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HEY GUYS! What do you think about that forecast! https://walletinvestor.com/forecast/robotina-predictionQUOTE; If you buy Robotina for 100 dollars today, you will get a total of 2175.221 ROX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-10-14 is 2.136 US Dollars. With a 5-year investment, the revenue is expected to be around +4473.75%. Your current $100 investment may be up to $4573.75 in 2023. Is this still posible to gain 50fold in crypto within 5 years! They are bullish on ROX so I wonder weather I should hold my bounty tokens or sell them. I like Robotina but i want profit out of it. What you guys think, is this forecast real? |
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Well, by looking at what is happening in different countries, some like Scandinavian ones are testing or considering cryptomoney that could progressively replace paper money, especially Sweden which has one of the highest rate of the population paying by credit card.
However, there are 3 issues that need to be considered: IT security (hacking risks), energy/electricity market evolution (IT and the internet is highly depending on it) and regulation. All 3 are evolving at a different pace in every country and still need to be improved. But developments are ongoing.
When looking at the changes that occured in the music or in the telecommunication industry for example in the last 30 years, I would assume that one day it will happen.
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I guess all of you have also been following the latest news and development regarding cryptocurrencies. After this week bloodbath, some officials call on discussing cryptocurrencies during the next G20 meeting (ex. Germany, USA, the IMF...). Even though cryptocurrencies have become a global phenomenon, each country (the public institutions at least) has a different stance about it, from positive (ex. Switzerland, Sweden...), cautious to negative and banning it (ex. China, some countries in South America...). Since cryptocurrencies issues are touching subjects like regulation and taxes, these being specific to each country (each country competing to attract investors and money), the question is whether something will come out from global official talks and how it will affect the market.
What is your opinion about it?
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As I have been reading, Ethereum’s success and expansion is leading to new challenges: growing need for storage space, thus growing costs and at the same time issues like fewer who want to run full nodes and risk that the network could be run by few (and more centralised?). https://www.coindesk.com/blockchain-bloat-ethereum-clients-tackling-storage-issues/Developments are ongoing (protocol changes towards sharding), but not quickly enough to deal with all these challenges. https://www.coindesk.com/modest-proposal-vitalik-unveils-multi-year-vision-ethereum/But besides technical developments, since energy is a significant cost, what about countries where energy costs are pretty low and not growing sharply (okay, at the same time you need to have a stable and permanent connexion, both for electricity and internet) as well as safe/secure? Anyway, as often in our society, energy is the key...:-) |
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I’m especially following the development of the Cardano research project that is supposed to solve problems related to scalability, interoperability, and sustainability on cryptocurrency platforms. Many expectations, wondering if it will work out or rather when it will work out. https://www.investopedia.com/news/introduction-cardano/ |
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Here I found an interesting article suming up the largest ICos in 2017 and what happened with their token: https://cointelegraph.com/news/post-ico-review-what-happens-to-the-tokens-of-the-largest-icos1. Tezos Even though the project was accused of fraud and 2 lawsuits have been filed against the company, the price of Tezos tokens has never dropped below the ICO price and has shown a 12.4x return in US dollars since the ICO. 2. Bancor 3. Status 4. Kin 5. TenX When looking back at the last year’s ICOs, the most successful projects were those, which promised to make Blockchain and cryptocurrencies more suitable for common use. At the same time, the major problems that remain when launching an ICO are project overestimation and lack of transparency. Successfull projects should have viable documentation and business goals, follow the product roadmap and inform investors about the progress on a regular basis. But due to lack of proper regulation regarding ICOs and the increasing number of ICOs, caution remains the rule n.1 before investing :-) |
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Cardano has recently become the 6th largest cryptocurrency in terms of market cap, reaching above 13 billion $ (Ada token traded on US bittrex). Cardano has a great potential but it is not often mentioned in the medias. But what is Cardano? Cardano project has been going on since 2015 and created by an early founder of Ethereum, charles Hoskinson. Cardano is actually the next generation blockchain (platform with decentralised apps and smart contracts) since it addresses the need for regulatory oversight whilst maintaining consuler privacy and protection through an innovative layered architecture, being thus a great balance between the different requirements. Cardano is based on the Haskell programming language, a more secure and stable protocol. This blockchain is based on a Proof of Stake algorithm (PoS) built specifically for Cardano, which enables much greater speed and transactionnal capacity. Besides, applications can be customised to meet the regulatory requirements of a particular use case and allows an institution to create an exclusively digital financial service with full compliance. Its originality and innovation lies in its governance scheme and own treasury system. Token holders can vote on how to change the protocol, so that every ADA (token name) holder can take part. Regarding the treasury system, a portion of the transaction fees is used for future developments. Last but not least, this blockchain is also able to adapt and evolve (see roadmap https://cardanoroadmap.com ) and is basically learning from Ethereum’s problems or disadvantages in order to be become a better, safer alternative, thanks to its team of scientific academicians and technicians working on it. Even though its concept and model are innovative and addresses problems met by Ethereum, the question is, will Cardano manage to challenge its peer Ethereum? |
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On a year to year basis, the LTC has shown great results with a 3000% surge, becoming the 4th largest cryptocurrency in terms of market capitalisation (10.6 billion $).
Is this surge related to its faster transaction speed or is it actually more likely related to Bitfinex difficulties?
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Even though some analysts are warning of a bitcoin’s bubble burst due to its high volatility (rise of 1500% this year), speculations surrounding the cryptocurrency keep on increasing, especially with today’s bitcoin introduction on the Chicago Board Options Exchange (CBOE), making the trading of the cryptocurrency possible on a major US exchange.
The biggest question that remains to be answered is to what extent the regulations, in the US and abroad, will develop to address the different issues surrounding cryptocurrencies trading, among risks management and clients’ assets protection, especially since more players are keen on stepping into cryptocurrencies exchanges.
By some estimates, there is $10 billion of institutional money waiting on the sidelines to invest in digital currency today,” said Coinbase CEO and Co-Founder Brian Armstrong in a letter addressing the launch of Coinbase Custody. The total market value of all cryptocurrencies — including not just bitcoin, but Ethereum, Litecoin, and all the rest — keeps on growing at an exponential rate and is now swinging around $400 billion .
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Gibraltar is about to become the first juridiction with a fully regulated initial coin offering exchange. After publishing a proposal for a DLT regulatory framework in May 2017, the Gibraltar Financial Services Commission (GFSC) announced that the adopted legal framework will come into force on Jan. 2018. According to some opinions, the new regulation is considered flexible and appropriate for distributed-ledger technology businesses. More concretely, what does this new regulation mean for blockchain start-ups? Here are some insights into this new regulation. The regulation will apply to natural and legal persons that use the DLT for business activities engaged in “the transmission or storage of value belonging to others” and which are not subject to other existing legal regulations. Such business activities include, for example, centralised virtual currency (VC) administrators, VC wallet providers, trading platforms, VC exchanges, payment service providers, issuers of asset-backed tokens, pre-loaded VC, vouchers and wallets, and peer-to-peer gaming platform operators. Furthermore, the new DLT legal framework will be based on 9 pillars, that is to say: Honesty and integrity, fairness and clarity, maintenance of adequate financial and non-financial resources, risk management practices, protection of clients’ assets, corporate governance arrangements, secure systems and protocols, prevention of financial crime risks, contingency plans for winding down of business (for more details,please read: http://www.nomoretax.eu/gibraltar-legal-framework-cryptocurrency/ ). All these moves have been paying off so far since the country managed to attract investments from several cryptocurrency-engaged companies. However, it is important to note that some types of businesses related to VC fall outside the scope of the new regulatory frameworks, such as decentralised VC schemes (e.g. Bitcoin), DLT software developers, users purchasing goods and services with VC, and investment in VC for private purposes. It is also proposed that investment advice about VC will not fall within scope of the new DLT framework. By having taken the lead on introducing such a regulation, Gibraltar will probably continue to be one of the leading offshore financial centre. |
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Today being Friday, I found an original topic related to cryptocurrencies that I wanted to share with you. It is about a new game launched last week, called CryptoKitties, that is becoming increasingly popular. The rules are simple: Ethereum owners use their virtual cash to buy the creatures, then to bring them up, feed them and take care of them. Yes, you're right, it reminds about the Tamagotchi digital pet launched in Japan several years ago. In the first week since the laptop log-on litter launched, two transactions saw feline fans shell out more than $100,000 -- the record saw one kitten go Sunday for $117.712,12 but the mean price is nearer $131, the creators said. Bloomberg News has described the game as the first successful non-coin related application to emerge on blockchain and noted if such applications take off they could prove a rival to the $108.9 billion global PC and video games market. So, ready to invest in a virtual cat? https://www.ndtv.com/offbeat/cryptokitties-craze-has-people-spending-millions-on-virtual-cats-1784675 |
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With cryptocurrencies on the rise, more and more authorities are considering introducing taxes on virtual currencies. The latest one I have been reading about planning to do so are the South Korean ones.
As introduction here, it is worth mentionning that South Korea is actually the world’s No. 3 market in Bitcoin trading, after Japan and the U.S., and the largest exchange market for Ether, Ethereum’s cryptocurrency, accounting for more than 33 percent of its market share. The country is also home to two of the top 15 global digital-currency exchanges (Bithumb and Coinone), both of which have built walk-in centers where investors can conduct transactions in person.
But as in many other countries, South Korean authorities are very cautious about cryptocurrencies. In September, the country’s Financial Services Commission (FSC) ordered a ban on ICOs, while only that month start-ups there managed to raise about $89 million in digital token sales. Unlike China, South Korea has yet to implement its ICO rule and did not make companies return ICO funds. It also continues to let Korea-based investors put money into foreign ICOs and digital-currency exchanges to operate within its borders.
So, in addition to the ICOs ban, the FSC has in mind to introduce a value-added tax, a capital gains tax, or both on trades, with the help of financial authorities.An official decision is expected within the first quarter of 2018. If the plan gets implemented, South Korea will become one of the few countries to tax cryptocurrency-cash exchanges. Among the few countries doing so, so far: Germany and Singapore.
Besides, the FSC has also in mind strengthening the KYC policy by making it compulsory to collect users’ transaction data.
As regulations in every country, South-Koreans will probably find a way in order to avoid heavy taxation if such would apply. There are always other solutions, especially when money is in the game :-)
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Bank of America just won a patent to develop a crypto exchange system. Here is a short extract about what the patent states: Enterprises may handle a large number of financial transactions on a daily basis. As technology advances, financial transactions involving cryptocurrency have become more common. For some enterprises, it may be desirable to exchange currencies and cryptocurrencies. The proposed system — which is, at present, only a patent and not yet a fully realized system — has three facets: the customer’s account, and the two businesses running the system. Like money in a traditional checking account, the customer would store their cryptocurrency in an account. The second account would hold currency to be sold, and the third would contain the currency the customer is converting to. It's definitely not a surprise that more of the major financial actors want to get somehow involved in cryptocurrencies. I would expect both pure crypto companies and financial actors working more closely together in the near future, not exclusing M & A either since the market needs both type of companies. Here is the link to the article I was refering to: https://futurism.com/bank-america-wins-patent-crypto-exchange-system/ |
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I wanted here to discuss the interesting and inspiring topic of decentralised exchanges. As a newcomer and newbie, some other aspects probably need to be also addressed and developed, but it can be a good base to start a discussion and get further opinions on the subject :-) Even if decentralised exchanges are offering advantages based on the inconveniences of the centralised exchanges, there are still some features that need to be improved in order to gain a broader customer base and extend the number of transactions. Challenges to be adresses by decentralised exchanges In order for decentralised exchanges to rivalize and be competitive with centralised ones and being able to keep on growing and attracting more customers, many issues, mostly technological and legal ones, remain to be addressed. Developpers are actually being working on them thanks to funds raised through ICOs. The main challenge being liquidity and trade volumes, players have been working on improving several features that would enable the decentralised exchanges to become technically more user friendly. Some solutions like multisignature addresses, account management system, transactions notifications, possibility of exchanging to each currencies with another, different assets' management (open plugins system) and asset-to-asset exchange, cross exchange, multiple languages support are being developed (ex. nvo.io). Another aspect being KYC issues, some solutions are also beeing identified, even though not being ideal and sometimes expensive (exchange for fiat outside of any exchange, at meetups or using crypto debit cards). However, improvements are ongoing with the development of exchanges built right into the wallet. Regarding AML requirements, some decentralised exchanges found some ways to bypass them by supporting transactions between different cryptocurrencies while not offering the possibility to that they cannot currently exchange cryptocurrencies with fiat currencies. However, solutions such as trade limitations to prevent fraud and extortion, dedicated arbiters as well as security deposits (lock-ups with multisignature addresses) are also being implemented (Bitquare). Future outlookEven though both exchanges offer pros and cons, future development would probably lie into a closer cooperation or integration of their market players so that both would gain in knowledge and expertise and propose more reliable and accessible solutions. Despite being critical towards cryptocurrencies, centralized exchanges started to develop their offerings, including wallet and brokerage services, as their customer bases swell due to skyrocketing cryptocurrency prices. Some of Wall Street's big players are also eyeing on cryptocurrencies and seeing development opportunities and possibilities of making large profits while keeping costs low. Goldman Sachs expressed their interest in developing a cryptocurrency exchange and trading platform in the nextcoming months (market penetration maybe through acquisitions), while JP Morgan, sending mixed messages, started also trading cryptocurrencies (newsbtc.com , coindesk.com). Another possible development would be the possibility, for centralized exchanges in various jurisdictions, to tokenize real-world assets, which would then be traded in a decentralized manner. On the other hand, some newcomers also understood the benefits of both exchanges' integration and are launching hybrid models based on that idea as the example of the openANX platform, whose goal is creating a truly open source and decentralized platform that uses a hybrid model to integrate the key strengths of the existing centralised exchanges and proposes significant enhancements such as credit risk assessment, structured dispute resolution and a collateralized deposit system. Sources: https://news.bitcoin.com/decentralized-exchange-airswap-gets-attention-aftermath-chinese-crackdown/https://cryptortrust.com/2017/01/06/decentralized-exchanges/https://nvo.io/assets/whitepaper.pdfhttps://kyber.network/assets/KyberNetworkWhitepaper.pdfhttps://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdf |
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I’ve been following the announcements surrounding the Bitcoin Gold launch, and it seemed full of expectations (PoW, mining hardware etc...) or it was just good marketing. Anyway, when looking at the prices this morning, it didn’t look that bright: https://coinmarketcap.com/currencies/bitcoin-gold/Besides, looks like security and protection were not the best. Then, I wonder if SegWit2X will be implemented and if other forks make sense. Looks almost like making money just with air... What do you think? |
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