As of August 2018, there are over 1600 cryptocurrencies that exist, according to Wikipedia. I know that Wikipedia isn't the most reliable of sources because anyone can edit it whenever they want, but the point is the number of cryptocurrencies being introduced. Some of the new cryptocurrencies I've heard were DeepBrainChain, ByteCoin, IOST, and Elastos. There's also a new coin called Virie, which is apparently a cryptocurrency used to crowdfund and jumpstart the Virternity Project, a project that aims to digitized our minds, economy and the society. I believe that not all new coins aim to scam people, but do we really need more cryptocurrencies? Do we need new cryptocurrencies for every project that exists? Why can't there be one or five cryptocurrencies that all projects can use? At present, I don't think we need more cryptocurrencies. We already have more than enough. I wish there could even be a merger of some of the existing Cryptos. |
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The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago. With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash? Africa may be slow to adapting quickly to the cryptocurrency trend. This may be as a result of its backwardness in technological awareness compared to Europe, Americas or Asia. But it will still be a very good place for crypto with time. |
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Is it necessary for token or coin to pay huge amount of bitcoin or ethuruem for it to be listed on Exchange...
Why exchangers charge millions of dollars to get a token listed on their exchange?
The exchanges are also out there for business. They are aware that you will not create a token and keep it to yourself. You must trade it, and as such you must go to them. Charging for listing is normal for continuous maintenance of the platform for better services. |
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In Bitcoin or cryptocurrency world in general, you are bound to experience disappointing prices at certain times when the market does not favour you. But you should still be able to carry on and hope for better times.
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I personally don't believe Bitcoin mining causes any special environmental damage. It uses regular electricity just like every other electrical appliances. If the source of the power is clean energy e.g solar, then there will be no damage whatsoever to the environment.
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#Proof of Authentication
Telegram: @Aliu_Solomon
ETH Address: 0x0A9Ffa63E91cD33DDE9d39Ecdc7F927b5c20a21E
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You need law as things doesn't stay faithful and legal for the entire community, you leave crypto alone and unfortunate cases would definitely happen, there's gains and loses if something is freely exposed and some ppl would simply convert these processes in harmful activities that greatly benefit and harming the innocents, regulation is needed at a global level but that doesn't really match up with current positions from many authorities, there must a relationship for certain party for gains, so do regulation with all those collection of fees
Yes you are very right. A lot of innocent people have been badly hurt by this fraudulent activities since the whole thing is currently free without any form of restriction. The global regulation will help to reduce those frauds. |
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For me it has been nearly everyday once for years now.  In my own case, I have already downloaded the app and I refresh it frequently to see the new prices. That is how I keep up with the market. |
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I want to ask as a newcomer and still a beginner. What do you think about campaigns, but spreadsheets never change or don't update? Please share your experience and suggestions. Thank's.
Some bounty managers are usually not active and as such don't weekly update the spreadsheet as it should be, so don't bother, just continue doing your tasks if you are sure of the project. |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
You are partially correct. If people continue to die with their private wallet sees and password, the amount of Bitcoin actually in use will keep on decreasing with time. |
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The future of Bitcoin looks so bright which is why I am not in anyway worried about this current market status. The assurance is there that the market will bounce back.
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I have one question that really bug me sometimes, Are ICOs going to end or new ideas and projects will emerge along with ICOs. Many of us actually rely on bounty to earn other than investing. As long as there is ICO I believe there will be bounty. It will be a sad day for us if ICOs are declared officially dead.
If nothing is done to prevent the current numerous frauds associated with the ICOs, then yes. It will end someday. People are already loosing interest in ICOs. |
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There is nothing wrong in getting married at early age as long as you have the resources to raise a family. Even if the economy is not good, you can still strive on your own to sustain your family.
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I started my cryptocurrency journey around July 2017. I bought some altcoins; verge; dodge, Xrp Siacoin on Bittrex and left some on bitcoin. It was a roller coaster for me around November to December 2017, particularly with verge, my crypo investment of just about $120 grew to a little bit over $3,000. I never new on time until I opened my bittrex. It was wao!
I took out some money since I was in need about $1000. With the euphoria of bitcoin suppasing $20,000, so I watched until my investment shrinked from about $2000 to $1500, then $1000, I decided to take out some little more until I had about $800 left.
That amount have shrinked further to about $450. The worst came when I took a third of the amount to buy Mithril coin when the news came that it won a vote to be listed on binance, and suddenly it was disqualified, and the price have falling like packs of cards, more than 50% right now.
Its a question of if I had known, I would have withdrawn the $3000 the moment I saw it on my bittrex account. Who can tell the future?
But I am wiser now.
Does anyone have similar experience
I have also faced similar bitter experiences in Bitcoin. I bought at very high prices from the start, and have being praying for the prices to get back on track. But in all, I have no regret. |
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Like the saying goes, where there is no law, there is no sin.
This is why the crypto world has been plagued with so much frauds and scams. The scams in different crypto affairs from ICOs, to bounties, airdrops, mining, etc have continued to be on the rise.
Studies have also shown that the number of scam or fraudulent ICOs in this year 2018 alone, already exceeds the record of all previous years put together. This unwanted record is likely to continue into 2019 and beyond if nothing is done to checkmate it.
I am also bothered that if the series of frauds are not checked, then the cryptocurrency concept which is still striving to gain more grounds and reputation may be dead without us realizing it. This frauds has also caused a lot of ICOs longer time than necessary to complete its token sales no matter how realistic the project might be.
Much ado about the talks that regulation will end decentralization. I don't believe so.
There has to be Global Regulatory Authority which all ICOs or crypto related project must pass due diligence test before even commencing any form of bounty and token sales.
I believe this will reduce greatly the frauds or scams and give more confidence in cryptocurrency, and consequently more investments.
What are your thoughts on this?
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In terms of efficiency and transparency, I do believe strongly that Bitcoin is far a better option than the banking transactions. Bitcoin is fast and does not have hidden charges.
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I don't think KYC for airdrops offered is fair for those who joined. Some ICO with airdropping is not also fine to get KYC for tokens worth almost nothing or a burger meal is not really fine. I observed it in some ICOs with airdrops that even with giveaways like that so small needs KYC? Don't fall for it guys, not worth it.
Having KYC for peanut airdrops is total rubbish. I won't even waste my time on it allowing those scammers the chance to perpetrate whatever. Why demanding KYC for a less than 1 USD reward. |
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I never understood why cryptotraders and exchanges support ICO's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.
So in Short - ICO's are killing Bitcoin and CryptoMarkets.
I don't agree with this post. The ICOs are not killing Bitcoin or the general crypto market as long as they are the legit projects. The cryptocurrency market was never created for Bitcoin to be the only currency trading in it. |
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But how possible can this really be using bitcoin to end poverty? Do you think bitcoin can actually end inflation or other poverty related crisis? I only believe for poverty to actually be kicked out, there should be economic driven projects which bitcoin can only be used in such transactions. But bitcoin on its own cannot kick out poverty.
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