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1  Economy / Scam Accusations / Re: Lone Shark attempting to extort Bitcoin Cash from customers on: August 02, 2017, 12:50:09 PM
Um, how is this extortion?

In my opinion if i was the lender i would have done a similar thing. Because after all, logically speaking after the fork bitcoin cash + bitcoin would equal to roughly the value of 1 bitcoin before the fork. There could be a scenario where the price of bitcoin drops dramatically as a result of the fork, clearly it didn't happen this time but it is a possibility.

I'm sure that Lone Shark is financially secure enough and probably don't even care about 0.03 BTC or so.

He didn't threaten his borrowers, he simply asked them to either repay the loan or pay bitcoin cash + bitcoin, which they will get anyways[1].

Anyways he has waived all bitcoin cash repayments [2] anyways, so if your agenda was really to help the borrowers then you already have seen your desired result. But i feel like you're just launching a personal vendetta on Lone Shark...

Everything about your post is messed up. But I will try to explain-
[1] You are assuming they still had the BTC at time of fork and got BCH. What if they borrowed BTC to pay for urgent dental work for their grandmother with the intention of buying back BTC from her next government check to pay back the loan? With the demands from Lone Shark, they would now need to pay back more than agreed. Not fair and may not even be possible for grandmother.
[2] Lone Shark has NOT 'waived bitcoin cash repayments' which he had no ability to waive anyway. He did not state in his post that no BCH was due. He simply gave borrowers the option to repay BCH. Very different things.

Please keep borrowing from Lone Shark as you see fit. That is your rightful choice. And please comment in this thread as you wish, but please try to first get a full understanding of what is being discussed.



2  Economy / Scam Accusations / Re: Lone Shark attempting to extort Bitcoin Cash from customers on: August 02, 2017, 12:30:42 PM
Um, how is this extortion?

In my opinion if i was the lender i would have done a similar thing. Because after all, logically speaking after the fork bitcoin cash + bitcoin would equal to roughly the value of 1 bitcoin before the fork. There could be a scenario where the price of bitcoin drops dramatically as a result of the fork, clearly it didn't happen this time but it is a possibility.

I'm sure that Lone Shark is financially secure enough and probably don't even care about 0.03 BTC or so.

He didn't threaten his borrowers, he simply asked them to either repay the loan or pay bitcoin cash + bitcoin, which they will get anyways.

Anyways he has waived all bitcoin cash repayments anyways, so if your agenda was really to help the borrowers then you already have seen your desired result. But i feel like you're just launching a personal vendetta on Lone Shark...

From the words of UFCkid, "perfectly worded"

After I posted that I will renounce the BCC (or BCH, whatever), he stopped replying here. Likely this guy is one my of borrowers that just don't want to pay that part. Note to that guy, next time just PM me. Every one of my borrower knows how considerate I am to them.

Some times sleep takes priority.
Lone Shark I am not a borrower. I got concerned about fellow forum members who are borrowers of yours. You do not operate in a silo here. You do not pay theymos commission on your lending business profits. What you do on this forum is open for all to comment and have a say. We are a community. Some of us take an interest when we feel others are being taken advantage of and stand up and have a say.

I do not know Joel. I am not Joel. But Joel has understood the issues I was addressing correctly. I see he took over where I left in trying to get the point across.
Thank you Joel.

Lone Shark, please re-read your post again and decide whether you gave your customers an option. Whether your change of terms were fair. Whether a debtor would have felt comfortable in speaking up against you if they disagreed with you. Your post was a poorly disguised threat to pay up with no real options. Just because you made the 1st line of the post large and in red didn't instil absolute authority in you.

!!! NOTICE TO MY BORROWERS WHOSE LOAN WILL BE DUE AFTER AUGUST 1 !!!

-----BEGIN BITCOIN SIGNED MESSAGE-----
Loneshark | July 20, 2017

This message is for a public announcement to my borrowers who have loans due after (or near) August 1, 2017.

Due to possibility of an impending soft/hard fork and possible splitting of the bitcoin network, I am informing my borrowers of a few things.

1. In case there would be a hard fork and the network splits into multiple blockchains (which means there would be multiple bitcoins), your loans will also be for multiple coins. (Ex. If you owe me 0.1 Bitcoins and the network splits into two resulting to having bitcoin1 and bitcoin2, you owe me 0.1 bitcoin1 and 0.1 bitcoin2.)

2. I will give an incentive of discounted interest (up to 50% off) to the people with loans due after August 1 to pay now or before August 1. Send me a PM and I will recompute your loan.

3. If in the event there would not be any splitting of the network, then the loan terms will remain the same.

4. If it does, however, you will still be liable to me for multiple coins as I have given you notice and ample time to settle your loans before August 1. You cannot say that after August 1 that you cannot pay the other coins, because your exchange or wallet only gave you one coin.

If I do not receive a response from you, I would assume you have agreed to the above terms about multiple coins.

Please be guided.

Thank you. Hoping for your cooperation and understanding

Cheers,
Lone Shark
-----BEGIN SIGNATURE-----
1SHArkGXkgvz4id6ih7bSuDqTM4gFHV6i
GwE+h9GOlLUtAAJzfFvVBKKdDQ7hbFlandAaDN7HQKo/GvuN2h4gwvv1HP+4PJVAdO/OTp3y5Gni5XGucycBwTI=
-----END BITCOIN SIGNED MESSAGE-----

To verify message, please remove any bbcode tags.


Lone Shark, you went from the above position, to the following after I raised these issues-

Since I don't have time to argue with this asshole kid, UFCKid.

To those who have pending loans with me which is due after august 1. It is optional for you to pay the BCH.

.
.
.


I did not make this thread in Scam Accusations, it was moved here by moderators.
I made this thread in Lending. The issues I raised were lending issues and I believe that is where this thread should still be. I have PM'd Cyrus requesting
"I would like the thread reinstated to Lending because it deals with the issue of lenders trying to charge borrowers both BTC and BCH in repayment of their BTC loans.

The thread covers lending issues and is not a scam accusation. I will change the thread title to make it more lending specific if you prefer.

This discussion needs to be had in the lending section as it applies to numerous situations."


It is up to Cyrus and moderators where this thread sits.

Lone Shark you must have accepted the points that have been made were fair, hence your change in position. And even if no borrower of yours had a problem with what you demanded, the raising of this issue was still valid and may help the next guy down the road. We all want this to be a fair community where members feel comfortable. Surely you can agree that too much crap goes on and people take advantage of others all the time. I do not know you and I am not trying to harm you. I am trying to protect this community.

Peace. May the Bitcoin serve you well.



p.s. Please remove the negative trust. It is unwarranted.




3  Economy / Scam Accusations / Re: Lone Shark attempting to extort Bitcoin Cash from customers on: August 02, 2017, 05:13:53 AM
This is a community and we collectively decide what is fair and right. You are neither.
What is "fair" is not necessarily what was agreed upon. Some may argue that the interest rates that Loan Shark is charging (and what his borrowers are agreeing to) is unnecessarily high, however his borrowers should still pay this interest rate because it is what they agreed to.

The interest rates that most borrowers charge around here would probably be considered "predatory" in much of the Western world.

I am not so sure that it is appropriate to ask for both BCH and BTC for outstanding loans. I don't see anything in his loan agreements that would compel his borrowers to repay both BCH and BTC. One party to a contract does not have the right to unilaterally change the terms of the contract without the other party of said contract accepting the modified terms.


I would also point out that BCH is trading at roughly 0.179 BTC and BTC is trading at >100% from where it was trading only days ago, and is roughly at the ATH.

I would say that interest paid by borrowers is what compensates Lone Shark for the loss of being able to use BTC for whatever he wants, including to use it to receive BCH, when possible. if Lone Shark was not lending out his BTC, he would have the opportunity to lend it out on bitfinex (or another exchange), or invest it in an ICO, or invest it elsewhere, and it would not be reasonable to have borrowers repay hypothetical returns on these investments plus interest for the loan.  

Again perfectly worded. Someone that sees the bigger picture from a fair perspective.

Thanks.

You are not wrong.
I am pro-choice. If someone makes an agreement than that is their choice. That is what they are responsible for. There is perceived higher risk for lenders here and they can charge what they perceive compensates. What really made me go wtf is when i read in Lone Sharks thread someone wanting to clarify that they now owed him BTC plus Bitcoin Cash like they had no say in the matter. I wanted to make a few points so they felt comfortable in speaking up if they disagreed with his demands.

In no way that I prevented them from speaking up though. I clearly stated all the facts to them and if they have a disagreement with it, they were always free to pm me or post on my thread.

And why are we even really discussing this in-depth. In total, the people who owe me have about 0.2BTC remaining. To be honest, if they reacted to it that they don't want to pay the BCC, then I would have bargained and not ask for its payment. But, again, they agreed. A lot of them through pm and some even wrote a message that they agree.

I only retaliated to you since you are a hostile asshole. If you wanted a discussion then we could have talked properly in a civilized manner. But no. You chose the ugly route of things.

Again, I don't even know what your interest in this. If the people I contract with agree with it, so what is your problem?

I got upset when i read one of your borrowers post on your loan thread wanting to clarify that they now owed you both coins.
I feel you had no right to make the demands you did and that you made them in such a manner as to make them feel they had no choice in the matter. My interpretation entirely but that is how i interpreted your posts.
I spoke up to make these points so borrowers know they have support should they feel they want to speak up.
I feel i am attempting to make this community better by having this discussed.
I don't feel i deserve negative trust because of anything I've written here. Thank you for that little bit of trust abuse. Kind of reinforces my point about you don't you think.
4  Economy / Scam Accusations / Re: Lone Shark attempting to extort Bitcoin Cash from customers on: August 02, 2017, 04:51:54 AM
This is a community and we collectively decide what is fair and right. You are neither.
What is "fair" is not necessarily what was agreed upon. Some may argue that the interest rates that Loan Shark is charging (and what his borrowers are agreeing to) is unnecessarily high, however his borrowers should still pay this interest rate because it is what they agreed to.

The interest rates that most borrowers charge around here would probably be considered "predatory" in much of the Western world.

I am not so sure that it is appropriate to ask for both BCH and BTC for outstanding loans. I don't see anything in his loan agreements that would compel his borrowers to repay both BCH and BTC. One party to a contract does not have the right to unilaterally change the terms of the contract without the other party of said contract accepting the modified terms.


I would also point out that BCH is trading at roughly 0.179 BTC and BTC is trading at >100% from where it was trading only days ago, and is roughly at the ATH.

I would say that interest paid by borrowers is what compensates Lone Shark for the loss of being able to use BTC for whatever he wants, including to use it to receive BCH, when possible. if Lone Shark was not lending out his BTC, he would have the opportunity to lend it out on bitfinex (or another exchange), or invest it in an ICO, or invest it elsewhere, and it would not be reasonable to have borrowers repay hypothetical returns on these investments plus interest for the loan.   

Again perfectly worded. Someone that sees the bigger picture from a fair perspective.

Thanks.

You are not wrong.
I am pro-choice. If someone makes an agreement than that is their choice. That is what they are responsible for. There is perceived higher risk for lenders here and they can charge what they perceive compensates. What really made me go wtf is when i read in Lone Sharks thread someone wanting to clarify that they now owed him BTC plus Bitcoin Cash like they had no say in the matter. I wanted to make a few points so they felt comfortable in speaking up if they disagreed with his demands.
5  Economy / Scam Accusations / Re: Lone Shark ban evading and attempting to extort Bitcoin Cash from customers on: August 02, 2017, 04:37:13 AM
I am not so sure that it is appropriate to ask for both BCH and BTC for outstanding loans. I don't see anything in his loan agreements that would compel his borrowers to repay both BCH and BTC. One party to a contract does not have the right to unilaterally change the terms of the contract without the other party of said contract accepting the modified terms.


I would also point out that BCH is trading at roughly 0.179 BTC and BTC is trading at >100% from where it was trading only days ago, and is roughly at the ATH.

I would say that interest paid by borrowers is what compensates Lone Shark for the loss of being able to use BTC for whatever he wants, including to use it to receive BCH, when possible. if Lone Shark was not lending out his BTC, he would have the opportunity to lend it out on bitfinex (or another exchange), or invest it in an ICO, or invest it elsewhere, and it would not be reasonable to have borrowers repay hypothetical returns on these investments plus interest for the loan.  

Again perfectly worded. Someone that sees the bigger picture from a fair perspective.
6  Economy / Scam Accusations / Re: Lone Shark ban evading and attempting to extort Bitcoin Cash from customers on: August 02, 2017, 04:31:52 AM
Adding Lone Shark response in other thread here for completeness-
-snip-

Lone Shark my response is simple, you lent your BTC out under an agreement. Those BTC are the borrowers. You cant change the agreement as you see fit. You gave your borrowers an option to repay early and receive an interest discount. That was fine. It is up to your borrowers to take up that option on their choice, NOT YOURS. If they do not choose that option, you don't have a Fuking leg to stand on and demand they pay you both coins.

And you are WRONG about the fork. You have no idea what you're talking about.

Then we agree to disagree. End of talk. Again, you are not my borrower and thus not privy to any of my contracts. You do not have any say in my deals. If my borrowers have a problem then they can take it up with me.

I am letting borrowers know they need not worry about your demands and extortion attempts and that they'll be supported.
This is a community and we collectively decide what is fair and right. You are neither.

7  Economy / Scam Accusations / Re: Lone Shark ban evading and attempting to extort Bitcoin Cash from customers on: August 02, 2017, 04:25:01 AM
Simple, borrowers, do not send these abusive lenders bitcoin cash. Why allow them to extort you? If they do, they are plainly and simply criminals.

You owe them bitcoins. You pay back bitcoins + interest. Don't let them enrich themselves by enforcing murky out of terms demands for bitcoin cash.

Perfectly worded.

8  Economy / Scam Accusations / Re: Lone Shark ban evading and attempting to extort Bitcoin Cash from customers on: August 02, 2017, 04:15:56 AM
Adding Lone Shark response in other thread here for completeness-
Lone Shark as you are banned you are now ban evading by creating this alt account. Do you have theymos' permission to post again?

Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.

BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.

People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.

You cheeky bastard. Take your massive high interest rates and good riddance to trash like you.

Hi you noob SOB,

Got my account back. So that was great. First, would like to thank Cyrus for giving me a second chance at redemption. I thank you greatly. This might not be the best place to post my thanks, but I will create a new post about it.

FYI, my post on my alt was not for purposes of ban evasion, but for just informing people who owe me. This was allowed by hilariousandco for your info.

Who the fuck I think I am? I'm fucking Lone Shark bitch. Since you are so hostile to my me, I would be to you. You aren't even a borrower here.

For your info asshole, it split. BCC is a network split you noob shit. Why would thymos and everyone else even post about the split if it was not a split? Wtf are you talking about shitty scam altcoins based on BTC protocol? If they are base from BTC protocol, that is the only likeness they have with BTC. Know the difference of a regular Altcoin that is based on BTC protocol and what BCC is.

The reason I asked for the BCC is that given that I had the bitcoins with me prior to August 1, then that means I would have gotten BTC and BCC at the same time. But since I have BTC with my borrowers then that means I would not receive any BTC that split, ie BCC. I gave my borrower ample time to repay it earlier and offer to give a discount of the interest. I even PM'ed some of them if they pay back I would not charge any more interest for your information.

The interest are high here since the crypto world has even higher growth rate than our interest rates. You can even check out other lending threads, they even charge far higher than mine.

Cheers,
Cheeky Bastard



Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
He is ban evading, definitely, and I'm curious as to whether mods are going to tolerate
this.

This is a sticky issue here, is it not?  Whether a borrower owes a lender BTC + BCH because of the
split.  I get that this isn't the thread to discuss it in, but part of me thinks Lone Shark is correct
in asking for the BCH as well.  But I understand your point of view as well.  In any case, LS is going
to have one hell of a time trying to collect if he's banned.  This forum is crawling with people who
won't pay back a loan if you give them half a chance.  

This is not a discussion thread. Deleting both of your posts by the way.

Lone Shark my response is simple, you lent your BTC out under an agreement. Those BTC are the borrowers. You cant change the agreement as you see fit. You gave your borrowers an option to repay early and receive an interest discount. That was fine. It is up to your borrowers to take up that option on their choice, NOT YOURS. If they do not choose that option, you don't have a Fuking leg to stand on and demand they pay you both coins.

And you are WRONG about the fork. You have no idea what you're talking about.


9  Economy / Scam Accusations / Lone Shark attempting to extort Bitcoin Cash from customers on: August 02, 2017, 03:06:45 AM
What is it with this guy Lone Shark who has told his customers they also now owe him BCH as well as BTC even though that was never in the original agreement. What if customers refuse? Do they deserve to get collaterals sold or negative feedback. No way. This latest fork of the BTC protocol has no impact on loan agreements for BTC here.

He is was banned and banned for good reason. Do not allow him to extort anything from you other than original agreement. No matter what notice was given. That is just bullshit.

Below is what i wrote in his loan thread -
Lone Shark as you are banned you are now ban evading by creating this alt account. Do you have theymos' permission to post again?

Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.

BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.

People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.

You cheeky bastard. Take your massive high interest and good riddance to trash like you.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitshares (BTS) going up 3x next 24 hours. Is it true? on: July 27, 2017, 09:41:53 AM
I dint see any pumping related news about bitshares where do you find this information do you have any reference or are you following any pumping group most of the group are spreading fake news.

Yes it was from a pump group but it was going to be based on the release of some news. That hasn't happened.
Watching the buy support levels as any increase there will indicate people are setting up ready to buy up.
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitshares (BTS) going up 3x next 24 hours. Is it true? on: July 27, 2017, 12:35:27 AM
I guess its a wait and see how the next 12 hours unfolds in that case. As i can't seem to find anything about a pending news release.
BTS closely follows BTC, and i think with BCC gaining support there will be a last minute rush to buy BTC in order to get the free BCC (similar to what happens with Byteball each airdrop).
This will see a spike in BTC and in turn a spike in BTS. So there will be an increase from that, but i don't think that's what was meant when talk of 3x due to news.
Watching.
12  Alternate cryptocurrencies / Speculation (Altcoins) / Bitshares (BTS) going up 3x next 24 hours. Is it true? on: July 26, 2017, 12:36:19 PM
Anyone know anything about major news on BTS today?
Hearing word that news coming will pump price 3x next 24 hours. Any truth in this?
13  Economy / Speculation / Re: You should by Buying BTC NOT Dumping it! SMH on: July 17, 2017, 07:01:04 AM
It's hilarious to me that finally the price of Bitcoin is sub-$2000 after being at an All-Time-High, and people are dumping their coins instead of BUYING.

You shouldn't be selling your Bitcoin AT ALL, and acquiring as much as possible, you want to know why?

Because if there is a Hard Fork and a new Blockchain is created with Segwit activation, you will end up with FREE SEGWIT BTC. That's right, you will still have your Bitcoins PLUS the new Segwit coins on the new blockchain. If you have 10 BTC, you will have 10 BTC + 10 Segwit BTC. So if you were smart you would be acquiring as much Bitcoin as possible, especially while it is cheap, before the Hard fork.

That is my opinion.

You're a Legendary and this is what you write without properly explaining or mentioning value - disgusting times we live in.
You are just a speculator plain and simple, and BTC would be much better off without idiots like you.
14  Economy / Speculation / Re: Preparing for the BIG FEAST! on: July 16, 2017, 11:52:27 AM
I just sold a few coins to enable me to be ready to buy a bunch of coins when the NEWBIE panic kicks in. I always have some spare fiat available for situations like this, but I think this will be the BIG FEAST. We have a pressure cooker building here with all the confusion over the uncertainty surrounding the scaling after the 1st of Aug 2017. A lot of NEWBIES and SPECULATORS are just watching the price and have no idea what is happening with the technology and this results in a Panic Sell going on. ^smile^

I am now 100% ready to buy CHEAP coins, when it starts to rain. Now it is all about timing, to see if I can maximize my profits from this event. ^lol^

Bring it on! and Show me the Money!

Are you sure you will have a chance of buying very cheap bitcoins this time with the help of FUD and NEWS. I do not think a big crash can come because bitcoin is a thing which is in demand and for the things which are in demand they do not crash too much. If you want ti buy, you can buy it currently at 2300$ and it will go up from here.
If you see, no one is able to dump bitcoin below 2200$, even though bad news of bitcoin is spread widely.  This shows the interest of people in bitcoin.

Well someone managed to do it - currently at $1900.

Careful what you predict, just makes you look the fool when you're wrong.


15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: July 13, 2017, 09:29:21 AM
well i bought a modest sum, looks very interesting project. price is good too.

What was good about the price that made you decide to buy? I mean, it was $0.56 and right now is $0.36 -> doesn't seem too good to me.
At $0.56 it was 7x ICO, I never understand why people want to fill others pockets up like that. The price has been going in one direction only and its still 4x. I know people hope and pray for things to go up and they make bucket loads of money - but being blind doesn't make you buy good coins at good prices. This is neither a good coin nor a good price.

If we only valued projects based on ICO price, then Bancor & EOS must be awesome!  Perhaps the dev team of QRL decided they didn't need $25 million to bring their project to market and are allowing early investors to be rewarded for their faith in the team.  I only wish more projects would do this, not less.  To then say that QRL is overvalued because it is "x" times ICO price is lazy at best.  The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks.  If you think the answer to that question is #90 or lower on CMC, then by all means buy something else.  If you think the value of being quantum secure is a top 30 coin (or better) as many do, then today's prices are a worthy value play.

Thanks for responding with a well considered and thought through response - they are rare these days, especially when someone writes something that you don't agree with. I respect what you've said and how you've said it.

"... The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks..."

- That is a great question, and a correct question. But how do we answer that. Do we compare the potential value to other coins that are dubiously valued (overvalued) - your # 90 vs top 30 coin statement? Why compare to other coin values at all?
- If the upside potential to QRL successfully launching MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks is HUGE - what does this mean exactly? The HUGE part may only be worth $1M. Why on earth is it worth $20M or $200M or $2B?

My point is that it is all speculating - and people are free to speculate all that they want - but too many people are getting in on the upswings or at ATH's - not the best form of speculating. For my part, i just don't get it.


Whether other crypto projects are overvalued or not is irrelevant to how I view QRL.  Let's say for example I own $10,000 worth of stocks.  I may very well take a $1,000 (10%) position in gold to offset my market risk.  It doesn't matter if the current PE ratio is 5 or 25, my gold hedge will react the same - with a negative correlation to the stock market assuming a black swan event.  This is how I view QRL - as both a hedge and as insurance.

So, therefore If I own $10,000 of crypto, and I want to diversify and protect against risk, what do I do?  I can't control government regulations or whales manipulating markets.  Those risks will always exist.  But the ultimate risk is quantum computing hacking (and thereby undermining the confidence of) the entire crypto space.  Once confidence is lost, it can take years or longer to be regained (assuming other cryptos adapt and become quantum resistant).  So if/when quantum hacking becomes an imminent risk, and hacks begin, and funds are lost, QRL will act with a negative correlation to all the other non-QP crypto.  So my crypto $10,000 might turn into $1,000 in a week, but my 10% QRL hedge position might go from $1,000 to $9,000 thereby netting me zero, but allowing me not to lose my shorts in the overall quantum hacking panic.  QRL is the hedge that any serious crypto believer ought to take seriously.  I believe investors are both smart and have a desire to protect their crypto investments to the greatest extent possible within their control.  And if others learn about QRL, and learn about the real quantum threats that currently exist and that are on the horizon, why would they not take a position in it?  What is the downside?  Being the first Quantum secure and most secure crypto is worthy of a top 30 coin (or better) from my foxhole.

Ok, you've made good points and have a sound strategy. I think you'll do well. But you are in the top few % that has a clue, others around here make no sense at all.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: July 12, 2017, 02:33:28 PM
If we only valued projects based on ICO price, then Bancor & EOS must be awesome!  Perhaps the dev team of QRL decided they didn't need $25 million to bring their project to market and are allowing early investors to be rewarded for their faith in the team.  I only wish more projects would do this, not less.  To then say that QRL is overvalued because it is "x" times ICO price is lazy at best.  The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks.  If you think the answer to that question is #90 or lower on CMC, then by all means buy something else.  If you think the value of being quantum secure is a top 30 coin (or better) as many do, then today's prices are a worthy value play.

That was my thinking as well. I doubled my position today at near the low. Great post!

How do you know this was at the near low? QRL bounced a bit and is now back on its way down - for all you know it could be trading at half the current price in 6 hours or 24 hours.
All you did was take a gamble - all the best with that. You know there are btc casinos around here right - it's a much faster way to gamble.

Not quite right. When you buy in on a roulette table and go all in on red, that's called gambling. You don't know what the outcome will be but you're taking a 50/50 chance that it will land on red.
QRL (as with all crypto) is a gamble. You hope that it will ultimately increase in price from the price you bought in at. However, you don't just buy any crypto hoping that it goes up. You choose your investments farefully. QRL has a lot of promise and is attempting to do something new. I think it has a lot of promise and when buying in there's a lot more to it than that.

Haha you are kidding right. Come on you are a smart guy, read again what you just wrote. The only promise you care about is how much money you are hoping this coin makes for you. If QRL solves a major world problem but there is no financial gain in it - you wouldn't care one bit.
The day the quantum age starts, i guarantee you there will be plenty of other things happening in the world because of it other than a mad rush to buy QRL as the safe haven.

If you buy this coin thinking you're doing anything other than gambling, you're delusional. This coin gets a massive thumbs down.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: July 12, 2017, 02:57:37 AM
If we only valued projects based on ICO price, then Bancor & EOS must be awesome!  Perhaps the dev team of QRL decided they didn't need $25 million to bring their project to market and are allowing early investors to be rewarded for their faith in the team.  I only wish more projects would do this, not less.  To then say that QRL is overvalued because it is "x" times ICO price is lazy at best.  The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks.  If you think the answer to that question is #90 or lower on CMC, then by all means buy something else.  If you think the value of being quantum secure is a top 30 coin (or better) as many do, then today's prices are a worthy value play.

That was my thinking as well. I doubled my position today at near the low. Great post!

How do you know this was at the near low? QRL bounced a bit and is now back on its way down - for all you know it could be trading at half the current price in 6 hours or 24 hours.
All you did was take a gamble - all the best with that. You know there are btc casinos around here right - it's a much faster way to gamble.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: July 12, 2017, 02:56:16 AM
well i bought a modest sum, looks very interesting project. price is good too.

What was good about the price that made you decide to buy? I mean, it was $0.56 and right now is $0.36 -> doesn't seem too good to me.
At $0.56 it was 7x ICO, I never understand why people want to fill others pockets up like that. The price has been going in one direction only and its still 4x. I know people hope and pray for things to go up and they make bucket loads of money - but being blind doesn't make you buy good coins at good prices. This is neither a good coin nor a good price.

If we only valued projects based on ICO price, then Bancor & EOS must be awesome!  Perhaps the dev team of QRL decided they didn't need $25 million to bring their project to market and are allowing early investors to be rewarded for their faith in the team.  I only wish more projects would do this, not less.  To then say that QRL is overvalued because it is "x" times ICO price is lazy at best.  The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks.  If you think the answer to that question is #90 or lower on CMC, then by all means buy something else.  If you think the value of being quantum secure is a top 30 coin (or better) as many do, then today's prices are a worthy value play.

Thanks for responding with a well considered and thought through response - they are rare these days, especially when someone writes something that you don't agree with. I respect what you've said and how you've said it.

"... The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks..."

- That is a great question, and a correct question. But how do we answer that. Do we compare the potential value to other coins that are dubiously valued (overvalued) - your # 90 vs top 30 coin statement? Why compare to other coin values at all?
- If the upside potential to QRL successfully launching MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks is HUGE - what does this mean exactly? The HUGE part may only be worth $1M. Why on earth is it worth $20M or $200M or $2B?

My point is that it is all speculating - and people are free to speculate all that they want - but too many people are getting in on the upswings or at ATH's - not the best form of speculating. For my part, i just don't get it.



19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: July 12, 2017, 02:44:53 AM
You forgot to compare this coin to other coins on the market. Try it.
Yes.
The coin is good and the price is good.

Comparing one shitcoin to other shitcoins still results in them being shitcoins - what's your point?
Just because one is 100x overvalued doesn't make buying another one at 'only' 10x overvalued a good buy. That is horrible logic. They are both still overvalued.
20  Economy / Speculation / Re: Preparing for the BIG FEAST! on: July 12, 2017, 02:35:39 AM
Not much of a store of value if it drops 10% in 1 day. Thats HUGE - definitely not peanuts.

I think you have to look at things from a different perspective - short term fluctuations don't harm anyone's long term store of value plan. Point is that as long as the value of your coins is going up over a longer period of time, that the fluctuations we experience every now and then won't impact the value of your holdings at all. Important factor is that a store of value is meant to hold its value over a longer period of time, and that's exactly what Bitcoin has been doing throughout the years. In addition, it gave most people a thick fat bonus on top of that.

There can be different approaches

Personally, I'm more inclined to consider as a store of value not something which is going to hold its value over longer periods of time (though I don't deny the viability and plausibility of this approach) but rather something which is resistant to factors contributing to the loss of value during times of economic meltdown and chaos. For example, gold is slowly losing its value over time (I mean time when the economy booms or just moves ahead) but it is likely the only monetary asset out there which will preserve its value during severe crises or even wars. In this way, Bitcoin can hardly be thought of as a store of value. In fact, no speculative asset can be rightfully considered that even if they show consistent profits over longer periods

@1Referee - I liked your response and give you credit for having the ability to think bigger picture.

But my thinking was more towards how @deisik has explained it. That when everything is in the red - a commodity that is a good store of value should be able to withstand the bloodshed. So when you said it has only dropped 10%, which is nothing compared to how much it has risen, my opinion was that the previous price rises were besides the point - a 10% drop was not a good indication of a good store of value- even more so since it is down 26% from last months ATH.

@deisik - best post I've read on BCTalk for ages.
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