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My best bounty platform is bounty0x, Cryptoservices and Bountyhive. Though I have participated in many bounties of other managers, I prefer those three to all of them
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Uncertainty or volatility is one of the disadvantages of cryptocurrencies. Since Cryptos are new concept of money, they are highly volatile. And this volatility is one of the main reasons hindering mass adoption of cryptocurrencies. Businesses are reluctant to deal with a form of money that can go in huge swing of volatility at any time.
Another disadvantage of cryptocurrencies is that it is irreversible, if you mistakenly pay someone with crypto, there is no way you can get the money refunded without telling the person to please send it back to you which he may decide not to refund you.
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PNC Bank, the 9th largest bank in the United States by assets, has joined Ripple’s enterprise blockchain network RippleNet in what is a noteworthy addition for the San Francisco-based fintech. With over $380 billion in assets, Pittsburg-based PNC Financial Services Group has become the latest member to join RippleNet, a global payments network of over 100 institutions including banks, payment providers, remittance forwarders and operators among other financial institutions to enable near-instant money transfers with on-demand liquidity and end-to-end tracking on a blockchain. You can read the full article here 👉 https://www.ccn.com/pnc-joins-ripple-blockchain-ripplenet-for-cross-border-payments/this is the reason why I always believe in ripple. he always gives a surprise that I think is very positive. now when we are ready to buy more Ripple on the market because I am sure that in the future the ripple will be very valuable. You are right, regardless of the state of the market, XRP is a coin that one should always have some in his portfolio |
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PNC Bank, the 9th largest bank in the United States by assets, has joined Ripple’s enterprise blockchain network RippleNet in what is a noteworthy addition for the San Francisco-based fintech. With over $380 billion in assets, Pittsburg-based PNC Financial Services Group has become the latest member to join RippleNet, a global payments network of over 100 institutions including banks, payment providers, remittance forwarders and operators among other financial institutions to enable near-instant money transfers with on-demand liquidity and end-to-end tracking on a blockchain. You can read the full article here 👉 https://www.ccn.com/pnc-joins-ripple-blockchain-ripplenet-for-cross-border-payments/ |
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The truth is that human systems can not be perfect and the imperfections in them are the reasons for continuing innovative breakthroughs. What am trying to point out is with regulation or no regulation, there will still be incident of frauds, manipulations, scams and many more but what regulations will effectively do is to build trust for the industry and makes people see it as conventional industry which they can be part of.
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Though Bitcoin will still dominate altcoins but I don't believe that the dominance can be up to 80% in some years to come.
And to me, one crypto heavily dominating the entire industry is not the best. In an ideal business world, the more evenly distribution of the money within the market, the better and stronger the market will be. When money spread out more evenly, it gives investors chance to compare the different pros and cons of many different cryptocurrencies thereby giving them a more balanced view of the market as a whole.
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Though they may have a better technology but mass adoption is not possible without the industry acceptance. So I think their starting point should be more about community acceptance and we will take it to the masses if it worth it.
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The key factor for any Altcoin to survive will be its real life applications, what problem does it solve. Any altcoin that cannot be apply in solving one or more problems in our world will not stay long before people will forget about it
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I don't think government can kill Crypto or how interest to do so. And as per the volatility of crypto, there's nothing we can do to it.
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In my view, regulation will be good for Crypto industry. As we can now see that many Govt are looking for ways to regulate the industry.
Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.
I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.
Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.
I say regulation will in the end be a good thing for crypto..
What's your view about it?
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My classification of crypto based on my own research
1. Currency Token
A currency token is your classic and old school cryptocurrency like bitcoin which on coinmarketcap you will find referred to as 'coin' as well as 'currency'. Now in this case, there is further classification into minable and non-minable cryptocurrency. The minable ones will most probably be using Proof of Work algorithm and can be mined using hardware devices. Non-minable crypto will use other consensus algorithms for the distribution of their coins. A currency token is an attempt for the respective coin to be actually used as a currency, i.e a medium of payment for goods and services.
2. Platform Token
These types of crypto tokens allow the creation of decentralized applications on their platform and thus are called as platform tokens. Ethereum and EOS are two basic examples of this type. Ethereum though is both a minable currency token as well as a platform token. However, the main aim of the Ethereum Foundation is to not use Ethereum as a currency like bitcoin is aiming but to become a platform for decentralized applications and organizations. EOS are looking to achieve similarly along with other projects also.
3. Utility Token
A utility token is not meant to be used directly as a medium of exchange for goods and services, although it can be done so. The aim of a utility token as its name suggests is to provide some sort of digital utility which can be utilized to improve a digital business model and incentivize people who help build the business. These tokens can serve digital utility in many areas of commerce such as e-commerce, social media, supply chain and many others also. There are many utility tokens which are built using platform tokens especially.
4. Security Token
You can refer to a security token as a tokenized stock which has received the approval of the USA based SEC. Security tokens are not meant to fulfill any of the previously mentioned types of tokens but they act like tokenized stocks which can also provide investors the option of earning incentives like dividends. However, a security token can also serve the purpose of a utility token as there are projects having a utility token and applying for the security token status. On the other hand, there can also be security tokens which do not serve the purpose of utility tokens.
5. Asset Token
An asset token is one that is backed by real world physical assets like gold, diamond or real estate. These types of crypto tokens can also be termed as commodity tokens as they can be backed by a commodity or a basket of commodities. One of the advantages of these types of tokens is the backing of physical assets which ensures stable price appreciation as time passes by. The disadvantage of this type of token is that it might not provide the technological and business advantages many other types of crypto tokens provide. However, I am not particularly sure about this point but a security token might also serve as an asset token. This type of tokenization will help improve real asset trading markets significantly. Governments can also take advantage by issuing their own asset tokens relying on cryptocurrency instead of a debt based fiat scheme.
6. Fiat Token
A fiat token is a crypto token which is pegged to a fiat currency like the USD or INR. This is a big mistake in my opinion especially if governments adopt this approach. All fiat currencies are bound to decrease in value over time and this is precisely why pegging a crypto token to fiat makes no sense at all other than ideas like Tether which only helps the Tether founder and crypto traders to store their money in a relatively stable Tether over a highly fluctuating bitcoin.
7. Reward Token
A reward token is a method of incentivizing people for using some sort of business/service. Cashback rewards can be one example of this token along with another one being the Indian government looking to use these types of tokens to reward people for using some of their services. The value of the reward token will depend on the kind of entity that issues it.
My conclusion is that currency tokens and platform tokens have the highest technological benefits among all of the others followed by utility tokens. However, it is highly debatable which one can have the best business benefits.
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I don't think there is any altcoins as of now that has the capacity of displacing Bitcoin as the number one crypto in value and market cap
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Confirming Twitter Application #472
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Confirming Facebook Application #460
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I disagree with this, holdling is a good concept but just know what to holdl and when to holdl
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