Bitcoin Forum
April 27, 2018, 12:14:58 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 72 »
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: April 26, 2018, 05:35:25 PM
Microsoft Azure just adopted NEM's private chain Mijin!

https://bitcointalk.org/index.php?topic=3402839.0

Good news.  But this will just help Mijin make money, as they're offering a 30 day free trial, then charging $0.65 per hour.  How will it benefit the NEM public chain?
The benefits are indirect, similar to Ethereum Enterprise Alliance. It is also good publicity, and developers learning your ecosystem.

And it will be easier for enterprises to use the Mijin private chain to host the necessary nodes to run the network. That is really great because every project on mijin indirectly helps the ecosystem in some part
Even though the code base is shared, the nodes are not shared. The private network that Mijin facilitates runs its own nodes, which transact based on their needs. They do not host or relay public NEM transactions and are therefore not NEM nodes.
2  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] ICONOMI - Digital Assets Management Platform on: April 26, 2018, 05:14:39 PM
i think they should stay impartial in public announcements and on the other side push more aggressively for a solution. They can still take matters in their own hands and fork, together with Polka and rest of the "parity" gang. They are not empty handed in this negotiation.

Anyway we burned more than half a mil tokens and that's nice to see. I find the report good, nice that they are on top of things with regulators, audits and legal stuff as i expect some new laws regarding crypto very soon.
No body will follow a fork without community consensus. "They" can take matters into their hands and fork into a worthless network but that's not the goal, is it?
3  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] ICONOMI - Digital Assets Management Platform on: April 26, 2018, 04:49:17 PM
Are you seriously suggesting that $75 million+ of funds supposed to be held indirectly by ICN holders doesn't matter to the price of ICN, and 'we' haven't lose anything? Irrespective of whether you think the hard fork is a good or bad idea, surely you can agree that ICN holders collectively lost something.

Edit: at the time of the incident the 600k ETH was worth something like 30 mil and now it's worth 70 mil (rough numbers)
that's 40 mil difference and if you extract 20% (performance fee) you would see that we would have seen 8 milion $ used for burning. Now it's that nothing? again not to mention future proffits

OK, you are right guys, we have lost potential profit on ICN. It is just hard for me to belive that even if Iconomi would get those funds back, the price of ICN would be higher.

I don't understand the silence of the Iconomi team on this issue. You're talking about scores of millions of dollars here, not a trivial amount. For example, they could commit to using those funds to buyback and burn ICNs, which could actually make a difference this time given the large amount of money for the buyback and burn.

I think they (together with Polkadot and Parity team) are still working on solution to get those funds back, even if the hard fork won't happen. It would be amazing to see $70M worth of buybacks, but it is half the current marketcap on ICN, so it's pretty much unreal.

Yes, but it doesn't seem like the EIP999 would pass. The community is opposed to it. You cannot sit and scheme in the back rooms and then provide the "solution" to the community. There's a reason other projects, including Parity, have been out there in the public talking about this and trying to persuade the community. I don't see that from the Iconomi team, which is one of the projects affected by this.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: April 26, 2018, 03:49:32 PM
Microsoft Azure just adopted NEM's private chain Mijin!

https://bitcointalk.org/index.php?topic=3402839.0

Good news.  But this will just help Mijin make money, as they're offering a 30 day free trial, then charging $0.65 per hour.  How will it benefit the NEM public chain?
The benefits are indirect, similar to Ethereum Enterprise Alliance. It is also good publicity, and developers learning your ecosystem.
5  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] ICONOMI - Digital Assets Management Platform on: April 25, 2018, 09:09:47 PM
Are you seriously suggesting that $75 million+ of funds supposed to be held indirectly by ICN holders doesn't matter to the price of ICN, and 'we' haven't lose anything? Irrespective of whether you think the hard fork is a good or bad idea, surely you can agree that ICN holders collectively lost something.

Edit: at the time of the incident the 600k ETH was worth something like 30 mil and now it's worth 70 mil (rough numbers)
that's 40 mil difference and if you extract 20% (performance fee) you would see that we would have seen 8 milion $ used for burning. Now it's that nothing? again not to mention future proffits

OK, you are right guys, we have lost potential profit on ICN. It is just hard for me to belive that even if Iconomi would get those funds back, the price of ICN would be higher.

I don't understand the silence of the Iconomi team on this issue. You're talking about scores of millions of dollars here, not a trivial amount. For example, they could commit to using those funds to buyback and burn ICNs, which could actually make a difference this time given the large amount of money for the buyback and burn.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: April 25, 2018, 09:07:20 PM
Hi there,

My antivirus software is detecting a virus in the stratis wallet from github (2.0.0.3). It calls it a malware : Miner.gen.

Is it normal and safe to ignore ?

thank you
You need to give more information here. What link did you follow to download this? Can you link to an online malware checker so we can see the warning? What antivirus software are you using?
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: April 25, 2018, 09:05:57 PM
It look like the ice age for NEM could be behind us, the price seems to be stabilizing.

NEM should be pumping a lot harder actually.  TRON is way ahead in market cap which is just fucking crazy.  Don't even get me started on the vaporware EOS and Cardano.  Sadly this is going to continue until NEM actually sees real world use - that won't be necessary for the other ones because they are only about pump and everyone knows it.  Sometimes I wonder how NEM managed to completely avoid the most striking facet of crypto while being the best blockchain around.  It is literally invisible and never, ever discussed anywhere.  How the hell did NEM blow their PR THAT bad?  All they need to do is go and shill a bit in /r/cryptocurrency for a while but they can't be bothered.  Mind boggling and very lazy.

Nems performance during this pump has been pathetic. Price and volume was better when coincheck started repaying funds vs now, total market cap was way lower than it is now. Hopefully we will see some positive momentum soon.

I'm very afraid this will be the same story when Catapult releases.  Pure P&D not lasting more than 3 days with no lasting gains.  This is the precedent the totally inept Lon Wong has set.  Unimaginable how they could take something so great and fuck it up so hard.  Glad he is gone at least but still no real signs of life or larger communication.  They need the momentum BEFORE the release so it has follow-through.

What's your specific proposal here? Shilling on forums isn't a PR strategy.

If you search /r/cryptocurrency for "NEM" you will find it is basically never mentioned outside of the Coincheck hack.  Here is a good example from a thread where someone was basically begging for info about NEM not too long ago:  https://www.reddit.com/r/CryptoCurrency/comments/84uovu/nem/

If you read the comments in there it is clear most people that would invest have absolutely no idea what it is about.  I don't know exactly how but NEM seems to be invisible in the English-speaking world (that's where the $$ is).  So shilling in /r/cryptocurrency wouldn't be a bad place to start.  Maybe they need more banner ads, puff pieces on websites which are then promptly linked to in elegant ways in Reddit forums that seem organic.  Get more press at Coindesk.  Yup.  Good ol' fashion PR & shilling.  I think Lon was very condescending and arrogant - thought he was "better than that."  The problem is we are talking about currencies here and while building use cases is all well and good if the coin itself has little value, is basically unknown and/or is not distributed widely enough then this will undermine adoption down the road.  Let's face facts: coins that pump get known, ones that don't remain obscure and no one would buy in even if they had the best tech ever.  The other problem is like it or not this is a competition for finite capital and resources which could later be leveraged in expansion.  So TRON will get one hell of a war chest and could hire a team of programmers to implement whatever they can dream up and have the budget to market and sell it while NEM will be very limited in what they can make happen (TRON is a bad example but apply the same logic to EOS and Cardano and you get the point).  I don't see VC firms talking about throwing $100 million at NEM, but they are at EOS.

Basically, NEM being essentially unheard of and unconsidered in the West is killing them and all the other platforms with even half-assed solutions will get adopted and NEM won't for this very reason.   
That's fair criticism actually. However, as a long-term strategy, shilling on forums really isn't good for the ecosystem or the coin or the community. That's for quick pump and dump coins. NEM has been around the block for a long time, and the long game is more interesting than abrupt price jumps due to these 'tactics'. However, there is a case to be made for being more in the crypto public consciousness in general via announcements and press releases, and perhaps also engaging with journalists like from Coindesk and give them interesting info to write about.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: April 25, 2018, 04:16:57 PM
Moving the ICO date on gluon is a great strategy on the part of the developers . Since the market was just in a bear season when the initial date was announced. Now that market is recovering, it is the most appropriate time to launch.

I hope it was a seasonal issue and now we will go up a lot. Thinking about another huge wave makes me feel excited. The last one was just like drugs Cheesy
Just a friendly advice - I know it can be addicting, but don't hold your breath. Crypto doesn't move like that. It may easily be a couple of years before you see a spike up again like the last time, if at all. Go through the coins during the last pump - very few survived and saw another spike in price during the next bull market. In order to give returns, it must first survive. Stratis is a good project if they are able to deliver on their original roadmap. Nothing is a given in crypto.

You are right with every single word you said, but I think there will be another huge run if you consider how many people in the world are involved with crypto yet. It is not a lot overall. I don't think it will take a couple years as there is too much attention already being drawn to crypto.
You cannot take that in absolute terms though. The question is, was the previous run-up way above what should be expected based on the number of users, or was it commensurate? In other words, even with a growth in users, we may be a long way away to reach that 'equilibrium' since crypto overshot the last time. It is not possible to determine the amount of this overshot, but something to keep in mind.
9  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] ICONOMI - Digital Assets Management Platform on: April 24, 2018, 09:50:45 PM
@Gutenhans

Well, investors holding tokens haven't lost anything, we still own our ICN worth same as yesterday (still under ICO price...). I don't know if or how will it affect DDAs on ICONOMI platform, probably it won't.

Whose life is going to be ruined by this? Those funds are frozen for so long now that most people already forgot about it. Parity is still doing well, Iconomi is developing great and Polkadot probably too (I'm not following them). All those projects have hundred of millions more in funds. You say $1000 is not much, so how about $10 000? Or $100 000? Where is the line?

All I'm saying is we can't alter the blockchain every time someone screw up. It would be like banks bail-out after 2008 recession. Crypto is suppose to be different, right?
Are you seriously suggesting that $75 million+ of funds supposed to be held indirectly by ICN holders doesn't matter to the price of ICN, and 'we' haven't lose anything? Irrespective of whether you think the hard fork is a good or bad idea, surely you can agree that ICN holders collectively lost something.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: April 24, 2018, 09:37:31 PM
It look like the ice age for NEM could be behind us, the price seems to be stabilizing.

NEM should be pumping a lot harder actually.  TRON is way ahead in market cap which is just fucking crazy.  Don't even get me started on the vaporware EOS and Cardano.  Sadly this is going to continue until NEM actually sees real world use - that won't be necessary for the other ones because they are only about pump and everyone knows it.  Sometimes I wonder how NEM managed to completely avoid the most striking facet of crypto while being the best blockchain around.  It is literally invisible and never, ever discussed anywhere.  How the hell did NEM blow their PR THAT bad?  All they need to do is go and shill a bit in /r/cryptocurrency for a while but they can't be bothered.  Mind boggling and very lazy.

Nems performance during this pump has been pathetic. Price and volume was better when coincheck started repaying funds vs now, total market cap was way lower than it is now. Hopefully we will see some positive momentum soon.

I'm very afraid this will be the same story when Catapult releases.  Pure P&D not lasting more than 3 days with no lasting gains.  This is the precedent the totally inept Lon Wong has set.  Unimaginable how they could take something so great and fuck it up so hard.  Glad he is gone at least but still no real signs of life or larger communication.  They need the momentum BEFORE the release so it has follow-through.

What's your specific proposal here? Shilling on forums isn't a PR strategy.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: April 24, 2018, 01:52:49 AM
most people just look at the blockchain technology's scability to determine its potential, always remember NEM's purpose is to provide Enterprise Blockchain solutions for all industries
NEM is not a private blockchain, and therefore its purpose is NOT to provide enterprise blockchain solutions. Perhaps you're confusing NEM with something else (like Mijin or hyperledger or corda).
12  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] ICONOMI - Digital Assets Management Platform on: April 23, 2018, 08:46:01 PM
What's ICONOMI's stance on EIP999, given they are one of the largest projects affected? Is there somewhere I can read about the team's thoughts on this matter?
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin or ETH for long term on: April 23, 2018, 05:38:00 PM
Hey all.

I am confused about these two (BTC and ETH), which one is best to invest/hold for long term ?? How much time I should hold from these two?? Price is going up now a days, what is the best time to buy ? I should wait for buy right now ?
The first thing to do is not make your long-term investing decisions based in the price action for the last few days or weeks.

The second thing to do is thoroughly research the pros and cons of both Bitcoin and Ethereum.

Third, make up your mind on what you find promising for the long-term and where you see the most potential. Also remember that it is perfectly ok to have a mix of both, i.e. your portfolio can contain x% BTC, y% ETH and (100-x-y)% others. These values need to be determined by you, not someone on the forum.

Do your homework!!
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: April 23, 2018, 05:30:56 PM
ICYMI: Crypto Finder interview with http://NEM.io  Foundation former President and now Advisor, Lon Wong, about different possibilities and use cases NEM can bring

View more: https://www.youtube.com/watch?v=fwcKnNUwURY
That's a good interview about NEM. Sums it all up in short. I think that about sums it up. And I like it, it brings back memories.Thanks for sharing.

YEA this does bring back memories
I always look at the use case
and NEM is still strong
NEM has a bright future overall in blockchain market
One of the real ones that will exist for a long time
While many other coins will come and go
Yep, the use case is here. We just need a couple of high profile 'flagship' projects to be built on NEM. That will allow the rest of the market to follow their lead. As Lon Wong is saying in the video, you can issue securities for example on NEM but we haven't seen any production utility like this built.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: April 23, 2018, 04:54:09 PM
That's pretty good coverage of the event, and of Stratis. It might help to clarify that Stratis allows you to write smart contracts in C# as well instead of Solidity, which is a new language to learn.
16  Economy / Economics / Re: Panic selling can contribute to bitcoin price going down? on: April 23, 2018, 04:51:32 PM
It is the panic selling that always bring the price of an assets down. Many traders are losing money because they always sell their coins out of panic. That is why when ever you sell your coins you are contributing to the fall in pricing. If you want the price to keep on growing then limit your rate of selling.
The free market doesn't work on the goodwill of people or people looking out for the "common good". It is ok if the price falls. Stronger hands will prevail and buy up the cheap coins. The process repeats. Bitcoin is volatile, but each volatility cycle makes it stronger. To intervene isn't the right philosophy.
17  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] ICONOMI - Digital Assets Management Platform on: April 23, 2018, 03:57:31 AM
You don't seem to understand the very basics of finance, so seems pointless to try and educate you. Perhaps you should do some reading and get back if you want to have a civil discussion. It is clear that you're just looking for a pump for ICN with your comments on 100x the price, without any baseline or fair value considerations. At this stage, it is pointless to continue this discussion with you.

By comparing ICN to ETH you are comparing apples and oranges... ETH launched in 2015 and is far more down the roadmap line then ICN. Give ICN another year and then we can talk again.

As for $0.01 being a win for you, that is your decision. I invest into projects with an at least x100 ROI expectation. I already gained that much on a few other projects and ICN will soon be among them. Do you think that ETH will do x100? I don't think so.

But it seems that our investment styles differ by a lot so you do yours and I will do mine, but talking BS about how many promises they broken while breaking one is just BS. And if you are unhappy with ICN why not sell it and move to ETH? You will be better of there for sure Smiley

So they just launched their first regulated fund with the second one close behind it. In the next 10 days they will announce the biggest burning of tokens in the history of ICN with the combined burned tokens amount probably exceeding 1% of the total supply.

They are on the verge of accepting fiat payments and scaling things to the next level. They are implementing ICN fees for DAA creation in a month, ICN fees for DAA rebalancing (both of these fees meaning more burnt tokens in the future).

And you would kill the company now when the work of the past year and a half is comming to fruition? If that isn't shortsighted then I don't know what is Smiley

And I haven't even mentioned the huge unrealized profits from their ICO investments... Even in this crappy market when prices are down I would bet that the 20% of profits would result in $10M+ in profits for buybacks with that number growing heavily in the next bull run.

So why would any reasonable investor cash out now and earn maybe another 50% profit when a few months from now you will probably have 500%+ profit?

Is it possible? No idea, but I would vote against that because they are actually progressing nicely although at a slower pace that I had hoped for.

As for the price being what it is, that is market determined. It will grow as they start marketing more heavily and give ICN more utility or if it stays low, they will just burn more ICN tokens which will ensure a bigger growth down the line.

They haven't changed anything but dividends to buybacks.

The 24 month moratorium hasn't passed yet so there was no vote yet...

They stated in a previous AMA that ICN token holders would be entitled to the money from all the Iconomi owned assets if it would come to a stop.

EDIT: Am I unhappy with their speed of development and ICN utility? For sure, but I still think that they are building up the foundations to make ICN holders very rich in the future and I am willing to wait.


If this is true, I'd like to propose a token holder vote to dissolve the company, and return all the assets that the company holds to the ICN tokenholders, before the team goes about enriching themselves from the company coffers. Do you think this would be possible? There's a reason ICN is trading below the liquidation value of assets held by this company.

Sure, the price is market determined, but it they are trading under book value, and the ICN holders own the company and its assets according to their fundraising documents, then it's an easy win for the ICN tokenholders. You're getting a dollar for 30 cents, why would you say no? If you think the team can deliver still, then they are free to do another ICO with modified terms, and perhaps keep their promises the next time to that set of investors.

Maybe it is time for some elementary finance lessons. Can you find me one company in the S&P500 that trades below liquidation value? I'll wait.

There's a reason why this doesn't happen. The future promise for returns means nothing. There are equivalent opportunities in any market. If you put in $1 and can get even $1.01 out immediately, that's a win because the opportunity cost of the $1 is the rest of the market.

In this case, for example, ETH would be a natural alternative. Now tell me again how much ICN has historically outperformed ETH, and how it will continue to do so?

In the end, my example to liquidate was hypothetical - obviously, there is no ICN voting mechanism. They just made a bunch of promises in the whitepaper to raise as much money as possible, and then never followed through on most promises. What makes you think the near future would be any different?

If the company literally created a trust with all the ICO money and did absolutely nothing, you'd probably see the price of ICN to be 900% more than it is today. What does that tell you?
18  Bitcoin / Legal / Re: Institutional Demand for Bitcoin and Crypto Resurges on: April 23, 2018, 03:54:12 AM
I am opposed to the fact that a large number of coins are concentrated in one place. This lays a mine of delayed action under the entire market. We have seen for 4 months of this year how it works. Whales can easily reduce and increase the price. I'm not against volatility but the big players can increase the price decline period and it will be bad for everyone. I would like more if 200k bitcoins bought 200k people.
That's just the nature of these markets though. Wealth will never be distributed in such an equitable manner. It is also not right to think that anyone with a lot of Bitcoin would be out there trying to manipulate the markets (think the Winklevoss twins for example).
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: April 23, 2018, 03:50:54 AM
IMHO, there are no other crypto projects out there with a comprehensive set of features to use, when in use, introducing the true economic value to the token strart.
Why would someone buy a token to earn more money than pay it?

Yes but a lot of the other blockchain platform tokens, Cardano, WANChain, NEO, Zilliqa, EOS etc are currently doing a better job at telling their story and getting the wider public visibility than Stratis at the moment, even though I believe stratis has a better product and framework the visibility is not as good as some of the above mentioned.

One can have a better product but if it is not out there and adopted and used it doent mean much. A case in point is VHS vs Betamax. I believe that when Stratis do land its products it will be superior. I just hope that it is in time before another product is first to market and adopted. A lot of people are eagerly awaiting Stratis product launches.

Absolutely agree with you hence why they also need to do a better job at making the stratis platform more visible to the crypto community

Well, they did have the two conferences back to back in Delhi and London. Lets hope that it reached the targeted audiences as planned. From the recordings and feedback it seems that things went well.
There's probably very little overlap between the crypto community and these conferences. if the goal is to reach the crypto community, I can't help but think that there are far better ways to do so.
20  Bitcoin / Legal / Re: Institutional Demand for Bitcoin and Crypto Resurges on: April 22, 2018, 01:22:19 AM
I'm not sure there's really a surge in demand from institutional investors. We're hearing about them all now, for sure, but read deeper and you realise that they already entered the market a while ago - last year most likely, through their hedge fund managers and associated funds. They're probably the ones who largely made Bitcoin the crazy "investment asset" that it was end of last year. They probably also shorted it all to lock in profits, causing the recent slump. And they're probably making public their "new" investments to time their dip buys nicely for more profit.

Think about it. These are guys who pay other guys to tell them what's on the horizon. They'd have heard of Bitcoin long before its 4k mark, and they're not the kind to buy now when everyone else has had their fill.
It's not as straightforward though. What you describe may be true for family offices, for example, but isn't true for institutional investors like say pension funds. They have very strict mandates on what they are allowed to invest in, and opening up a new asset class with questionable custody solutions is definitely not an easy sell.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 72 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!