https://www.deepdotweb.com/2017/06/16/bitcoin-imminent-fork-aftermaths/https://bitcoinmagazine.com/articles/bitmain-responds-uasf-another-hard-fork-announcement/https://cointelegraph.com/news/bitcoin-will-likely-lose-value-with-hard-or-soft-fork-wealth-dailySome information here for those that may or may not know about the impending Bitcoin fork... it is an interesting read that explains a lot of things and answers question that people may have. The key points written are that is could be split in to two camps: Bitcoin Core and Bitcoin Unlimted. The camp supporting Bitcoin Core: This camp supports keeping the block size as it is, i.e. 1 Mb, yet they propose code optimization to shrink the size of transactions along with other approaches to increase the bitcoin transaction throughput rate via means of a “soft fork”. This camp mainly supports the “Segregated Witness” (Segwit) upgrade as a solution that mitigates many bitcoin bugs and also opens the way for further scaling using off-chain solutions such as the “lightning network”. The camp supporting Bitcoin Unlimited: This camp supports Bitcoin Unlimited which is a bitcoin client forked off Bitcoin Core and designed to process transactions into blocks whose size is greater than the current limit of 1 Mb. With Bitcoin Unlimited, miners are able to independently choose the size of blocks they will produce. As per coin.dance, 9.2% of nodes across bitcoin’s network currently run the Bitcoin Unlimited client. If a hard fork occurs depending on how you store your bitcoins, e.g. desktop wallet, online wallet, exchange…etc, you can expect one of three scenarios: 1. All of your coins will become BTC only
2. All of your coins will become BTU only.
3. Your coins will be doubled, so if you had 2 coins before the fork occurs, you will have 2 BTC and 2 BTU after forking is completed.
The exact outcome depends on how you are storing your coins and whether or not you control the private keys of your bitcoins. If you store your coins using an online wallet or a cryptocurrency exchange, then you don’t control your private keys, so you are letting another entity choose the fate of your coins. To ensure that you will have both BTC and BTU, in event of a fork, you should store your coins via a local wallet on your machine, so that you would be controlling your coins’ private keys.
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I am looking for a campaign manager to assist with an ICO.
Please post freely here with your own experiences and views about who would make an excellent campaign manager and what finances are involved for them.
More details will be given later..
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May the FUD be with you...
For Sale: fudstervisacard.com
BIN: 25BTC
Starting Price: 15BTC
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Welcome to the Fudster Card, the greatest VISA crypto card in the history of... erm, history I will be launching a new VISA card and will provide full details along with a whitepaper in the coming days. I am launching this card as a kind gesture from the bottom of my heart even though it will make me super rich. I do not care about lining my pockets with ICO cash I care only about making this VISA card the greatest card in the history of.. erm, history (and obviously become super rich overnight at the same time) Here is the short 'n curly: - I will raise $21 million from an ICO
- I will keep $20 million of that money to line my own pockets (seriously, not joking)
- I will invest the remaining $1 million to fund a great team to do what needs to be done (not "thy shall be done" ahem)
- I will have special deals for you to spend your currency in real-time FIAT converted rates including all regular VISA/MASTERCARD high street and online retailers
- Very low 50% transaction fee will be deducted every time you use your card (those funds sent straight to my wallet)
- All investors will sign a NDA and a legal document which means no one can take me to court and seize your money, I mean my money IF I commit a scam
- I will create a new exchange linked to your FUDSTER VISA card that will be free of scam like Cryptsy and will not steal from investors (I promise)
- I will continue to give excellent customer services even after people heavily FUD the FUDSTER VISA card
Watch out for more information and details in the coming days... MAY THE FUD BE WITH YOU !! |
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https://www.mona.cohttps://bitcointalk.org/index.php?topic=1924985.070,000 ETH were invested which was estimated at $21 million If a business similar to Monaco Card was to be started either with Visa or Mastercard, what sort of costs are involved? Which is the best, cost effective and easiest way to have your own branded Visa and Mastercards either linked with cryptos or without?
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https://www.mona.co https://bitcointalk.org/index.php?topic=1924985.070,000 ETH were invested which was estimated at $21 million If a business similar to Monaco Card was to be started either with Visa or Mastercard, what sort of costs are involved? Which is the best, cost effective and easiest way to have your own branded Visa and Mastercards either linked with cryptos or without?
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The best advice to anyone considering investing in any ICO or project is to think carefully before parting with your moneyI have enough PMs from all sorts of alleged coders who can create the best of the best but all of them have been scammers trying to take money, many asking 25% in advance without any real contract and with no recourse or protection for the investor. One of the biggest flops was valduz10 purporting to be a coder who will make an exchange for $5000. He offered nothing in contracts and wanted the 0.25 BTC immediately to make a demo site which he would show after 3 weeks. In the final part of the "project" he wanted several thousands to go to CPC and CPM sites that he claimed to have coded which would advertise banners and had some google-dream up his sleeve too. Upon realising his scam was outed, he resorted to name calling like "boyo" and "wierdo". Another was AikFrank, a Nigerian who wanted 5 BTC to make a Visa card associated with bitcoin wallets which he claim he coded from scratch. He insisted on chatting in a private Tawk.to box rather than leave evidence here in PMs. He claimed he was going to get free hosting but asked for money because he was working on the project full time for 4 weeks. I advised him to change the free adminLTE dashboard and show me a tangible product but then the truth unfolded. He now claims he sold the "company" to a UK company. Upon rumbling his scam he resorted to name calling such as "ghost" and "time waster" both ironically could be applied to himself  https://bitcointalk.org/index.php?topic=1931218.0There are more but the moral of the story is... Too many scammers here. Some must be making a tidy sum every month by ripping people off, like a salary without actually having a job but happy bringing pain to investors.
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Out of the blue I received messages from valduz10 today... MESSAGE1 FROM valduz10:Hi, I am a web developer from Germany and I have a working business idea to create an exchange for people where they can buy crypto currency with fiat money. For my first ever BTC I paid about 30% in fees and was totally fine with it since I wanted to get the transaction processed fast. So from this you can see the possible profit margin of this business. Let me know if you would be interested to work with me, the investment would be very low. Only about $5,000 to get everything started and generate the first revenue and profits. REPLY1 FROM ME:Hi, Please explain where the $5000 investment will go and how it will be spent. - What code/software you will use? - What are the server costs and how will they be deployed? - Estimated time freame for completion once started - Do you have any URL or screenshots of previous work? Thanks MESSAGE2 FROM valduz10:Hi, $2,000 will be placed at an exchange as inventory to buy BTC and to convert it to the desired coin via an API so the buyer receives the coins instantly when he pays via Paypal or credit card. With the help of a service like https://www.signifyd.com/ and by blocking all proxy users, and users from high risk countries like Russia or Iran we will fight fraud. For 3rd party services and other fees there will be $500 - $1.000 needed (one time only). Another investment will be for ads, when people read an article about Ethereum and google 'Buy Ethereum' we can run Adwords ads for it. About $1.000 - $2.000 will be reserved for ads over the following weeks and months after the launch. The platform will be created by me in PHP with a mysql database. The server costs will be only $40 per month. I will need about 3 weeks to create the platform and test it. Here you can check my previous work of projects in the ad industry: http://adsomi.com/https://cpmly.com/https://banneriq.com/REPLY2 FROM ME:The banner ads are not necessary, they do not appeal to me. $40 a month for servers is too cheap. How many servers? How is the failover set up? How much SSD or HD? Which language is the exchange coded in, what is the softeare used? MESSAGE3 FROM valduz10:Without ads and without signifyd just $2,500 my fee will be included. REPLY3 FROM ME:How much money is needed if no banner ads and other extras such as signifyd are not required? What is your fee? Or do you want a share in the business instead? MESSAGE4 FROM valduz10:The language is PHP and $40 is fine at https://www.digitalocean.com/REPLY4 FROM ME:Will think about it and let you know. In the mean time if you have a URL or screenshots of what the demo looks like please send me links MESSAGE5 FROM valduz10:Send me 0.25 BTC upfront and I will start to create a demo for you. I think this is a fair offer. REPLY5 FROM ME:Actually, I think it is better that you make the whole site and give me the URL. Then after viewing and testing I will think about buying it or not buying depending on what functions you have added and on how secure the site is. MESSAGE6 FROM valduz10:Haha no this is not how hiring a developer works boyo I did not bother sending a reply |
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Hi All,
BEWARE OF TRADING WITH ASMONEY.COM AND BITCOINAT.CO.UK BECAUSE THEY ARE OWNED BY "REGISTERED COMPANIES" THAT HAVE BEEN STRUCK OFF THE REGISTER LIST AND DO NOT EXIST ANY MORE!
Both of these websites are owned by "companies" registered in the UK, both are using exactly the same registered address for their "agent" at the legal regsitrar. Both companies have been struck off the register list so do not trade on those websites. Both companies have a sole director/owner who is listed as born in November 1949 (no day provided) and 17th December 1949 respectively. One Lithuanian and one British.
If you have lost money at their hands, write to them as a legal formality asking for a refund and then
After some research I found the following with regards to ASMONEY.COM and BITCOINAT.CO.UK
A quick search shows "Bitcoin AT LTD" does not exist in the UK, it was not registered. "BITCOIN ARBITRAGE TRADING LIMITED" was registered on 4th January 2016 and was dissolved on 13th June 2017 (that is the date the strike off will go through). The registered company number is the same for Bitcoin AT Ltd and Bitcoin Arbitrage Trading Ltd - they are effectively one and the same and own the bitcoinat.co.uk website:
- Their copyright footer shows 2016
- Their SSL was issued on 30th August 2016, it will expire on 31st August 2017
- Their "company" has been struck off (no longer valid) as of 13th June 2017
I visited asmoney.com and decided to contact them. I used both telephone numbers on their website. One number is not connecting the other claims they know nothing about asmoney.com saying it the wrong number. They do not respond to emails.
I decided to do some research and found these points to note:
- Their copyright notice at the footer of the website shows 2014
- Their FAQ shows: Asmoney is a trademark of AMN Technologies Ltd registered in the United Kingdom under the registry number 8801297
- That company was closed down or stuck off the register on 31st May 2016 but asmoney.com website is still showing it as its owners
- Even though the company was struck off a year ago, their SSL certificate was renewed last month in May 2017
The sole director/shareholder of AMN Technologies Ltd is a Lithuanian who is also the sole shareholder/director of another company: VODANET BRITISH LTD
THESE WEBISTES ARE OWNED BY COMPANIES THAT SIMPLY NO LONGER EXIST AND HAVE BEEN STRUCK OFF/DISSOLVED AT THE UK REGISTRAR
BOTH COMPANIES (BOTH WEBSITES) HAVE USED THE SAME REGISTERING AGENT WHEN REGISTERING THE "COMPANIES"
BOTH THE COMPANIES (BOTH WEBSITES) HAVE THE SAME "REGISTERED TRADING ADDRESS" WHERE THEIR BUSINESSES ARE LEGALLY REGISTERED
MY ADVICE IS TO COMPLETELY AVOID THESE TWO WEBSITES!
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I am looking to invest in a crypto related business from anything such an exchange to a payment processor, I am open to any ideas for investment. I saw several posts on this forum for businesses looking for investment so I sent an interest offering to consider investing in them.
I will not be mentioning the name of the person that sent me the message nor mention the start-up by name however after I posted a message on his thread mentioning I would consider investing I received a message stating that he was looking for $40,000 as an initial milestone and then once that was reached it would be $200,000 for the next:
Hello, sorry for the delayed response. My email notifications stopped working for a few hours and I missed your message. We are looking for investors, our first milestone is setup at $40,000, but once that's hit it jumps to around 200k. If you're wanting to talk, I can give you my Skype or phone number and we can discuss over that? We are working on the drafted business plan to send to our potential investors and hoping to have that finished up shortly
This was my reply:
Hi, no problem about the delay, good to hear from you. Sorry but in my opinion $40,000 is a lot of money for the first milestone alone. People have launched their own exchanges for less than a tenth of that amount in the past and they are not worth $40,000 even after a significant time trading. I definitely would like to invest in a crypto exchange and maybe even merge own start up bitcoin payment processor for websites to integrate in to it at some stage but the figures stated do not make this a viable investment for me.
I wish you success in your project but I will not be able to invest.
After I sent a PM back, politely declining to invest I received this reply:
I wasn't asking you to invest that much at all, was just stating our first milestone. And with all due respect, I don't think you have any idea how much an exchange costs to startup. You do realize this is a financial corporation, correct? $4,000 (your one tenth proposal) is maybe enough to cover C-Corp and lawyer fees. Developers, marketers, legal advisers, care agents, do not work for free. Development is not free, and neither are servers. Getting booths at Bitcoin and digital conferences worldwide, is not free. Not sure if you were misunderstanding the business type, or though we may have been another alt coin or what, but this is a multi-million dollar company, and if you think $40,000 is too much then you are in the wrong field to be investing in. $40,000 for a startup is actually significantly low to bankers and investors, not quite sure you are ready to be playing in the game yet. Once again, not trying to be rude or anything, however I'm also not going to be soft about it. You're not ready for any financial investment until you get a better understanding of how actual, legal businesses operate within the United States.
Now, I am not going to comment on the condescending aspects of the reply vis-a-vis my the polite message I sent wishing him success. I would however take the opportunity to advise anyone who considering investing in any business here to think long and hard about it.
This one claims to be a multi-million dollar company yet is seeking $40,000 as a first milestone then even though it claims to be a multi-million dollar company will further seek $200,000 for the next milestone.
Apart from researching the viability of any business, my advice is to try to get to the know the temperament of those running the project because if they have a superiority complex or anger management issues then they probably will not be the sort of people you want to be dealing with regardless of whether things go positive or negative with the project.
In most cases I see no difference between the "hype" generated by the get rich quick altcoin launches from a few years ago or most ICOs today, with any business claiming they will be a certain success when they have not even traded.
In my opinion, in alot of (not all) cases it would be better to have a project manager as an investor/shareholder, then have the technical team as shareholders within the business too rather than ask for people to invest unless significant funds were required. Like I said, in my opinion and also not in all cases.
Keeping all that aside, what costs do you think are involved in starting up an exchange nowadays? As a start up, how much do you think exchanges such as Nova, Polo and Yobit invested to get off the ground? What sort of costs are involved for example, if say an exchange launches covering just a few altcoins then continues adding 5 or 6 altcoins a month to increase customer options and along with it also increases the hosting capacity for extra traffic and daemons. What about dedicated server hosting costs, benefits, pros/cons versus AWS EC2 and alike? Legal fees would be minimal. Thanks to forums like this and various social media it would be free to get the word out there literally.
In your opinion when Coinpayments was started as a payment processor by two brilliant coders from this forum a few years ago, how much do you think they invested money-wise to get going? They probably did not start with 60+ currencies at launch so must have added them step by step. Also the manner in which they hosted their daemons may have changed over time and evolved too. All that shows you can start a business and grow with a small investment rather than pump money in to a business that quite frankly, has not even started and has no proven track record. When I was thinking to start my own bitcoin payment provider for ecommerce websites, I used two servers. One server ran the php UI website for the sign-up process and client account. The other ran the bitcoin daemon which generated wallets for new customer transactions then updated the php server with the bitcoin confirmations, updated the order for the client UI and sent sent the cap number of bitcoin offshore in the event of a hack. Both were for test purposes only and hosted at AWS at minimal costs. I am now reviving that project and might launch it.
It would be hard anyone for provide ballpoint figures but just as an estimate using BTC and LTC as the base and then say 5 popular altcoins to start with:
- If someone had the technical know-how and could set it up how much would be the minimum investment required to launch a crypto exchange?
- If someone did not have the technical know-how to set it up, how much would be the minimum investment required to launch a crypto exchange?
Thanks
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There are currently 853 cryptocurrencies listed on coinmarketcap.com
A few years ago it was a simple case of people launching coins with fancy names, doodles and catchphrases. The owners pre-mined for their own benefit, then using pumping and dumping techniques exchanged them for bitcoins for a quick profit. Sadly, later adopters lost out significantly as they watched the newly launched coin decline in to obscurity. I see on the forum here that people are still making announcements about soon to launch coins, again mostly with some percentage of pre-mining.
The sheer number of outlets online and in the real world that use Bitcoin makes it clear there is space for using it as currency in a FIAT based world but what exactly is the end game for the other coins out there? There is more than enough information available to make a case for Bitcoin to be king of the field based on historical records. Other than that only Stellar and XRP have a different approach to the coins listed on CoinMarketCap therefore have potential uses. Stripe and Google respectively back them.
Bottom of the pile at number #853 on the CoinMarketCap list (as of today 12.30pm UK time 1st June 2017) is a certain coin called "bitRUBLE"
I remember a time when Quark was promoting its secure format as the future and was listed in the top 10 at coinmarketcap, now at #171. Primecoin, Namecoin were chasing Bitcoin but they are #126 and #57 respectively. I hear the same chants and cheering about Ethereum that I heard about various others, all drifted away. The list can go but Bitcoin remains top.
There are Bitcoin ATMs and many retail outlets that accept it by using a QR code. I doubt there will ever be an ATM for the other cryptocurrencies. Bitcoin is the base currency for exchanges, it has many uses.
In your opinion, what is the point of the majority of these cryptocurrencies? Why do people continue to launch them when they are doppelgangers of earlier coins even if they point out things they claim are different.
They seem to have no function at all apart from being listed at coincapmarket.com. So many such as CENT/Pennies, Noodlyappendagecoin and Billioncoin have died and no longer listed.
So what is the end game of the coins that are out there?
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Hello Everyone,
I would like to invest in a cryptocurrency exchange website or an ecommerce business where crytpocurrency is either sold or accepted as a form of payment. I have money ready on hand to buy a stake in an appropriate business immediately.
Please get back to me with any offers. Hopefully a deal can be made.
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Hello All,
This is my first post here.
Upon using an old laptop I saw 2 wallets files. I remember backing them when I set up a couple of servers last year on Amazon EC2. I ran full BTCd on them. Soon after I deleted my account at AWS.
I cannot recall exactly how much but there are small amounts of Bitcoin on them.
I do remember setting up another BTCd and replacing these wallets with the newly created ones but the wallets were not recognised.
Please advise on how can I recover the BTC from the wallets in the easiest way.
Thank you
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