for every rank I think ?   I received payment as promised, much appreciated

At present computers lack originality and random variation.  Famously computers cannot be trusted to be used in lottery schemes because its too easy to engineer or scheme the results they produce, many multi million dollar schemes result to natural variation in results.  Ultimately computers only do what they are told, AI is very much behind in what it should be doing so Im not convinced they would do well in poker especially.

https://thewest.com.au/news/offbeat/how-computer-programmer-eddie-tipton-rigged-lotteries-around-the-us-for-a-2-million-score-ng-b88573886z

Computers could alter their choices but it would always end up predictable and not a safe way to earn an advantage.   A good program could beat a poor player at least as a standing advantage as the person will learn, so its possible 1 program could be superior over another in some way I guess.

It may goto 5k and it may goto to 25k because either is possible   We have to guage the probability of one occuring before the other but either event is decided by supply and demand.   I look at the charts and see we break a simple trend of decline since the all time high, that alone makes me more bullish.  It means regular selling is no longer occuring, some might have stayed away or sold early may now reenter the market.

I'd just go by experience and say 5k is less probable now then when you originally stated it, that time has past.   A new forecast must be made as we entered into newer trends then the simple decline of the last month or so.

Its a similar dynamic for all kinds of alt coins across crypto even when some of them are more capable and possibly with greater growth potential then the original crypto currency Bitcoin.   Its because I think alot of alt coins receive purchase in bitcoin not cash, yes there is a link to cash for alot of coins but maybe the main pathway is Bitcoin itself.    

So the price of Bitcoin sets the gold standard for the value of all other crypto to some extent.   Maybe it shouldnt be that way but as the original and longest standing blockchain it has the widest path to dollars.
Of course you dont have measure success against Dollars anyhow, that in itself is a failing standard from 60 years or so ago.   Its broken a long time now, its only stlll there at the centre of global trade because of politics   I'm sure I remember some famous phrase, if you only measure your progress by the competition you will never really succeed.    I hope to see many crypto standards surpass Dollar for integrity and worth to its users.

Theres no need to be rude.   Im sure like everybody theres commitments in other directions, thats life nobody can guarantee they'll always have time on this exclusively.  I'd rather people be positive on the standing contributions in time and effort, we all appreciate that.   We're lucky we got a wealth of talent able to keep adding, thats a real strength in Blackcoins favour

Bitcoin has broken a downtrend since its ATH.  Thats big news in its influence overall for crypto, Blackcoin is doing battle with the .000039 area roughly but its also outside its previous downtrend so I see action now as establishing itself beyond that now


Blackcoin is an established coin, I see tons of discussion on gitter including how influential BLK has been in Proof of Stake.  In 2018 we may see some of the largest crypto economies switch over to the Proof of Stake standard rather then Proof of Work.   Theres very good reasons why this will keep happening, it'll likely bring alot of attention to the established POS coins like BLK

Why is optimism only measured in large numbers.   Maybe I think laterally not purely in height of a chart, the real advances in Bitcoin is not going to come from it becoming more expensive.   If this is a grand lotto scheme then sure the prize we want to be bigger, simple as can be.

I would prefer Bitcoin to become far more intricate and detailed in its growth.  Capable and sturdy of handling the weight of the world that might rest on it in troubled times as we transition away from a singular country's domination of world reserve currency and those trade advantages that serve the West.

The whole world gains if we can do business better, if crypto development can become part of that it'll be a bigger number than would've ever be imagined to be gained, it will be exponential.  It'll enable 7 billion people in equal and fair commerce not biased to one country or set of politics but towards creativity, production and efficiency.    The gains would be regular and small, not bound to 1 bitcoin but in peoples advancement within the smallest transfers of Satoshi bits.

I'd love to see this more then just many zeros on the end of a number

Crash is over used as a word, pullback in bitcoin is normal even if its 50%.  Actually we declined at not a great pace, normally a big crash is like a day event where prices suddenly reverse beyond the control of anyone and faster then even the news can describe.

We didnt really crash, it declined over more then a month.    Thats pretty steady by crypto standards I reckon.   But sure I agree generally, its more harmful if we dont pull back to confirm previous prices.

Distribution raises and expands involvement is how I've read it described.

Just wanted to confirm I have in fact already received my Ethereum payment to my wallet as promised, very fast.  Thanks and very easy to do

I had that, you have to read all the information back and confirm its an ongoing issue.  Its a way to clear out the duplicate tickets that build up in their system, call it priority checking.   Its preferable to them wasting time on anything that might have already been solved I guess.  If they only have limited resources, they've automated part of the process to try and get the queue refined.

Theres alot of accounts with casual owners and some that need far more urgent solutions.    I dont have a great reliance on Bittrex, I would advise crypto users to spread their use to a number of different solutions never just one exchange anyway.  But I got similar and the ticket was eventually resolved after confirmation.

Crypto is best used in a distributed way, thats the backbone of its strength and continuation I think.  Regardless of the brand its best to split up any dependency on centralised sites.  

They
Bittrex sub contract part of the verification process I think.   I also was able to pass, bit upset that I dont remember receiving an email on the issues but at least it was possible to resolve the problem after the fact with some effort.
I have also since contacted them to change my details, again required more use of a government photo id and contact over a week but it was done.

The last issue was with ETH deposits which were not being credited, this has taken over a month but the last deposit did dislodge all the parts made previously so that too has been resolved.    Just calling it how I see it, obviously peoples experience varies but I hope it also gives some hope to anyone waiting that they do work through issues.   There are worse companies out there to be bound to.

Trinity is more user friendly then ?   That alone would be something to be bullish about as the vast majority of users are just casual consumers of crypto currency rather then especially clued up on the internal workings of what makes blockchains especially different to anything else I think.
  Thats a plus and a negative, theres a burden on developers to round off the sharp edges to prevent people accidentally screwing things up.   I do think crypto in general wont go far without passing the drunk test, ie. just how bad or good is it for people paying for their drinks or meal while drunk when out on the town.
   The banks themselves are in this kind of APP market trying to encourage people to pay with various convenient methods.  Of course that side is FIAT based and I really want to see a super easy crypto standard that cant be screwed up by putting a dot in the wrong place or pressing the wrong button in haste and paying a $600 transaction fee like I read one charity did after receiving many donations to its wallet


Thats the nature of success, people wander into this who are only half interested.    Some of them are intelligent and can self navigate eventually and some need a warning sign every 5 metres they venture