I am using bitcoin as my source of earning since 2017 and I know it is best way to gain money you will not have to put so much just spend some time to gather knowledge and information about crypto and you will be able to create good post in the forum. It will increase your rank and will give you good merit as well which leads to good earning.
Comes from a guy who hasn't sent or received a single merit in the last 6 months like me  (Edit: Getting merits for making quality posts) You were just lucky to be a hero member when the merit system was introduced and making use of it earn from the forum. This is true for a lot of members here. |
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Hey guys, thanks to all for the reply. I was able to get LBC issue cleared up rather quickly as I figured it would be! Got the btc I needed and all is well. Thanks to everyone that replied.
I think the OP no longer needs the loan,as he has mentioned that the LBC flag issue has been resolved. It's better to close the thread, if the OP no longer needs a loan. |
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I am happy that the XCT tokens are listed in Latoken and proposed to be listed in other exchanges like IDEX etc.
But don't you think that the project should inform it's members regarding the details of the total funds raised during private sales, ico and ieo? Everytime I ask this question in the telegram group, I get the same answer "Please wait for the official announcement" How long will it take to issue a statement on how much funds the project had raised? Shouldn't the community members know how much the project have raised? Or Are you too ashamed to share the info with the community members?
And now I am banned from the Telegram group, for asking this question. Its too bad that only investors get to ask questions. Can't bounty Hunters ask reasonable questions regarding the project? We bounty hunters, if not invested money have invested our time in promoting the project in social media. So we are just the same as the investors.
I hope that the xcrypt team will consider my request and issue an announcement regarding the funds raised by the project.
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However, I think this is the best answer to this article's question.
And I hope someone can help me explain that "why does he receive merit? Is this unfair?"
There is nothing unfair, in giving the newbie a few merits. Merit system was introduced with main goal to curtail shitty posts because of the signature campaigns, not to curtail the growth of the community members. A forum is place where a group of people share their knowledge. So anyone is free to contribute to the forum. I think Ognasty gave fantasticbaby2605, as a welcome gift to the forum. That doesn't mean that he should give every newbie a few merits. Like it's informed in the forum. Just make your valid contribution to the forum and the forum will give you merits in due time. |
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Loan ammount: 0.002 BTC or 0.07 ETH
Loan duration: 1 week max (waiting for my paycheck, it will be till friday)
Reason for loan: I have a day off and want to buy some beer and watch tv
Collaterall: None, i have had several loans taken here before in ETH and waves, repaid all before time and with decent interest (waves loan paid 1000x more than i borrowed), also im doing much bounty work arround here so red trust is big NO
Interest: 50% (refunding 0.003 btc or 0.105 eth)
BTC address:
3Arb8R1SNN1jjFgjyUFM7KRqC2X1FTgxKj
ETH address: 0xd43d6831700e3d213ffac537d34a74487190b7f5
I'll fill you 0.07 ETH within few minutes. |
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Not the right place to look for educational loans. Please read the pinned messages before creating new topics. Nobody in this firm is going to give you loan unless you provide a valid collateral. I doubt even with valid collateral, someone will lend for long time. Its better to try local banks for long term loans.
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So many topics regarding this Libra coins, yet these people don't seem to invest in it instead.
Libra is not like other projects. Libra takes investments as Libra investment Tokens. The initial members of the council are the Founding Members and serve as the network's initial validator node. To be such a node, an entity needs to make an investment of at least $10 million in the network through purchasing Libra Investment Tokens. Each $10 million investment entitles one vote in the council, subject to a cap. So, the minimum investment needed will be $10 million  If you are mentioning about Libra coin, it is proposed to be a stable coin. ie. If you purchase Libra coin for $10, you'll get back $10 (approx) when you sell it. Not a great investment idea So, Libra doesn't provide any opportunity for the common folk to invest with them as of now. |
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It’s been a while since I last posted in this forum, so I thought of writing something useful to the community about the latest "Libra" Project as there is not much information in the ANN. In this post, I’ll be sharing my views, information from several sources that I have read and points from the Libra Whitepaper and Website. Libra Libra is aimed to be a stable digital currency built on a secure and stable open-source blockchain, backed by a reserve of real assets, and governed by an independent association. The project has targeted to launch in the first half of 2020. Libra has proposed a Libra Investment Token, for investment purposes and a Libra Currency, to serve as a stable digital currency. The Libra Reserve –- Libra is fully backed by a reserve of real assets. A basket of bank deposits and short-term government securities will be held in the Libra Reserve for every Libra that is created.
- The money in the reserve will come from two sources: investors in the separate Investment Token, and users of Libra through authorized resellers.
- The reserve will be invested in low-risk assets that will yield interest over time. Interest on the reserve assets will be used to cover the costs of the system, ensure low transaction fees, pay dividends to investors who provided capital to jumpstart the ecosystem and support further growth and adoption.
- Users cannot directly interface with the reserve instead through entities authorized by the association to transact large amounts of fiat and Libra in and out of the reserve. These authorized resellers will integrate with exchanges and other institutions that buy and sell cryptocurrencies to users, and will provide with liquidity for users who wish to convert from cash to Libra and back again.
The Libra Blockchain –- The Libra currency is built on an open source Blockchain, “Libra Blockchain”. It will start as a permissioned Blockchain but will work towards a permissionless network.
- “Move” is a new programming language for implementing custom transaction logic and smart contracts on the Libra Blockchain.
- Libra Blockchain adopts a Byzantine Fault Tolerant (BFT) consensus approach using Libra BFT consensus protocol. BFT consensus protocols are designed to function correctly even if some validator nodes — up to one-third of the network — are compromised or fail.
- Data on the Libra Blockchain is protected by Merkle trees. The Libra Blockchain is a single data structure that records the history of transactions and states over time.
- The Libra Blockchain is pseudonymous and allows users to hold one or more addresses that are not linked to their real-world identity.
- It is expected to operate at 1000 tps.
The Libra Association – - The Libra Association is an independent, not-for-profit membership organization headquartered in Geneva, Switzerland and is the governing entity of the Libra Blockchain and Libra Reserve.
- The association is governed by the Libra Association Council, which is comprised of one representative per validator node. Initially, this group consists of the Founding Members.
- All decisions are brought to the council, and major policy or technical decisions require the consent of two-thirds of the votes.
- The Libra Association is the only party able to create (mint) and destroy (burn) Libra. Coins are only minted when authorized resellers have purchased those coins from the association with fiat assets to fully back the new coins. Coins are only burned when the authorized resellers sell Libra coin to the association in exchange for the underlying assets.
Founding Members –- Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
- Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
- Telecommunications: Iliad, Vodafone Group
- Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
- Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
- Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking
Calibra- Calibra is a regulated subsidiary created by Facebook on top of the Libra network.
- Calibra will be available as a standalone app in the App Store and Google Play. You will also be able to use Calibra directly in your WhatsApp and Messenger apps, so you can send and receive money as easily as you message friends, family, and businesses.
- When Calibra is available, you will need a government-issued ID to sign up for an account. Facebook and WhatsApp account information are also used when available to verify identity and prevent fraud. Calibra also has in-app reporting and dedicated customer service. In the rare event of unauthorized fraud, you will receive a full refund.
- Website: https://calibra.com
The Good- Facebook has a pretty huge user base. With the announcement of Libra, Facebook has undoubtedly put the word “Crypto” in the minds of almost everyone in the world. Hence, there is a huge chance of increasing crypto adoption in the following years.
- The process of minting and burning of Libra tokens when deposits and withdrawals are made from the reserve is a welcome move for a stable coin which is going to be backed by real assets. This means that Libra will be 100% backed by real assets.
- With the announcement of Libra, US and EU regulators have immediately asked them to stop developing Libra until the governments could review a plan. Before Libra, the Governments have been mostly ignoring cryptocurrencies. Now that Facebook has upped the stakes, there is a possibility of imposing a new crypto regulation. I believe that regulation of the crypto market will curtail ICO & other scams.
The Bad- The initial members of the council are the Founding Members and serve as the network's initial validator node. To be such a node, an entity needs to make an investment of at least $10 million in the network through purchasing Libra Investment Tokens. Each $10 million investment entitles one vote in the council, subject to a cap. So, it’s more like a centralized ecosystem where some big corporates validate the transactions.
- Libra will start as a permissioned Blockchain. In a permissioned Blockchain, access has to be granted to run a validator node ie. Only if invest $10 million, you’ll be granted permission to validate.
- While the interest received from the Reserve is shared among the validators, the Users of Libra do not receive a return from the reserve. As the user base grows and the money starts flowing, the reserve gets bigger and the validators (Corporates) earn interest on the Libra User's funds and the users are left with nothing.
The Ugly- Since, Libra will be backed by traditional money in a bank to support a stable price, it has to be layered on top of the existing financial system. Thus, the successful version of Libra will be more of a Global Payment System for moving fiat money around the globe with low cross-border transaction fees rather than being a cryptocurrency.
- Though Facebook is expected to maintain a leadership role through 2019 in the Libra Association, once the Network launches, Facebook’s role in the governance of the Libra Association will be equal to that of its peers and important decisions will require two-thirds of the votes. While one may think it as a good thing, it means that Facebook or Calibra or the Libra Association can’t really make any promises about how their technology will work in the future.
- The Whitepaper quotes as "Our ambition is for the Libra network to become permissionless. The challenge is that as of today we do not believe that there is a proven solution that can deliver the scale, stability, and security needed to support billions of people and transactions across the globe through a permissionless network." When Bitcoin, Ethereum & others have already provided a proven solution for a stable, secure, decentralized and permissionless network, I am not sure of what the Libra Association is trying to accomplish.
- While the Libra Blockchain is pseudonymous and allows users to hold one or more addresses that are not linked to their real-world identity, Calibra will need a government-issued ID to sign up for an account claiming that it is required for AML rules. Why does Calibra need users identity when the network itself is pseudonymous? When Facebook's data privacy breach is an ongoing debate, none could trust Facebook with their identity and financial data.
Edits: 1. Libra / Bitcoin / PayPal -  2. Libra Vs Bitcoin |
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தமிழ் பேசும் நபர்கள் இங்கு மிகவும் குறைவு என நான் நினைக்கிறன். எனக்கு தெரிந்து 20-25 நபர்கள் மட்டுமே இருப்பார்கள்.
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