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1  Alternate cryptocurrencies / Altcoin Discussion / Re: My top 3 altcoin picks for 2018! on: April 15, 2018, 03:34:20 AM
My picks and why:

EOS - great project that is almost ready for mainnet launch and is headed by Dan Larimer
ICON - because it's a great project and is run by Koreans, who love crypto
XMR - because it's now one of the main darknet currencies, and that's pretty much how Bitcoin got so popular
2  Alternate cryptocurrencies / Altcoin Discussion / Re: If you had to put all of your money into only 1 crypto, which would it be? on: April 15, 2018, 03:24:09 AM
If I had to put all my money into one coin right now it would be EOS.

Why?

EOS is very similar to Ethereum in that it is an operating system on which to build apps, but it has many advantages over Ethereum, particularly the number of transactions per second (10,000 compared to 10).

Also, it's due to launch in July, which means the price will probably go up quite a lot over the next few months. Unlike other similar projects, it's almost ready.

The main developer of EOS is Dan Larimer who has already created two other successful blockchains - Steem and Bitshares. So he obviously knows his stuff...

The current price will well below what the price will be once the mainnet launches and people see how easy it is to build apps on this platform on a commercial scale.
3  Other / Off-topic / Building a social/educational site for crypto/[Suspicious link removed]munity on: April 15, 2018, 03:17:02 AM
We're currently creating a new social/educational hub for the crypto and [Suspicious link removed]munity where people can teach, learn, and network on anything related to blockchain or cryptocurrencies.

The platform will provide a range of different free and paid content types: articles, videos, podcasts, and online courses. This can be anything from trading strategies to blockchain development to ICO and airdrop reviews.

It will also have its own token based on the EOS blockchain. The token won’t be sold in an ICO or given away in an airdrop, but will be distributed to content creators based on audience engagement with their content (in a similar way to how Steemit works). Advertising on the site will need to be paid for in this native token - which will give it value and enable content creators to redeem their tokens if they wish.

Users of the platform will also earn small amounts of tokens for their activity, consumption of advertising, sharing of content to other platforms, and referrals of friends. This will promote early adoption and viral marketing.

Apart from advertising and paid content, we’re also considering a number of other ways to monetize the platform, which will give even more value to the token. 

We have a number of possible ways that we're looking to work with individuals and businesses:

- Working with content creators who want to get great exposure and get paid for their content (they will be paid in dollars for their paid content and in tokens for their free content)
- Providing advertising for existing businesses such as exchanges, ICO promoters/reviewers, consultants, trading educators, etc.
- Creating partnerships with promoters, influencers, and advisors

We are currently in the process of developing the platform and are hoping to launch later this year.

We are already in negotiation with a number of key influencers in the industry so are hoping to get good traffic from day one.

If you’d be interested in discussing how we might be able to work together, please let me know.

If you've got any suggestions for how to better serve this community, please reply to this topic Smiley





4  Economy / Exchanges / Re: How would you build an exchange? on: February 27, 2018, 11:48:53 AM
As someone who has done this in the past, I'd have to say you need a team, more than anything else. Even if you are the most skilled bitcoin, web front and back end developer in the world, you will still need a team to handle the day to day running of the thing.

Support requests are an utter nightmare.

On top of that you DO need to have cutting edge bitcoin security knowledge, or it will get hacked just when it gets off its feet enough so that people start taking notice, and then you'll be in some serious trouble.

You'll need to hire proper bitcoin pen-testing hackers on a regular basis to carry out white hat attacks on the site.

On top of that, you'll need to have top-notch back-end systems architecture guys on the project to handle scaling, as the adoption curve for these things is exponential, so if you have bad architecture, you'll be screwed because it won't scale.

To summarise, this is not a simple project, in fact, probably one of the most challenging projects you could possibly undertake.

There is a reason Poloniex just sold for $400M. It's not easy to do.

Cheers, Paul.

Thanks Monsterer... Some great advice there Smiley
5  Economy / Exchanges / Re: How would you build an exchange? on: February 27, 2018, 05:59:08 AM

Short answers for the questions above:

I would not ever use existing source codes.
Open source is tempting easy way to build something fast. However I always consider simple rule of thumb "If something is literally money-printing press, why it is free?" Even though I might not know what is wrong with the source, I don't want to waste time and money to find out. It can be anything from inability to handle loads to poor algorithmic or backdoors injected into it. I simply don't want to find out.


I would not try doing decentralized exchange.
I don't see how it is possible to create both scaleable and fast decentralized trading platform. I have been reading lots of suggestions and projects but they all are deeply flawed and crippled compared to professionaly made exchanges.

What would be my obvious focus? Customer support. I see even best players on the field mishandle or neglect customer support and public relations.


Thanks Colorblind Smiley

I agree that customer support on most major exchanges is pretty bad. Although I guess to be fair they've probably had huge increases in users in the past 12 months and are struggling to deal with that... Customer support in any business is essential.

I'm not so sure about not using Open source. I'm pretty sure Binance is based on Peatio (although no doubt heavily modified) and it seems to do OK Smiley I know there has been quite a bit of work done on the Peatio exchange recently by the Peatio.tech guys for their own use and that has no doubt improved it greatly as they're going to be using it for a major exchange I think.

The other things I think seem to be missing on existing exchanges: very few have fiat currency support (and instead use USDT which is on pretty shaky ground at the moment IMO), customer service as you mentioned, and also support for smaller coins. Cryptopia has lots of smaller coins but their customer support is terrible and their platform in general is not very nice to use.
6  Economy / Exchanges / How would you build an exchange? on: February 27, 2018, 03:36:32 AM
If you were going to build a new cryptocurrency exchange, how would you do it?

Would you use existing open source software such as Peatio, would you create a custom made platform, or would you try to use one of the existing decentralized exchange platforms?

Consider from a business perspective as well as a developer's perspective...  Smiley
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹 on: January 02, 2018, 01:53:29 AM
Hi Everyone,

I've just come across this project and it looks really interesting. However, I have a question. Sorry for my ignorance, but I'm still trying to get my head around how everything in this crypo world works!

My question is this: how does the wallet system work on this exchange?

For example, if I have both an XVG wallet and a BTC wallet in the DEX, each with their separate address, how do I know what the private key is for those wallets?  Can I access those wallets from outside Cryptobridge, or only from inside?

Are those wallets addresses that are actually on the XVG and the BTC blockchains, or are they somewhere else (on the cryptobridge blockchain)?  If they are not on the related blockchains (XVG and BTC) where and how is the currency stored?

Any information about this would be greatly appreciated!  Smiley

 

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