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It is a matter of time before we start to differentiate between real exchanges that are capable of holding IEO from those hungry exchange platform that are merely fundraising platform with sole interest of making quick money by listing project for IEO. I will not mention names but If you are investor and you are very wise, by now you will know some of these exchanges I am refering to. Some of them have numbers of tokens running crowdsales higher than the number of crypto listed and trading on their platform. Not to talk of many dead projects that they have refuse to delist.
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Well, this is the part of the challenges facing investment in cryptocurrency. Ever since I joined crypto investment business, I have never seen or hear how scammers are arrested and jail for defrauding people and this is the reason why there has been increase in the scamming rate because a lot of scammers think this is the best way to scam people by creating fake ICO with fake team. Even I have come accross project that are registered in some international countries turning to scam also. Until we make scammers to start fearing creation of fake scam project. thing might not change
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Well if you are talking about a decent exchange, you have to be specific what you want. If you are interested in trading on a very secure platform, I can tell you that no platform is 100% secure. You may be thinking Hitbtc is very secure but there is a wide gap in term of benefits that exist in trading on binance than the Hitbtc. I am not saying Hitbtc ain't a decent exchange, but they are still very far from Binance in term of rating. Unfortunately, binance witnessed attacks in the past and they are still very stable and doing great. If the same thing occurs to hitbtc, do you think they will recover back fast?
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Although the Ethereum is currently above $300 now the price of BTC and ETH are independent on each other. In the past, traders tend to sell more ETH to buy BTC when there is price rise in BTC as we are witnessing now which make the price of ETH to drop. The same thing can be witnessed by other tokens that their price is locked to ETH. When the price of ETH falls, their prices fall and when the price of ETH rise, they also witness an increase in their price. I think it is just about demand and supply. The higher the demand, the higher the price of the commodity.
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What am recently noticing now is that bounty project are now moving into IEO first before starting their project so as to attract many investors
Most of them know where they are going for IEO especially those ones that are in for profit. I will not mention names but we have started knowing exchange platform that is merely fundraising platforms. It is embarrassing that many of this exchange platform has made their listing fee of the project for IEO low in order to attract many of them and that is the reason why we have many scams project. |
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In as much as I agree with some of your points, I do not think we can stop any new ICO project but what we can do is to work together as a community and make sure scam and irrelevant projects are prevented because it hots and damage the reputations of cryptocurrencies. Nearly everyday, news about crypto scam are reported. This can actually reduce when we start kicking against them right from this community. Also, remember it is not about ICO alone but also we should all discourage the use of exchange platforms that list scam tokens and offer IEO with major aim of making quick money. There are many exchange platforms out there that are more of crowfunding platforms than exchange platforms
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I have used Electrum wallet before but I stopped using it when I discover it is always been target by a lot of hackers and almost every year we hear about the electrum wallet being hacked but apart from this, during the time I was using it, the transaction fees are always high even when it was not during the bull run. can you suggest any desktop wallet with variations in selecting the transaction fees just like that of bitpay that I make use on my android phone. I do not think bitpay desktop wallet is available also
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From my side, I guess medium suspending bounty hunters (Not All I think) is because so many of them plagiarized the content, and that's make medium become low quality social blog.
Plagiarism is not what makes bounty hunters account to be banned. According to the medium rules which were attached to this thread, stated that bounty campaign is not wanted on the platform. So it is very clear that ones you are a bounty hunter and you post a blog to support a campaign, you will be banned from the platform. You may be thinking how do they discover this, but I think they actually build an algorithm to detect this and ones you are detected, you will be blacklisted before being finally blocked. Not only bounty hunters but any account that promotes bounty campaign |
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PricewaterCooper is a financial auditing firm. Well being an expert is a big word which has to do with relevant education background, Skills and long years of working experience. Recently, I have come across many Universities especially in Europe offering courses in blockchain technology at Msc level. However, I still do not think we have some group of individual that we can be termed 'bitcoin expert' except the person is the original developers but rather blockchain programmers. Probably PWC has recruited some BTT users from the ANN thread  |
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People are really desperate to know the identity of this man. What exactly do you really want to gain? oh! probably, many people will call for his head. There has not been any clue that Satoshi is dead or alive and just like anyone can create an account and name it any name, so also Satoshi Nakamoto account can be created. Even if Satoshi is alive, I doubt if he will make his presence known to anyone. Who knows maybe he is even reading this thread now. Everyone should let Satoshi rest in peace. his presence may cause damage rather than development.
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Just like you have highlighted that merchant will prefer Libra than Bitcoin meaning that Libra will be competing with other payment processors like paypal and other giftcards while for the traders, Libra will serve as an umbrella during drop in price of crypto. This mean that people will be interested in converting the coin to Libra when the price of bitcoin falls. It is hard to predict but I do not see Libra as replacement for bitcoin but rather another contender. Libra will certainly be in top 5 coin or marketcap
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The influence bitcoin has brought in term of offering a source of income is bigger than the influence most African countries governments have on the economy. E.g. In some country like Nigeria, 7 out of 10 Graduates are unemployed but cryptocurrency has given many people opportunities to earn little savings by taking menial online Jobs and mini importation business. But despite the influence, The central bank has been warning people to keep away from crypto. terming it as ponzi scheme.
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Just like how some people are viewing Mark Z. with distrust and skeptics, Libra is seen on the same way in some cryptocurrency circles.
99% of people say Windows sucks but they 90% of them use Windows. 99% of people say they hate banks but most of them have at least one bank account. The US is the most hated country but thousands try to get in illegally and thousands apply for a green card. If you ask people about television, almost everyone will say its a waste of time but 3 hours later they are glued to the tv. It will not be a decision of trusting or not trusting Suckerberg, it will all be about convenience. The project is yet to commence but since the website was released this week, there has been a lot of predictions. Libra was trending on twitter for almost twelve hours. Probably Zuckerberg and his boys will be hiding somewhere taking note of the criticism and looking for a way to factor in all of them. I have seen a lot of comments about how some top companies including banks will not allow this. I am sure they all forget the influence the Facebook has on many financial institutions. |
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US are afraid of almost everything that gives freedom and because of it they want to either stop the launch of Libra coin or delay it in order to lessen the people who adapt in crypto currency.
Once facebook will successfully launch their coin, there is a big chance that 80% of the countries will start to adapt and accept crypto currencies as legal. This what US really don't like to happen.
The fast they accept this the better for them. They have succeeded in making their citizens a punching bag when it comes to benefiting from things that other countries are widely accepting. They always want to be in control everything but yet they have many lawmakers that are slowpokes. I have seen many of their citizen complaining about the currency binance banning and stoping US citizen that are already using or intend to use the platform for crypto trading. Instead of them to quickly make libra an avenue to successfully and positively help their country, they want it to be delayed. |
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So?
Can this coin become alternative visa & paypal for purchase menthod in the future?
If YES, I'm sure this coin will be become one of Major coin and then listed on Top 10 coinmarketcap rank.
IMO
And last question,
Are they want to make an ICO?
Let wait and see but I do not think they will make public ICO. Most big and projects that are backed up by a large company like this always do private sales and will not go through public sales. No matter the numbers of Libra coin that will be issued, I believe they will all be bought by private investors so ordinary people will not be able to purchase the coin. Of course, it will be alternative payment but it will not be decentralized as they have claimed. My concern is why Visa and PayPal are also supporting this coin when it supposes to be their competitor. |
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I highly doubt that Facebook will make its cryptocurrency decentralized. This does not fit in with the logic of this social network. Facebook has been appointed by the us government to control society and give information to us intelligence. All Your transactions will be known to the competent persons. If You have something to hide, then using a token from Facebook is not Your option!
Do you read through the whitepaper? Libra is non-profit organization. Although Facebook places a role in its development it is not totally own by Facebook as people have been saying but as time goes on we shall know about it. Since its an open source stable coin, I think Libra will have its own blockchain and not built on ethereum as usually done by many projects . I always know a big project even from the start and Libra is another one. I am very confident they won't carry out any form of offering. The project will be massive |
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IEO is now in new fashion. But ICOs still dominate the market. ICO performances still seem more reasonable if we take a few IEOs out of Binance. Verasity completed its ICO, for example, and has recently received Binance DEX approval. So it doesn't matter to have IEO. ICO or not it doesn't matter, a good project would be successful!
It does matters. The success of a project is not tied to being a good project. There are many great project out there but they could not gather softcap during ICO because investors are adamant to make a contribution. Getting listed on exchange platform for IEO give investors more confidence and also helps the exchange platform to get more new investors as future traders. However, I am very much concern about IEO on some poor exchange platform. Some of them you find it hard to believe they are exchange platforms or a fundraising platform. |
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the fact that many investors do not trust investing in the ICO because the ICO deceived them in every way and now the IEO appears, investors certainly choose to invest in the IEO rather than the ICO because IEO has good quality from the ICO
I do not totally agree with you. It depends on the exchange that IEO intends to be launched. From my experience, some are even worse than ICO. There are some exchange that has launchpad that gives IEO a shot but yet they do not protect the investors as well. Exhibit 1, I know of a coin called ABX that launched IEO on Latoken. After the end of the token sale, the team refuse to list the coin on the exchange but rather up out for listing on one platform called Celio that have a lot of limitations when users want to make a withdrawal. Up till today, many investors are still in darkness |
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