[Some of my concerns:]

I've been for cryptocurrencies from when I first heard about it and got involved back in 2013. There are some pros to having Bitcoin as the future method of payment however there are some cons too.

It would be interesting to see why you think Bitcoin (or other cryptocurrencies) will surpass traditional methods of payment (Cards, Bank transfers, payment gateways etc.). Or if you think they have no future please share why.

Some of my concerns:

• Ever since a few people have made a fortune from the massive spike in prices, it's attracted a lot of traders and day traders. Not a bad thins but it's clear to me that easily 90% of cryptocurrency users are just traders with no intensions of using the currencies. Hence the rise in a lot of exchanges (a lot of which look the same).
• All it takes is 51%. Although for a coin such as BTC would be very expensive to attack the network it's still possible.
  
  Here's my insane scenario:
  
  100 top banks from across the world don't like the threat BTC has on their business so they all join together to buy compute power, take over the network and cause havoc. I estimate it would cost around $2,000,000,000 (2 Billion USD). This is very expensive but what's $20,000,000 (20 million USD) to a top bank? That's an investment to help protect their business.
• Speed: BTC is known to be slow to confirm a single transaction (approx 10 mins). ETH is faster (approx 15 seconds). I believe (correct me if i'm wrong) that if you cut down block times it slowly starts to make a decentralised system more centralised.

Food for thought..

This has puzzled me for years, in the crypto community having a LinkedIn profile seem to be the communities way of saying "Yep you're a legit person".

A couple years ago someone told me I didn't have a LinkedIn account so there was no way of proving I wasn't a scammer hiding behind a false identity. So I created a LinkedIn account and of course once you've got one you need connections. I connected with people I knew in real life and then the next day I saw some connection requests from people I didn't know. I accepted them just to see if there could a benefit for me.

It then hit me! If I get over 500 connections on LinkedIn (LinkedIn only shows 500+ and not the actual number of connections) it would some how prove to the community that I was "legit". So 24 hours later I got over 1,200 connections and yep I am now an honest legit person to their eyes. A friend of mine said to me "Wow, how'd you get so many connections so fast? You profile looks professional".

If that's all it took for me to show that I'm a real person imagine how many fake accounts there are out there.

The point I'm trying to make is I don't think LinkedIn (or others alike) should be used as a way of proving that someone is who they say they are.

What do you just think and how do you guys verify someone is legit, say if you want to collaborate/invest in their project?

[How CopyCat.app works:]

Hey guys, I've been working on this for a couple of weeks now. The premise of the project is to allow Investors to copy other traders trades.



The project is still in the early stages of development but most of the important functionality has already been built, just needs to be tested extensively to find any crucial bugs.

In this moment in time I've got a few traders who have helped me with testing and bug finding. The more testers I can get onboard the better.

How CopyCat.app works:

• There are Traders and Investors.
• Traders trade and Investors copy their trades.
• Both Traders and Investors have to connect their exchanges via the API keys and let us to the rest.
• Traders can continue to trade on the exchange they currently trade on and Investors can monitor the Traders trades on CopyCat.app or on the exchange they've connected.
• Investors can allocate how much of their funds they want to invest per Trader and they can connect multiple exchanges to their account.

To help incentivise testing and bug finding I'm going to be holding a trading competition between 1st Feb - 29th Feb.

List of exchanges added for Traders so far:

• Bitfinex
• DigiFinex
• HitBTC
• Huobi Pro
• Kraken
• KuCoin

List of exchanges added for Investors so far:

• Binance
• Bitfinex
• BitMart
• BitMEX
• DigiFinex
• HitBTC
• Huobi Pro
• Kraken
• KuCoin
• OKEx

I would appreciate any feedback on what you think could be changed, added or removed.

Website: https://copycat.app

Demo: https://demo.copycat.app

FAQ's: https://copycat.app/helpCenter

Telegram: https://t.me/CopyCatApp

Twitter: https://twitter.com/CopyCatHQ

Facebook: https://www.facebook.com/CopyCatApp

Medium: https://medium.com/@CopyCatHQ

Instagram: https://www.instagram.com/CopyCatHQ