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I wouldn't go so far as to say only the greedy or stupid fall for these scams. And yes, these types of scams have been with us since money of any kind was a thing. I think the scam potential is exacerbated in crypto because much of the technology is poorly understood. I fell for a scam just like this when I was a newbie except that the claim was you sent your BTC to this address and it would get sent back to you plus some from "mining." Well, since I didn't understand mining I failed to realize the promised returns were ridiculous. That's how I ended up finding this forum, actually, after I realized I'd lost out. And people called me (and others who'd fallen for that scam) an idiot. I figured the way I could make the best of it was to learn my lessons. I don't generally fall for that *particular* type of scam anymore, but there are plenty of others. And I refrain from calling victims idiots. And I try to warn people whenever I can.
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I had a problem with the wallet so I reinstalled with the new version 3.0.0.15. It all restored OK. I unlocked the wallet but the blue diamond isn't starting staking. It's been several hours. Not sure what to try to get it working.
Staking not active
Multisend not active
Often, when I've had to do something major with my wallet like that, for whatever reason it won't start staking until I've closed it down and then reopened it. Then it works just fine. |
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People need to get used to volatility, because it's not going away. But I know how it is when it's your first time. If you haven't experienced the Bitcoin market going up and down a few times, and especially if you bought closer to the high, it can be frightening to watch it go down and down and down... and wonder if it will ever recover. It will. About an hour after you sell out!
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I hear that Streemian is closing completely. That's probably going to put a damper in this Steemit project.
Streemian is just one tool of the many available. Look: http://steemtools.com/If you want similar functionality try steemvoter. I'm familiar with SteemVoter. It serves a different function than Streemian. What are you using for your trail project now? |
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do know what happened to huge amount stolen from coincheck xem? are the stolen coin addresses available? Have the coins already been dropped on exchanges?
All funds are traceable and NEM foundation is marking all accounts with the stolen funds. only about 1100 XEM has been moved around AFAIK, and no XEM has been moved to any exchanges yet. I think the thieves will have a very difficult time cashing out. Five percent of the entire NEM supply has been effectively taken out of circulation. I mean, it can technically "circulate," but it's tainted. |
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I honestly think it could happen. You just never know. And with the big boys getting involved. I can believe they may be behind FUDing the market so they can buy in cheaper.
Part of the reason you only invest what you can afford to lose, i.e., don't need is that you can't be desperately needing the money during these downturns. You need to be able to wait it out, possibly even buy more.
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Dnotes,
With BTC dropping fast, what kind of uplifting advice can you give the new people (doing this for the first time) wanting to hurry and get out? I know you are putting together training for the stay at home parents (Cryptomoms) who want to invest in crypto and all i'm hearing is I will never do that because of what we are seeing today. It could rebound and we all know this, but is something like this part of your training in the new Dnotes 2.0?
How about this: You haven't lost anything until you sell. Really. What goes down comes back up in this market, only a matter of time. This dip has happened every January since at least 2014. Lots of forces making it seem worse this year, it's the "FFF" factor; "Futures, FUD & Fools" Hang in there...  Great advice, RJF. You have been around in our industry for a long time and have literally seen it all. That said, I have these to add: A major price correction after a huge run up is not a surprise. I am, however, very concern about the cumulative effect of many self-inflicted wounds caused by bad actors, as well as the reckless disregard of sound investment practices, and the recognition of existing legal and regulatory frameworks. The ICO gone wild craze will cost the industry dearly, as reflected in the increasing number of law enforcement actions. There is also the fear that Tether (USDT) may not have lived up to its claim of a 1:1 reserve. There is no good advice for those who are already 100% invested. This industry has been behaving very differently, as I mentioned in a recent article – with a casino gambling mentality: https://dcebrief.com/bursting-bubbles-with-falling-knives-have-we-created-a-global-casino/If I must guess, I would bet that we have yet to see the bottom. But who knows for sure. For those who are just getting started, it is important to do your home. Traditional VCs place high value on the team and their track records that are proven and verifiable. Those are good guiding principles. DNotes will be celebrating its 4th anniversary on February 18th. We have been totally committed to our vision of building a trusted digital currency accessible to everyone worldwide. It has been a very consistent message of inclusiveness for the benefits of everyone as we strive to gain mass acceptance of DNotes in global commerce. It is our belief that to be the innovator and technology leader we must keep the needs of our stakeholders, consumers, and society in mind. We must be purposeful in our missions utilizing our expanding ecosystems to educate the general population, create innovative products and services, and respect existing laws that are applicable to our industry. With that in mind, the current industry turmoil could benefit DNotes over the long-term. I've gotten zinged some by the current market downturn. The part that really annoys me is the way in which the entire asset class moves in sync (mostly, there are a few exceptions here and there). If Bitcoin falls, so does everything else. If Bitcoin rises, ditto. It's lovely when Bitcoin is on the rise because often, the alts you hold will rise even higher, and then your gains can be exponential. But then when Bitcoin drops, and everything else with it, it's like the rapidly shrinking net worth. It's very difficult to work with, especially if you happen to need some cash during the contracting phase. A coin that can continue to hold steady or even rise while the rest of the crypto asset class is falling would get attention, especially if it managed to do that more than once. I'm pretty happy to have coins that don't fall *as much,* such as DMD Diamond. But will DNotes be the coin that stands on its own and even rises when there's blood in the streets? I think it has a pretty decent chance. |
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Volatility is part of the landscape of cryptocurrencies. Prices go up, prices go down. Sometimes there is no rhyme or reason. It's just something you have to deal with if you want to play this game.
I personally would prefer Bitcoin to be more stable, but it's not going to get there with so many speculators making it their playground.
The unfortunate thing is the other coins tend to rise and fall with Bitcoin. But there are good ones which rise and fall much less than Bitcoin, so at least you get some stability and store of wealth. DMD Diamond is a good one to check out.
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I would take anything from the mainstream media with a HUGE grain of salt. CNBC is after its own interests--get people to read their stories, sell advertising, the usual journalism stuff. I don't know if they have any actual interest in Ripple or any other coins, but if they do it would be right to disclose that.
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I have this super-ability to invest a couple of bucks into coins that will be compromised the next day
LOL. So, whenever you buy a coin, you can post what you bought and where, and we'll stay away  No seriously, sorry to hear you lost some of your coins. It's rough when it happens. It is unfortunately rather common at this stage in our industry. Hopefully things get better. |
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I hear that Streemian is closing completely. That's probably going to put a damper in this Steemit project.
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I really question the whole "World Leaders" part of that statement. They may be seen as "leaders" but I see most of these people as "chair warmers". Regulation is only good if you truly understand what you are regulating. I don't see that from these people at all, I see fear and that is dangerous. We as a group, as crypto users and leaders, need to constantly push our message on why crypto is not a threat to these people if they embrace it. On the other hand, if they fight it, it will only go underground and become a weapon, and an unstoppable one at that. It may be hard to believe that very often people expressing a strong opinion against digital currency don't understand the very basic concept of DLT (Distributed Ledger Technology) operating in a peer-to-peer setup with no single point of failure. It cannot be controlled or destroyed - hence unstoppable. The fascinating thing about this situation is that if they try and make it hardy to access and use, they will bias usage towards those who have no other alternative, which brings in a larger proportion of criminal usage. Then as a result, a large proportion of tools and services supporting its use will also be targeting the most profitable customer base, criminals. So attempting to fight cryptocurrency adoption increases the problem they are trying to avoid. Accepting that a minority of people will use cryptocurrency for criminal activity, in exactly the same way that cash is used, would enable them to focus on how to encourage adoption with systems that favour those who are open about their transactions, such as those that accept cryptocurrency payments in exchange for legitimate goods and services. And there are already strong drivers for the market to develop identity management systems based on blockchain technology. As this becomes available, people are likely to want to bind their identity to blockchain transactions for a variety of benefits. If you can prove it was you who paid for an item that becomes faulty, there's your receipt. If you must have purchased a product before you review it, there's your authentication. If your coffee shop introduces a loyalty card and includes previous purchases by cryptocurrency, there's your reward card with digital holes already punched in it. And if the majority of transactions using cryptocurrency voluntarily link their identities, the remaining transactions are easier to identify, and harder to conceal when they are then used in conjunction with patterns that already have identities. So fostering an environment where cryptocurrency usage for legal products and services is favoured, results in less services focused on meeting criminal requirements, easier detection of suspicious transactions, and a greater ability to connect illegal activities with identifiable transactions. Once this is made clear to our powerful leaders, and they continue on their anti-cryptocurrency path, it will become clear that reducing criminal activity is their justification, not their aim. That makes me wonder... have any industry representatives attempted to reach out to the Trump Administration to educate the key lawmakers and enforcers on the nuts and bolts of the technology? If they're getting their news from the MSM like most people, their perception would be rather skewed. I've thought of reaching out myself, but I think it would make more sense to do it as a concerted effort among various industry leaders. Not sure if I would be considered an industry leader LOL. |
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Wow! That is quite the heist. The part I don't understand is why 523 million NEM were kept in a hot wallet. I can't believe that is the amount that gets withdrawn on a daily basis because that would represent over 5% of the entire NEM coin supply. |
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There were no alerts on my Aricoin Pay side. I know this because I had to open it up to find the address to send the coins to. It gave me the address just like it always had before and there was no indication that anything was amiss. I only found out about the fork after I reached out here and asked why my coins weren't showing up in my wallet. At least that is what I remember. I sent from Cryptopia. Development,...Thank You for your statements here and efforts. Much appreciated.
You are very welcome. We will be doing everything in our power to move Aricoin forward this year! Did you get given any of the cryptsy coins by the cryptsy receiver?
The cryptsy receiver gave the low value coins he couldn't sell back to the devs of each coin.
We requested the Aricoin wallet from Cryptsy multiple times with no reply around the time of the events. Last month we discovered that Greggory Matthews was in possession of the Cryptsy Aricoin wallet from the receivership in 2017 as can be seen by his redistribution efforts here: https://www.goldcointalk.org/index.php?topic=3789.0 - we are trying to contact him to get details of who is holding the wallet but we are yet to receive a reply. If the stolen community coins are returned they will be used to help Aricoin grow. During the Cryptsy meltdown (to our knowledge) all user balance records were wiped, sadly there is no way to prove who had what in the Aricoin wallet. Due to this fact, the only way we see forward is to give the coins back to the community on a large scale by building a fund redistribution website that will allow people to claim 1 Aricoin for every unique data point we can gather about that user (Twitter / Facebook / IP linked) and reward users with more for referring a friend to Aricoin - much like our waiting list that had over 100k users waiting - without giving away any coins!. If anyone has a lead on who may have the wallet, please urge them to return it so Aricoin can grow. With that said we will be building a redistribution website regardless of the Cryptsy wallet being returned that will rely on donations from the community. It's important that holders of Aricoin know that for a coin to grow it needs to have wide use which means we need a wider distribution plan to bring Aricoin to the masses. NOTE: If you did lose coins on Cryptsy send this account a message so we have records of it for reference.
This is awesome to hear that you guys are making a comeback! I lost a large amount of ARI a few years ago. I bought it on Cryptopia and sent it off to my Aricoin Pay wallet. Back then I was able to log into the site. The coins never showed up in my wallet. When I asked about why, I was told that the coin had forked and the old wallet addresses no longer worked. But there had been no indication on the website that this was going on. I was told that someone would just send me the same amount of ARI to make up for the loss, but then I never heard anything again. I kind of figured it was a loss. If ARI is going to be developed now and actually go somewhere, is there any chance I might get back what I lost? I could send more specific info if someone from the dev team messages me. It would be best if the actual coin I lost could be recovered as opposed to merely replaced. That way no one is having to take a loss for my sake.
In the mean time I will keep following this thread. If ARI is going to make a comeback, I might want to pick some up...
Sorry this happened to you wiser, unfortunately there is nothing we can do to recover these coins. We had alerts in place on AricoinPay to inform users of the network changes but sadly the exchanges didn't follow suit and alert people on their side which caused some confusion. Aricoin certainly will be making a comeback - Thank you for your continued support! |
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Bloomberg has demonstrated that when it comes to cryptocurrencies, they don't really know what they're talking about. See this article: https://dcebrief.com/bloomberg-editors-reveal-how-little-they-know-about-bitcoin-or-cryptocurrency/With that said, I wish the bank luck in trying to ban their workers from investing in cryptocurrencies. If they're just saying they can't trade on the clock, that's fine. If they're trying to tell them what they can do at home after hours, that's way too intrusive unless that activity itself were to become illegal. Current Nordea employees have until February 28th to purchase whatever cryptocurrencies they want to hold, and then they can keep holding them according to the article. So... maybe there will be a mini-pump from Scandinavian exchanges towards the end of next month? There might be some employees leaving Nordea to go work for some other bank that has no such ban. That's probably what I would do in that situation. Probably the majority of the workers won't really care about it and will go on ignoring cryptocurrencies like they have up until now. |
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what kind of news do you think will trigger a bitcoin pump
Pretty much anything could. A few months back, there was a lot of talk of people moving their retirement savings and even their home equity into Bitcoin. When you see that happening, you probably want to take some profits. Pumps happen because for whatever reason people believe they'll be able to sell later at a higher price than whatever they are buying it for now, and then lots of people get in on the buying frenzy. I actually don't like all that volatility. There are better ways to make good money in the cryptocurrency industry than buying at one price and selling at another. But at this rate it will take a hundred years for most people to figure that out. |
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Daniel has way more patience with this stuff than I do. I would have just slapped a FAKE NEWS label on it and moved on! One point that Daniel didn't cover extensively is the issue of anonymity. It's actually surprisingly easy to track crypto transactions across the block chain if you know what you're looking for. They leave more of a "paper trail" than cold hard cash. You have to work a lot harder to anonymize your transactions. I read somewhere that lots of people know Satoshi Nakamoto's original Bitcoin addresses, so that if he tried to actually spend a significant amount of his BTC, there would be thousands of people talking about it. How's that for annonymous? In fact, I believe the US government would love to have us report to them all our personal addresses so they know exactly how much we hold (and if we're paying our fair share of taxes or not). I'm frankly surprised the IRS isn't jumping all over this as a new way to audit taxpayers without having to work so hard! |
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We are actively looking for developers & community leaders going forward into 2018.
Please message this account with ideas on how you can help Aricoin in 2018 - bounties available.
Dev, so you guys are active? Would that be the justification for Aricoin's recent recentens? Why were you absent for a long time? What jobs have been delivered so far? Aricoin posusi some type of application? Are you planning to take ARI to other exchanges? Since you asked: Yes - we have always planned to come back to Aricoin - sadly a series of bad events hit the development team - there is no excuse for such silence but we were waiting for a time in our lives were we could devote more time to the project - that's why there has been no update in so long as it would be wrong to promise something when we don't have the time to commit to the project. To give you some context if you were not around in 2013/2014. Aricoin was originally launched as OlympicCoin at the start of 2014 - see this launch thread. The team created the coin for fun originally but because we were one of the first altcoins to gain a lot of traction and community support (with the addition of some team members specialising in marketing) we decided to take the project more seriously. We saw huge potential in cryptocurrency but at that time there were no coins making cryptocurrency accessible to everyone - a 'mass market' coin as it were. So we took this idea and developed AricoinPay around our coin to differentiate ourselves but at the same time do something that was sorely needed, bridge the gap between the cryptocurrency community and the public. Making cryptocurrency accessible. We have some marketing guys on the team and they created a waiting list feature for the launch of Aricoin pay that had over 100,000 people signup - we verified around 10,000 as real people. You can see the history of that on twitter. So now you have a bit of context, what were these bad events? AricoinPay functions exactly like PayPal. It uses real world transaction price data from exchanges, for it to work consistently without easy market manipulation we have to select one exchange for everyone to trade with so it can get an accurate live price from there - we were on a few exchanges, but the trade volume on MintPal was well into the 1000s of BTCs in 2014 so we selected this exchange as our primary exchange and included it in all our marketing material. Then this happened to MintPal in 2014, shortly after our rebranding. Our community and developers made huge losses. We quickly redirected everyone and relaunched on Cryptsy. Exchange volumes started slow but then got even higher here because the exchange was so large. It had a very public image and we foolishly didn't learn from our previous mistake. This happened to Crypsty shortly after. The AricoinPay system relies on exchange data to bridge that gap and displays prices to people in their local currency. After the downfall of Mintpal & Cryptsy in such a short time frame - given their huge respect in the community at the time - we were lost for words - that was then followed by a countrywide ban on cryptocurrency which has since been relaxed. We moved to a series of other exchanges that were much less known than Mintpal & Cryptsy and our thoughts were to wait until a time when the cryptocurrency environment was more transparent - so when we could find a more reliable exchange for the long run - with everything being so heavily regulated now it leaves less room for people to do things like our previous two selected exchanges and we are seeing a future again. We will be taking the next few months to plan our next steps. We would love to have as many people on board as possible to help with coding / community support / outreach. You can see a list of jobs we require below the first post on this thread, so message this account if interested. Extra note for community members who have been with us from the start:We had 6 encrypted backup disks within our team, 3 of these have failed - causing more problems over the last couple of years. If you have historic versions/code for Aricoin or OlympicCoin please send it to this account for our records. In addition to this - we still have all the code for AricoinPay and database records if you had small amounts there you would like to recover - don't worry we haven't forgotten about you! This is awesome to hear that you guys are making a comeback! I lost a large amount of ARI a few years ago. I bought it on Cryptopia and sent it off to my Aricoin Pay wallet. Back then I was able to log into the site. The coins never showed up in my wallet. When I asked about why, I was told that the coin had forked and the old wallet addresses no longer worked. But there had been no indication on the website that this was going on. I was told that someone would just send me the same amount of ARI to make up for the loss, but then I never heard anything again. I kind of figured it was a loss. If ARI is going to be developed now and actually go somewhere, is there any chance I might get back what I lost? I could send more specific info if someone from the dev team messages me. It would be best if the actual coin I lost could be recovered as opposed to merely replaced. That way no one is having to take a loss for my sake. In the mean time I will keep following this thread. If ARI is going to make a comeback, I might want to pick some up... |
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There's an airdrop?
Here's my address: NCI6CD-Z6CO3R-X6EVML-FLTZMO-IJWMZL-F5ICCZ-62G4
On the Weiss ratings I'm interested in what they come up with. I suspect Bitcoin and Ethereum may have some struggles due to network congestion, especially for Ethereum.
It would be awesome too if they looked beyond the top 20. It's usually when the coin is below the top 20 that you want to initially invest in it.
If anyone is looking for some solid undervalued coins, I always recommend NEM (more undervalued now than it was last month!), also DMD Diamond and DNotes. All three of those could enjoy explosive growth in 2018.
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