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Alternate cryptocurrencies / Announcements (Altcoins) / Re: IOTA
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on: January 22, 2020, 08:46:55 AM
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Paying experts to review products/services happens all the time, there's zero chance Fundstrat didn't write what they honestly believe about IOTA, and Schiener paying for the report is much better value than simple advertising. Move along, nothing to see here, except for good analysis on IOTA from Fundstrat. |
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25
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
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on: January 12, 2020, 12:18:54 AM
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I cannae believe the silver fund thing is still being discussed. There are rather more important things to be focusing on such as whether this project and its descendant has a future other than oblivion.
My own take on the silver thing is I never handed over any money for it or felt any ownership of it, I just got 70-75,000 less XEM and stakeholders paid chump change for what they did receive.
I seem to recall saying it was a fucking stupid idea at the time and my opinion has not wavered. It's been pathetically handled but it'll soon be five years ago and since then literally nothing has been done about it so it clearly never will by this point. They'll intend for the idea of it to fade away. I won't particularly care for one.
I see on Telegram yesterday that Laura from the NEM foundation says they don't control the Silver fund. Let us focus on the funds, not so much the silver coin idea itself, but the millions of XEM in the silver coin fund. Which option is best for the future of Catapult? 1- the funds get distributed to the original stakeholders, energizing the NEM base just before catapult launch 2- the funds get given to the NEM foundation for a good purpose 3- who ever controls the silver coin funds keeps them (I.e exit scam, theft), creating a really bad look for the ecosystem Option 1 & 2 are ok, option 3 looks more likely IMO, which is a problem |
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26
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
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on: January 10, 2020, 01:56:50 AM
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From the final development contract notice dated March 31st 2015 ( https://drive.google.com/file/d/0B_0Z9jDGHPxPbndmbm96eW1XaEk/view) 2.1.2 Silver Coins for Distribution to Initial Stakeholders Based on community consensus, physical silver coins will be minted and distributed to initial NEM stakeholders . The silver coins shall be distributed as an asset (colored coin), effectively giving all initial stakeholders a parallel, silver-backed digital currency that shall reside on the NEM blockchain. To claim one physical silver coin, one whole silver coin asset is needed. Note: The execution of the silver coin project is not guaranteed and will only proceed providing that XEM market cap and liquidity are sufficient to cover the expenses with the allocated stakes. If this condition is met, all initial stakeholders will be issued their silver coin asset. If the allocated stakes do not reach a high enough value to fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is released, the complete fund will be transferred to the community fund. "A high enough value" can not be exactly fixed at this time, but to get a feeling: it is estimated that the fund should reach at least USD 260,000 to be successful. There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund Even at today's price that is worth approx $7.5M (more than the $260K noted above). If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each. I hadn't read this, or perhaps I just forgot. Honestly a physical silver coin shipped to remaining original stakeholders with access to their accounts is logistically messy. As much as it would be great to just split up the xem and send send it to original stake accounts, it seems like adding the silver fund to the community fund is inevitable. I agree the actual silvercoin thing is not a runner anymore but the fund should then be given back to the original stakeholders as it was taken from their original allocation in the first place. What I suspect will happen though is noting and the fund will rot in the old Nem chain. The new catapult chain will have no such allocations. So they will grab all the dev funds, silvercoin funds, unclaimed stake funds and every other coin that is not claimed on the new chain. The big flaw in their logic though is they will probably end up killing the whole Nem project and all these millions of coins will be worth zip. Who thinks they have the authority to change the original silver coin plan, why don't they show themselves ... The original stakeholders own the funds, who exactly is planning this theft, what are their names? |
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27
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bitcoin HEX [by Richard Heart] unofficial
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on: December 17, 2019, 07:29:36 AM
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Most HEX criticism boils down to two things,
- the origin account gets too much HEX
- the AA ETH probably goes to RH, and It's too much
If you remove those elements HEX as a non custodial interest paying crypto with advanced game theory and anti dumping features is pretty cool.
I propose a revised FreeHEX model as follows.
1- open free registration for FreeHEX , say 3 months
2- divide 1 billion by the number of registrations, that amount becomes a HEXstake
3- create 1 Billion HEXstake tokens and open claims for HEXstakes
4- replicate the same 350 days of AA using the HEXstake token instead of ETH, users mint their own FreeHEX
5- there is no FreeHEX origin account
6- season to taste with Bitcoin etc snapshots and claiming using other cryptos (e.g. HEXdoge)
To add referral capabilities you could add an additional 1billion FreeHEX that gets paid to referrers during the sign up period.
There are many other versions one could propose for a FreeHEX that removes a single entity controlling so many coins, it is inevitable somebody will design a better HEX.
RH would be pissed off (he has not open sourced his code but it is 100% visible), and every HEX critic would promote FreeHEX, the resulting battle gets mass attention for the project
Giving everyone the same amount isn't much fun, why not add free claims from snapshots of BTC BCH BSV ETH DOGE ETH using the same terms as HEX (90% staked for 350 days), then give each player the same amounts again to use through the AA system over 350 days instead of ETH, same big pay day on day 353 from everyone who doesn't claim, same referral bonuses etc etc I like your suggestions, your model is better than mine! HEX copies without someone like Richard Heart promoting 24/7 are going to be worthless garbage, even if they're FREE
Richard is skilled at marketing and a great debater but eventually the maximalist critics like Vays and McCormack will realise their best form of attack is ignoring him (they're attacks so far have been exactly what Richard wants), and others will promote a Free HEX version purely out of spite. Unless Richard donates the AA ethereum to SENS to neutralise the butt hurt critics and SEC HEX is doomed to be superseded by a clone, and Richard probably knows that, and won't care, he'll be rich or in jail. |
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28
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bitcoin HEX [by Richard Heart] unofficial
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on: December 17, 2019, 02:27:47 AM
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Most HEX criticism boils down to two things,
- the origin account gets too much HEX
- the AA ETH probably goes to RH, and It's too much
If you remove those elements HEX as a non custodial interest paying crypto with advanced game theory and anti dumping features is pretty cool.
I propose a revised FreeHEX model as follows.
1- open free registration for FreeHEX , say 3 months
2- divide 1 billion by the number of registrations, that amount becomes a HEXstake
3- create 1 Billion HEXstake tokens and open claims for HEXstakes
4- replicate the same 350 days of AA using the HEXstake token instead of ETH, users mint their own FreeHEX
5- there is no FreeHEX origin account
6- season to taste with Bitcoin etc snapshots and claiming using other cryptos (e.g. HEXdoge)
To add referral capabilities you could add an additional 1billion FreeHEX that gets paid to referrers during the sign up period.
There are many other versions one could propose for a FreeHEX that removes a single entity controlling so many coins, it is inevitable somebody will design a better HEX.
RH would be pissed off (he has not open sourced his code but it is 100% visible), and every HEX critic would promote FreeHEX, the resulting battle gets mass attention for the project
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29
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
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on: December 11, 2019, 11:08:41 AM
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From the final development contract notice dated March 31st 2015 ( https://drive.google.com/file/d/0B_0Z9jDGHPxPbndmbm96eW1XaEk/view) 2.1.2 Silver Coins for Distribution to Initial Stakeholders Based on community consensus, physical silver coins will be minted and distributed to initial NEM stakeholders . The silver coins shall be distributed as an asset (colored coin), effectively giving all initial stakeholders a parallel, silver-backed digital currency that shall reside on the NEM blockchain. To claim one physical silver coin, one whole silver coin asset is needed. Note: The execution of the silver coin project is not guaranteed and will only proceed providing that XEM market cap and liquidity are sufficient to cover the expenses with the allocated stakes. If this condition is met, all initial stakeholders will be issued their silver coin asset. If the allocated stakes do not reach a high enough value to fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is released, the complete fund will be transferred to the community fund. "A high enough value" can not be exactly fixed at this time, but to get a feeling: it is estimated that the fund should reach at least USD 260,000 to be successful. There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund Even at today's price that is worth approx $7.5M (more than the $260K noted above). If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each. The time for ignoring the silver coin fund is well past, the NF needs to add this to their to-do list asap, what's going to happen to the silver coin funds? Who controls those funds, who decides what's going to happen? Time to answer! |
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31
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bitcoin HEX [by Richard Heart] unofficial
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on: December 11, 2019, 03:48:27 AM
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The arguments Richard makes are perfect equivocation:
(A) Either he is a scammer and will giggle his ass off once he bagged ump-teen thousand ETH and just fades away with a modest 'Thanks, you Morons', or
(B) he has some really cool plans to make this into a really useful thing with all the properties and activities other than just being an erc20 require.
HEX is a good idea, RH is probably sincere, but being so public he will most likely run into SEC troubles, leading to some possibilities, 1- RH on his knees in a prison shower block making new friends 2- all the collected ETH being returned to sending addresses 3- a small EOS sized fine It could be a combo of 1 & 2 , rh would love 3 but imo it is much less likely, there's a minute chance Richard gets away without any regulators probing him. What is almost certain, every smart contract platform will have clones and modified copies of HEX, some could be very promising, interest paying store of value cryptos without third party custody is obviously popular. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]🌀 Blur Network(BLUR) 🌀 | PoW Cryptonight-Dynamic | CPU/Solo Mining | DPoW
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on: December 08, 2019, 04:28:27 AM
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dev f*cked the community by abandoning the project. no revival attempt will succeed. stay away from this scam.
Indeed. Their discord is quite interesting... dev leaves, comes back not even a day later, says the project isn't supposed to be a currency nor have monetary value, won't prove he didn't dump his premine funds, largely writes off the KMD dpow implementation he was working on in an effort to secure directly with BTC, and then leaves again. The project is in complete disarray... when you have an unstable dev like this, especially the sole dev, it's hard to have faith in the project. Glad I'm observing as an outsider. Good luck to all those still stuck in this dumpster fire. Wait for the dust to settle, the original dev leaving might be the best thing that ever happens to Blur, seriously, if the community steps up like what happened with Monero after their original dev left, Blur could attract a lot of new talent, like XMR did. Fluffypony, smooth moneromooo tacotime etc, none of those guys started Monero, they came after the genesis dev left Edit, none of these guys are the dude who started monero https://web.getmonero.org/community/team/Blur community is open for new talent looking for opportunities, so many other cryptos have gate keepers blocking who can do things, Blur doesn't have that problem, and either did monero after the genesis dev left. Funny, a top 20 crypto that I use for years and I can't even remember the Monero genesis devs name ... That's a selling point  |
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
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on: December 06, 2019, 09:59:55 AM
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Thank you for your clarification and explanation here. I did assume you have an "official" OTC price source somewhere.
Yes at the moment there is no way to flag a coin as "dead" so the last price we get from our price source is the "current" one.
We take this example as an valuable feedback and are searching for a solution within CoinTracking. Once in place we announce it on our "new features" page.
If you are not happy with the price of our price sources - wo do rely on them and it is needed for price history to keep them within CoinTracking - you can set a custom price. We are no tax advisors but if a coin is traded nowhere it might have no price meaning no value and you could set the price to zero if you own some as outlined in my last reply. Or you could set your OTC prices if you have some.
Thank you, maybe you could add a warning to coins once the price data source gets past a certain time without updating, e.g. 2 months. For now I will set the Qora price manually to something more realistic, and explain to my tax advisor that the Qora price in bitcoin is actually fixed at the last traded price from a long time ago (I think 2017), it only changes in AUD terms on the portfolio section of the dashboard because Bitcoin price in AUD is changing daily, not Qora itself. |
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
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on: December 01, 2019, 01:00:24 AM
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Where do you see the USD or AUD prices for Qora?
On my dashboard I see this for Qora today.  It makes it look like Qora is still being actively traded, it indicates Qora went up by 5.81% in AUD today and is valued at 0.54 AUD per coin today. This data is confusing my tax advisor who raised it with me, he doesn't understand the history of every coin I trade, so he uses Cointracking as his guide. When I told him Qora isn't actively traded and its current value is nowhere near 0.54 cents AUD in the OTC market he asked, 'why does Cointracking show otherwise?' Does the community know if there is a data source where you can check if the coins are really "dead"? Thank you in advance.
Nobody can say definitively when a coin is 'dead', but if Cointracking uses 2 data sources and both show a coin hasn't been traded actively on any recognised exchanges for a couple of years, I think this could be shown on the portfolio section of the dashboard. If I enter OTC trades at a realistic price for Qora they look strange to my tax advisor, like if I entered trades selling Bitcoin for $10 when Cointracking tells him the BTC price is ~7.8k USD. My tax advisor uses Cointracking as a source of truth, and the data for Qora is NOT realistic for today (if anyone is willing to pay 0.54 AUD for Qora please get in touch, I have a bag worth 200k USD at that price), when a coin isn't being traded on any markets you have data for the true price would be "unknown", the last traded price from a couple of years ago is very confusing. |
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36
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Economy / Speculation / Re: Long term advance notice!
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on: November 30, 2019, 11:58:31 PM
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I decided to increase my BSV holdings by 10%, just in case the tulip trust turns out to be true. If some 2010 Satoshi coins move after Jan 1 there will be a major realignment in favour of BSV as previoùs sceptics change their mind. BSV followers won't dump if nothing happens, they are already rusted on for big blocks, so topping up BSV now is an asymmetric bet.
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
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on: November 29, 2019, 11:42:30 PM
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@boomboom. Our price source is coinmarketcap and worldcoinindex. As soon as coins are or have been listed there you can find them within CoinTracking e.g. on the Coin Trends page ( https://cointracking.info/coin_trends.php). There you see currently no MarketCap. And it is not listed any more on CMC or WCI so in CoinTracking it is the last price we get from our price sources to have a price history for past transactions. Thanks for this explanation! Would it be possible to add something like a 'last traded' date to the price data chart to make it obvious when a coin is dormant like Qora? I can see now that the last traded price for Qora can be fixed from years ago in terms of bitcoin, but in terms of USD or AUD the price changes daily, so the price chart looks like the price is changing every day and actively traded. This is what confused me, the price is not constant. If I add manual OTC trades to my cointracking the difference in price between the last traded price and what I can actually get in the current market today is quite huge, it looks a bit strange and might raise eyebrows from my accountant who doesn't realise Qora isn't actively traded for years. If I could sell my Qora at the last traded price I would be very happy, but sadly, that price is long gone! Also, can I manually change the Qora price used to calculate my portfolio? That last traded price makes me look rich! |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES - Complete Blockchain ecosystem for a token economy
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on: November 29, 2019, 12:22:59 AM
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Don't sell the 3 year low....
I have been doing this for 15 years in stock market, sell high, buy low.
It's not a 3 year low for me and, anyway, I'm reconfiguring my portfolio (bit of a fancy word for my small pile of coins) in readiness for the apocalypse, if it comes - a massive die off of coins, with a few remaining survivors. Sasha's project, unfortunately, doesn't make the grade.  Sasha made bank in 2016 with the 30k Bitcoin he got from the WAVES ICO, he hasn't been serious about building anything since he became a multi millionaire, he has zero motivation for anything other than, 1. Avoid going to prison for numerous securities violations 2. Avoid being attacked by disgruntled investors Everything he does since 2016 has been a long drawn out exit strategy, he got enough money for 10 lifetimes, he doesn't care about any of his projects, Coinomat, WAVES, Vostok etc etc , he honestly is praying for the alt coin Armageddon so he can say, "look I tried for all these years but it didn't work" , then he retires on the WAVES ICO millions. Everything he does is for show, he is NOT sincere in trying to make any of his projects work. This is the truth, if the community doesn't like it our only options are to prevent Sasha's getaway, see that he is charged for securities violations, go and confront him in the real world, make him squirm, make him uncomfortable, then he doesn't get away with it. |
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What the hell?
