This issue has been reminded by some members in this forum from a few months ago, but dev is still ignoring it. They pretend that the price and liquidity is a secondary matter and no need given attention  The tokens price doesn't matter to team. Because they have already sold their tokens in crowdsale at the price they wanted. No matter what is the current price. And it's not the only project that does not care about the price. It is same as most of other tokens. Whenever you ask about the price, they ignore you or they will say they are working and they cannot talk about price. |
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A few days ago, some news platform such as Coindesk and Cointelegaph announced that TON's code will be released on Sept. 1. I expected the news to be fake as nothing had been announced officially by telegram.
I have two questions.
1. What is the purpose of such news platform from spreading fake news?
2. Is there any report about what is going on with Telegram and its TON? Why nothing is announced?
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OK, I will go through the KYC procedure, and what will happen to my anonymity? All data about the user will be known, and anonymity is something that is very appreciated.
Among the exchanges that EDC is available in them, Yobit doesn't require you to pass KYC. If you want to remain anonymous and you don't want KYC, you can use Yobit. If I am not wrong, On Coinbene withdrawing coins and tokens up to a certain value doesn't need to pass KYC. Coinbene might be a good option for you too. |
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Cryptocurrency is only a kind of currency. Bitcoin has been created to making the payments easier. Nothing more.
Economic growth of any country is affected by human resource, natural resources, capital formation and technological developments.
The total income of a country is determined by the goods they produce.
How bitcoin can increase the total goods that are produced?
I don't know how is the economic condition in India. But I don't think bitcoin can solve big economic problems.
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Locking the tokens was a really bad decision.
It's holders right to have access to their tokens even if they want to sell their tokens immediately after they release.
Such decisions only make the people lose their trust and I am sure they cannot stop price fall using such useless methods.
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What makes you believe that they are really active because if they are active they will always have updates for investors but at this project it happens very little. I don't believe in any of their promises because up to now no any price improvement has occurred and certainly will never be able to return to the ICO price because this shitcoin has no value in investment.
The price fall and the big difference with ICO price has other reasons. I think the main reason of price fall are the lack of big exchange, poor marketing and also big bonuses that I guess had been given to big private investors. The overall condition of altcoins market should be also considered. According to the road map, it's soon to expect the product to be released. |
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I expect the team to consider early implementation of the stable coin maybe at lower (ICO price) as gift and encouragement to early customers. Maybe a lower percentage can also initiated then increased later. The initial pairing with USDT could have been effective to control price if maintained and hope it will be encouraged in subsequent exchange listing.
Do not expect that. It's impossible. The only way is the team buy back all the tokens at ICO price. It costs very much and they won't do that. A big amount of the money raised have been likely spent. Also, the money raised is much smaller than circulating supply * ICO price. They have sold many of the tokens cheaper to private investors. |
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I am new to locktime and it is this the first time I've heard about it.
Assume that I have 10 bitcoins and I sign a transaction which will be valid after 5 years from now. If I need money and I want to spend 1 bitcoin, what will happen?
Am I able to make this transaction? If yes, what will happen to that 10 bitcoins transaction?
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Telegram raised 1.7 billion USD in their token sale, do not you think that it is not too much? EOS raised 4 billions USD and still they are not able to overbeat all competitors.
1.7 billion dollar was raised only in private sale. Telegram didn't have any public sale. If they had conducted a public sale, they would raised much more than money raised in EOS crowd sale. So, they didn't need more money. The success of a project does not depend only on money they have. There are many other factors. Telegram can take the advantages if its popularity. It should be also noted that EOS and telegram purposes are completely different and they are not comparable. |
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There are some websites that are easily identified as scam. This is one of those websites that are clearly scam. Every website claim that get money from you and give back you multiple times of that is 100% scam and no further investigation is needed.
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It is Sep 1 already but I can't seem to find the place to test this blockchain. Can anyone share the link
Nothing is supposed to launch. As I had made a post here in this topic, we shouldn't wait for something to launch untill Telegram itself officially announce it. Do you know who had claimed TON blockchain public testing will launch? No one knows. Why should trust such a news? |
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I think there is a little missed up here. When we talk about anonymity, it means the transaction can not be traced to a real identity. The fact that a coin is stolen and retrieved that doesn't mean it can not be returned because bitcoin is anonymous. It can be returned because everyone that the coin is stolen from have an address which can be verified through the blockchain. So if you want to send back stolen fund then you send to those addresses that the coin was initially stolen from. Therefore anonymity in crypto is defined within identity context
A person who steal some bitcoins, won't return those bitcoins to the real owner unless the identity is revealed and he/she is forced to return the bitcoins. I know returning if bitcoins to the real owner is theoretically possible. I meant, if transactions are anonymous returning of bitcoins is impossible. Because a person who steal the bitcoins, won't return them without any force. |
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It's better to provide a link when you post such a news. Here is the link of news on Cointelegraph. https://cointelegraph.com/news/report-telegram-to-launch-ton-blockchain-public-testing-on-sept-1Any way, nothing has officially announced by Telegram team. It's just a claim by an anonymous investor. We don't know even who is this investor. Till now we have heard many fake news and I don't believe this until Telegram announce it officially. If the news is real, Telegram will announce it. Cannot trust an unknown person. |
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However, this can be done by giving the keys to more than one trusted party and signing from more than one user, for example, four keys, one at the bank, the other to the client and two to trusted independent parties or even the court. To make a transaction done you need three signatures.
I got it. It's same as some other multi-signature wallets like Greenaddress. But, it is also said that customers hold their own private keys. If you have the private key, you no longer need their platform, you can easily import your bitcoin to another wallet. The private key they are talking about might be something else and different from what we export from decentralized wallets. you will have to sell your bitcoin on their exchange at a 1% fee (which is a higher than most big exchanges), wait up to an hour for your bank account to be credited with fiat, and then spend the fiat
They have claimed that customers hold their private keys. If it is right, using their exchange is not a must. Holding the private key make customers independent from their bank. Their announcement is a bit confusing. Seems that they don't know exactly what is private key or they have another definition for the private key. |
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I read the news and some questions came to my mind.
It is said that the wallet is a multi-signature wallet. It is also said that customers have full control of their wallets at all times.
If I am not wrong, in a multi-signature wallet, more than one key is required to access bitcoins and the customer has only one of the keys. So, how can the customer have full controls of bitcoins in a multi-signature wallet?
It is also said that customers have the private key. How can have the private key in a multi-signature wallet? If you have the private key, there is no need to bank's signature
If the customer has the private key, what if the private key is stolen from the customer? It is said that bank guarantees the bitcoin. How can they return bitcoins to the customer?
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In order for these huge whales to consider bitcoin as an alternative to other stuff we need to make sure we are easily disposable. Now you think that might be a bad thing but its not, being able to cash out whenever you want without a problem is the number one thing that stocks have over us, some people with low amounts of dollars in bitcoin think its quite easy to cash out but when you have 5+ million dollars in bitcoin and want it all in cash back to your bank account there are a lot of legal hoops you have to go through and that is creating a bit of trouble for us to get the whales into the system.
Stocks are not like that, you sell your stocks and than get your money back and all of it is prepared for you already so you have no problem doing it, we need bitcoin to be like that.
I agree with your opinion about the problem that some people will face. That's why I expect many people to choose gold as alternative of stock market. But be sure bitcoin will also attract many investors. All the countries are not that strict when you deposit your money to their banks. We have already many whales in the market. It's a sign there is no problem for many people when they deal with big amounts of bitcoin. Both bitcoin and gold have their own advantages and disadvantages. Some will be attracted to bitcoin and some will be attracted to gold. There is no doubt bitcoin will attract many current investors of stock market if stock market crashes. The percentage of the money that flow from stock market to bitcoin depend on many factors abd what you mentioned is only one of them which will be considered by some investors as a disadvantage. |
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Possibly bitcoin also will get into affect if the stock market fall because of panic from investors
Why panic sell? Why not panic buy? I expect many people buy bitcoin to not miss the train. Bitcoin has already proved that it can rise so fast. Why should people panic sell while bitcoin and stock market is not correlated? If stock market crashes, the money should flow to a new market. |
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You had to set this withdrawal address yourself. This address should be from your wallet. You can use Freebitco.in as a wallet and shop online and something. But every time when you will want to spend these BTC, you will have to change this address to address which is given by recipient, online shop for example. It's not very convenient, so I suggest to withdraw your BTC from Freebitco.in to your personal wallet and then spend it.
I don't agree with you about inconvenience of withdrawing bitcoin from freebitco. That's really simple. You always need to change the withdraw address whether you use freebitco or any other wallet. But should withdraw bitcoin from freebitco due to security. However freebitco is an old reputable website, it's not secure to hold bitcoin there as you have not fully access to your bitcoins. Generally shouldn't rely on third parties. |
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