How much would somebody need to hold to be called a whale. As the price is just above $1.15 I am thinking of buying.
If you're in the top 100
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The whole market again flies to hell, including Bitcore. I'm afraid that this time we are 1 dollar. These manipulations of the market greatly affect the altcoins. There was a small pump of the BTC and everyone was happy to sell everything for him, but now there's nothing to buy back.
The market is collapsing these days with prices dropping so fast. It is very strange that coins cannot hold their price. The altcoins are falling so much because people are jumping about between the BTC and altcoins. They hoping for a huge Bitcoin pump and a huge profit. Altcoins will grow in the last place, after the owners of bitcoin get mega profit. Buckle up the next bull run is coming :-$)
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Yeah well... ~20 people who voted 100+ times are apparently not allowed to win because it's considered cheating. Outrageous. I hope it's a big surprise to anyone!
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The latest from Pete Mercury. In response to The BTX team Twitter statement on the issue. https://twitter.com/Bitcore_BTX/status/1000066406711472128I support this. I think I misspoke a bit when I called $BTX a "scam" earlier. They aren't a "scam" in the Bitconnect sense. I don't believe that the devs are stealing from everyone, but here's my issue. 1. I ran into them by studying Bitcoin forks and writing an article for another publication (howtotoken). I thought the project was actually a good idea and reached out. 2. Community seemed good, things checked out, so I started spreading the word. It's a bitcoin fork. No ICO necessary, they clearly had code out there, the coin distribution among wallets was fair - looks cool. 3. A month or so later, I was commissioned to write a whitepaper for them. I did that. We spent about a month+ working on that WP, doing edits, combing through it and doing everything that was needed. 4. The team had promised to release that WP to the general public on a certain date. For some reason they chose not to. I was a bit baffled by it because we had all come to the decision that the WP was good to go and should be released. 5. This resulted in a LOT of complaints from the community + the price plummeting on the protocol. A lot of folks were angry (understandably). 6. I felt bad, because I knew that the WP was finished and that there was no reason why it should be held back. I also saw that the team was trying to put their name on it to take credit for the WP too. So, I released it to a) preserve my authorship and integrity b) be fair to the investors in the project. The team had been consulted and we all came to a consensus on what the final version of that WP should be. This wasn't something that I did without consultation and we actually had a date set to release and for some reason, that was delayed. 7. After it was released, the team went out and lied to investors by telling them that the paper was inaccurate and that none of the information on there was correct. This was a lie and the affect on the price was immediately noticeable (I had already sold out what I was paid in $BTX at this point in time - so, this wasn't to "pump" the price. I also sold at a loss. Plus, I'm the creator of the WP and there's no way to release it w/o a "pump".) 8. Even after they did that, I spent 2 hours with them going over each and every single paragraph of this 60+ page WP and made each and every single edit that the team suggested. Even then, they refused to continue to promote and push the project. 9. I found out more information about how this is something the team does often - they talk about a big update, and never push it. The coin used to trade for $40. Now it trades for sub-$4. There's no excuse for this. 10. When I started really investigating, I was told that the strategy was to aggregate a bunch of "good news" after the price was drilled down enough and then release it in succession to "pump" the price. I felt that was unethical, moronic and extremely unfair to investors. So, I reported that I felt that it was a "scam". I told them do not use my WP or include my name with this project because they weren't moving with honesty, in my opinion. So no, this was not something that I should've "seen coming", because it has nothing to do with the structure of the coin, a pre-mine, an exploit, or anything like that. What they're doing is a bit more nuanced and something I could have only known after actually confronting the situation. And I put myself up there as "project lead" because I wrote the whole whitepaper and was tasked with the responsibility of promoting it and reaching out to partners and doing recruitment/coordinating as well. If that's not being a "project lead", then I don't know what is. So, that should clarify any and all ambiguity on the issue. Thank you. If you feel that I moved in an unethical way, we'll just have to agree to disagree. It's a decentralized coin - and a fork at that. The lead developer is brilliant, but once again, I'm here for the investors not the developers. This is a mentality that has gotten me in "trouble" time and time again, but I'm not protecting a bunch of millionaires getting rich off of disinformation and underhanded bs. If I see something shady, I'm going to raise the red flag and call it out and tell investors "Get out if you care about your money." The team was offering me $5,000/month to promote for them and I walked away from that for the sake of getting this out there. Bravado was on the phone w me offering me inside information I could have used to make 1,000% off of my investments and then shill to you all and look like a "genius" when the price pumped. A lot of projects PM/Email/DM me offering a LOT of money to shill their project to all of you and I investigate them and know it's a scam and I tell them no. I don't have a crystal ball, so yes, I walk into some things thinking it's legitimate on its face, but the second I get wind that it's not - I'm out and I'm telling everyone it's bullshit too. I want to make money in this space because of the VALUE I provide, not because I'm a scam artist/finessing everyone. Fin. Painting a pretty picture in his telegram channel, in favor of himself. as I said. a sad depressed wanker. Hey Bombardier, what's your persona name in Telegram? I don't think I've ever seen someone with "Bombardier" as the name in there.
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Well Done! I like the improved design.
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Thank you QB Horse for compilation! Was very useful and interesting to read.
Current situation looks strange. Airdrop finished, no more inflation but price slide down slowly (in time when BTX and ETH grows). I change my bet from BTC 0.006 (which was set to catch some last coins after airdrop). Just because I do not understand this price move. Maybe someone have good ideas why week after airdrop price goes down linear?
You got to have a "mid-term" vision with Bitcore. The team is getting ready to Rock'n Roll and pretty soon they'll jump on the stage to show the world what BTX is capable of. In my crystal ball, I see 10X rally in price once the BTXM word start to get out to the world. The team promise us a strong marketing plan, which should come to reality once this machine is ready to roll out. Price tank at the moment just because close to nobody in this world knows what's working behind the the BTX curtain! 10x is a little much considering even once it is announced it will need to grow organically which means initial impact will be small. I think that announcement will simply signal a stereotypical pump followed by a dump. Good chance some of it will be retained though. We'll see a pump for sure, but don't forget we will also see this secret marketing plan that we've been waiting for so long...
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Thank you QB Horse for compilation! Was very useful and interesting to read.
Current situation looks strange. Airdrop finished, no more inflation but price slide down slowly (in time when BTX and ETH grows). I change my bet from BTC 0.006 (which was set to catch some last coins after airdrop). Just because I do not understand this price move. Maybe someone have good ideas why week after airdrop price goes down linear?
You got to have a "mid-term" vision with Bitcore. The team is getting ready to Rock'n Roll and pretty soon they'll jump on the stage to show the world what BTX is capable of. In my crystal ball, I see 10X rally in price once the BTXM word start to get out to the world. The team promise us a strong marketing plan, which should come to reality once this machine is ready to roll out. Price tank at the moment just because close to nobody in this world knows what's working behind the the BTX curtain!
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I decided to compile a short summary of what has already been communicated by the team. I might be missing a few things, but I'd say the most important stuff should be there. Haven't read the latest April updates from the team?Click here: https://bitcointalk.org/index.php?topic=1883902.msg34462967#msg34462967Below are the updates we got from the team in May:May 1st -- New updates and quotes No big surprise, yesterday was the last airdrop @ 9.288277% https://bitcointalk.org/index.php?topic=1883902.msg35944821#msg35944821 Bitcore beyond the final airdrop. The future of electronic payments https://bitcore.cc/2121-2/ Missed the airdrop? Had BTC on November 2, 2017? Then you can claim your free BTX at rate of 1.0BTC : 0.5BTX https://bitcore.cc/are-you-a-bitcoin-holder-claim-your-free-btx-now/ What's next? Everything mentioned above is still valid. Make sure you review these points carefully and also the roadmap ...then buy lots of BTX ASAP before the price moon Most recent quotes from the team The whitepaper is coming: " I expect us to have the whitepaper out in the next week or so." The team is getting things organized with regards to the Bitcore development fund: " I also had a meeting today with the lawyer that will help us with setting up the foundation. More actual news about the status of this will be released in the next 2 weeks." Buckle up! The fiat gateway is knocking at the door: " The fiat gateway is nearly completed and we are well on our way to having the first one in the wild. I expect that to be in within a month." Quick BTMX update: " The BTXM's are also in full development. I'm working on documentation that explains the principals and working of them. This takes some time because actual work on the projects eats a lot my time. Also we have several meetings that need to be attended. And we will be working on example use cases on service integrations for them over the coming time, this will be an ongoing effort and will take lots of community effort and ideas. " Post airdrop BTC coin distribution vs. BTC (chart) -- see below Cheers - QBH May 3rd -- New updates and quotes from the teamFiat gateway legal requirements progress: "So far I had a conversation with several lawyers from two parties. Scheduled a meeting with an accounting firm and the fiat gateway operator for next week. We will be discussing the rapports and data they need for handling the transactions that go through the gateway. Normally this is very trivial task, but now we're not only dealing with conventional banking... crypto tends to complicate things rather then making things easier... Because of the huge amount of expected tx that will take place in both the coin and banking side we will be also discussing the option to hook in to their systems directly. This dramatically reduces manual labor and overhead costs on both sides."Security & API:"The security of the API's is nearly done and so is the basics for reporting to both the fiat gateway operator as a very basic version for parties (business owners) that will be using the gateway. Lots of improvements will be made here and it's also dependent on what the local authorities require. This will be further developed as soon as we receive feedback."New BTXM version and initial production run:"We also expect to view a new version of the BTXM in the next week and a half. With any luck that will be the final version and we place an order for the first batch. Software is still way out from being production ready. But we can at least play around and test with them as well as demo them."May 7-9 -- New updates and quotes from the team New Bitcore core 0.15.0.3 https://bitcore.cc/new-bitcore-core-0-15-0-3/Some Features: 10X automatic fee reduction, full link list, increased incoming transaction size by factor two, etc. First successful ATOMIC SWAP https://bitcointalk.org/index.php?topic=1883902.msg36730691#msg36730691Bitcore foundation compliance progress"Yesterday I had a meeting with the 2 lawyers that are working on the foundation; we are still on track! So soon we have a fully compliant legal entity that will help us govern and advance bitcore in our quest for adoption."Fiat gateway progress"Today I had a meeting at the accounting firm that will handle the all the accountancy for the fiat gateway; it was a seriously long meeting and they asked how many transactions were possible. They were instantly shocked when I said the network could handle around 48mln tx per day 😂 I reassured them that wouldn't have to handle more then just a very, very small % of that 😉 They kept sidetracking to bitcore and what it does and how it works etc, so I decided it was best to do a presentation on the spot with a q&a so we could get back to business. The result was that they all want to buy bitcore now and that I will be doing an introduction to crypto course for the entire firm 😂 at the end we got done what we needed so it was all good. Tomorrow I meet with the fiat gateway devs again."
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Haven't read the latest April updates from the team?Click here: https://bitcointalk.org/index.php?topic=1883902.msg36072865#msg36072865May 1st -- New updates and quotes No big surprise, yesterday was the last airdrop @ 9.288277% https://bitcointalk.org/index.php?topic=1883902.msg35944821#msg35944821 Bitcore beyond the final airdrop. The future of electronic payments https://bitcore.cc/2121-2/ Missed the airdrop? Had BTC on November 2, 2017? Then you can claim your free BTX at rate of 1.0BTC : 0.5BTX https://bitcore.cc/are-you-a-bitcoin-holder-claim-your-free-btx-now/ What's next? Everything mentioned above is still valid. Make sure you review these points carefully and also the roadmap ...then buy lots of BTX ASAP before the price moon Most recent quotes from the team The whitepaper is coming: " I expect us to have the whitepaper out in the next week or so." The team is getting things organized with regards to the Bitcore development fund: " I also had a meeting today with the lawyer that will help us with setting up the foundation. More actual news about the status of this will be released in the next 2 weeks." Buckle up! The fiat gateway is knocking at the door: " The fiat gateway is nearly completed and we are well on our way to having the first one in the wild. I expect that to be in within a month." Quick BTMX update: " The BTXM's are also in full development. I'm working on documentation that explains the principals and working of them. This takes some time because actual work on the projects eats a lot my time. Also we have several meetings that need to be attended. And we will be working on example use cases on service integrations for them over the coming time, this will be an ongoing effort and will take lots of community effort and ideas. " Post airdrop BTC coin distribution vs. BTC (chart) -- see below Cheers - QBH May 3rd -- New updates and quotes from the teamFiat gateway legal requirements progress: "So far I had a conversation with several lawyers from two parties. Scheduled a meeting with an accounting firm and the fiat gateway operator for next week. We will be discussing the rapports and data they need for handling the transactions that go through the gateway. Normally this is very trivial task, but now we're not only dealing with conventional banking... crypto tends to complicate things rather then making things easier... Because of the huge amount of expected tx that will take place in both the coin and banking side we will be also discussing the option to hook in to their systems directly. This dramatically reduces manual labor and overhead costs on both sides."Security & API:"The security of the API's is nearly done and so is the basics for reporting to both the fiat gateway operator as a very basic version for parties (business owners) that will be using the gateway. Lots of improvements will be made here and it's also dependent on what the local authorities require. This will be further developed as soon as we receive feedback."New BTXM version and initial production run:"We also expect to view a new version of the BTXM in the next week and a half. With any luck that will be the final version and we place an order for the first batch. Software is still way out from being production ready. But we can at least play around and test with them as well as demo them."
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This is worth $105,000. Everybody email Mcafee at weekonecoin@gmail.com.
It takes 1 minute so get off your asses and DO IT!!! I'm not a fan of McAfee, but heck... that's free publicity! I sent my vote from all my email addresses Who's emailing McAfee here? I don't like this guy, but heck.. that's a lot of free publicity if he end up picking BTX!
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This is worth $105,000. Everybody email Mcafee at weekonecoin@gmail.com.
It takes 1 minute so get off your asses and DO IT!!! I'm not a fan of McAfee, but heck... that's free publicity! I sent my vote from all my email addresses
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What's next with development with the $BTX after airdrops? The final one is supposedly April 30th right?
Yep. The last airdrop should be on April 30th and the percentage (%) of the drop is to be finalized. Minimum 8%, but more than likely 8.5%-9% depending on how many coins are left in address #1. Many people ask questions on what to expect after April 30th. I decided to compile a short summary of what has already been communicated by the team. I might be missing a few things, but I'd say the most important stuff should be there. In May, the new development phase begins -- Here are just a few tasks from the many the team is working on:Note: all these updates were communicated by the team over the past few days/weeks Whitepaper Hardware wallet (Ledger nano completed task from Bitcore. Ledger has to implement it but must fix their internal issues before. Trezor to come after Ledger in Q3 (estimate)) New exchanges (Many new listings recently on smaller exchanges. More to come as they get confirmed. The team can't speculate nor pre-announce the future listings) PR (Announcements and articles to come post airdrop) Some great read by Peter Mercury https://btcmanager.com/cryptocurrency-community-ignoring-bitcore/https://medium.com/cryptomedication/bitcore-still-remains-one-of-the-biggest-steals-in-the-cryptoverse-72540d8ed73e Active marketing (Details to come post airdrop) Buy/Sell BTX directly on bitcore.cc (Details to come post airdrop) BTXM / Payment gateway (Official announcement to come post airdrop. The goal will be to target real businesses and real people that may or may not be into crypto. See also some of the comments below from the team with regards to the BTXM) https://twitter.com/Bitcore_BTX/status/982354529512550400 Expansion of the merchant network (Details to come post airdrop) And much more...BTW the Bitcore Cash fork has nothing to do with the dev team and if legit, looks like the fork would happen on June 16th at 1:1 ratio. The only spec info that was communicated was a 133MB blocksize. (This could be a scam, so be careful with your private key). I guess we just want to wait and see at this point. The BTXM is certainly one of the main Bitcore projects that could become a game changer not only for Bitcore but the crypto space IMO. Below are some of the comments from the team I can share...So the shift in focus is now being made to education, vision, infrastructure and utility. We are done with the dry technological superiority of btx speeches, of course if we get questions all will be answeredSo the fiat gateway and btxm concept will be repeated many times till we finally get through to the masses in the community. We are at the verge of getting started now and the race for adoption is on. If we manage to get a 1000 machines in the field in yr1 we are well on our way. Production is being prepared for that and we have the option to expand on that if neededBtxm = crypto enables fiat service gatewayThe version we presented on coinfest was the first prototype we had to get dev going, the next version is the first production-ready model, it's being produced as we speak, it comes with options for the bill acceptor, there's a 600 and a 1200 stacker version, but the rotator holds 80 bills of any value. It's configurable. So you can tell it that if it receives a 500 bill for example to not store it in the rotator, but directly stack it for example. It even generates paper walletsIt's a tool to expose the general public to the benefit of being able to use crypto in a user-friendly manner. If you already have coin you can use them directly on these machinesThey are designed to be very flexible with regards to kyc and aml. So it will be hard to ban themSteve: I saw that machine now for two days in the hotel room and for me its one of the most exciting projects Ive ever seenEven though we have the btxm's in the works, we are also hard at work to integrate existing atms, Jon has done awesome work with general bytes and there are more to follow. It's vital for our mission that we represent on all hardware platforms availableThese quotes about the BTXM are from April 8th...Wel the btxm isn't an ATM at all actually, it is a fiat machine that takes and gives fiat for 1,2nd and 3rd partiesThat's all it doesSo any fiat service can be integrated to it. Think mobile top up cards, or AppStore cardsThe reason it also functions as an ATM is because of the fiat gateway service on itSo if you want to buy a top up card for your mobile for example you can pay with cashBecause of the bitcore fiat gateway service that is integrated you can also pay with btxAs it will automatically convert your coin to fiat for the top up serviceFor you it has 0 impactFrom the machine operators perspective he makes 2 commissions. Let me explain that a little bit from a busyness perspectiveIf you buy a top up card for 10 the seller makes gets anywhere between 2-10% of that 10. It has 0 impact on the buyer. Because your voucher gives you 10 of top upIf they use btx for example the seller will get a small % in commissions from the fiat gatewaySo they only get commissions from the fiat gateway they aren't able to set a percentage of margin on the coins they sell or buy, it bound by contract with the fiat gatewayThat way we are able to keep the fees very low and you won't be punished by using coins to pay for your services like with a normal ATM where the operator takes 5-20% on the sale and the exchange takes an other 5% for exampleAn other thing that greatly reduces loss in what you get for your coin is that it's decoupled from btcSo you don't lose on the insane btc fees and pay a few times for conversion from cash->btc->btxAnd the other way aroundAnd don't forget that network fees on btx are very cheap on btxThe rates you'll get from the fiat gateway might not be the cheapest on the market, this is be cause we need real banks, real people and compliance for it to work. But in reality it will be the cheapest way to buy and sell coins, because there is no btc and exchange fees involvedJust to make it clear: I want to buy btx, I deposit fiat to an exchange (might involve bank fees), I buy btc-> exchange charge me fees on the buy, I need to send those coins to an other exchange-> the exchange might charge me for withdrawal and I have to pay btc network fee, I buy btx the exchange takes a fee on my buy order, then again they might charge me on withdrawal, then I finally have the coinsSee how that route is expensive and not user friendly?With the fiat gateway the fees involved are only a commission for the vendor as with any other service and it will be just enough to incentivize themThe btx is a device that takes cash for the fiat gateway among other services that take cashThe target audience for the btxm is not the crypto community but average joe stores and 'normal' people. We just expose them to crypto because the service is on the machine that also has lots of other services on them. This is how we reach huge amounts of people with 0 knowledge about cryptoEDIT: In this "edit" section I'm adding interesting posts from the team that worth sharing with the community.April 11 -- Interesting comments from Ivo on the Bitcore capacity and the importance of putting it into a broader perspective.We still have so much to do with regards to education. There's still so much misconceptions. As an example, on coinfest when me and gm were doing the presentation we got the question that if we can handle 48mln tx, this is still not visa or PayPal capacity. While that is true for now, keep in mind we are still at <1% adoption. That means that if we take their transaction volume and for simplicity take that as a 100% we as btx in it's current form can take crypto to an adoption of 40% if BTX does ALL crypto transactions.In reality this doesn't hold of course but it does give some context to the capabilities of this coin. People can hammer on the specs all they want but in it's current form we are more then capable of taking it to the next few levels. So people asking if we want or are going to implement LN, the short answer is at this time there is no need to be even thinking about that.
If we manage to take a 40% out of services like visa and PayPal the world would be quite a different place and crypto will have evolved and have a decent infrastructure
What I'm saying is that we have what it takes to position our selves as the top coin without running in to issues that plague btc and eth for example
That's what makes it doable for us to go the route with the fiat gateway, BTXM's and lots of other merchant services and it will hold up in real life
Most of the other coins would suffer from their own success if they manage to pull of something similar. And that would be catastrophic for them
Imagine having a vast infrastructure and then not being able to use it because you suffer from congestions like btc
Another good example is crypto kitties. They were just 1 app, just at the point of going 'hype mode. They weren't even a hype yet. And they faded in to nothingness only because the eth network couldn't handle it. It suffered from congestion and insane fees that instantly made the app unusable. And this was just 1 app gearing up for the start. I'm not bashing eth here at all. Just pointing out the limitations from a higher point of view.April 12 -- Fiat Gateway High-Level Overview Chart. https://twitter.com/Bitcore_BTX/status/984339957966954496Above is a high-level overview of the fiat gateway. This is a very high-level overview, but it should help with getting a general idea how this is going to work. All the reddish items have user interaction. As you can see there's a bank and a payment provider involved in this. Since banks don't have any decent way to interact with them, (API) incoming and outgoing payments require human interactions. The payment provider does have automation possibilities. This is where if you purchase coins, the transaction will get approved and go through directly. The KYC/AML will be manual on the initial launch phase but will be automated in the future. we chose to go the manual route because we want to make sure we are compliant from the start. The red endpoints items (BTXM, merchants website, POS, bitcore.cc) require on a couple of things; contracts or arrangements we have with the parties using them, laws and compliance by region, amounts we are talking about, etc. The Gateway API will notify staff when there's interaction needed and the support staff will monitor the bank account and KYC/AML so the API can take care of the rest. The insight API is there as well. This adds an extra layer of security and also can function as a trigger for further actions. The insight API helps us to process incoming transactions through cold wallets, there's no need for us to have private keys on the servers, we can do this with watch addresses on the coin deamon too. So we have the option of redundancy but it can also offload the deamon.
There are many factors involved where I can't go into more detail because we are working with third parties, security and legal stuff. There will be more details on the API itself once we are ready to release the tools for merchants and POS integrations. We aim to make this really usable for all without the need for us to know details like selfies, passports, etc.
A few more points... A commercial product this is a real step forward because it completely decouples from BTC. The rates are weighted, so the API hooks onto all exchanges that BTX is on. We could have gone the easy route and just hook into CMC and get a nice weighted rate, but it's considered bad practice in both business and IT to build a service on top of another service. If something were to happen to CMC that would instantly cripple the functioning of the gateway. So we hook onto every exchange ourselves. So if we choose to start our own CMC we could. We would build our own and all that's needed is a visualization of the data we already have. So, in essence, we already have our own CMC. That data is used in an algo that adds the overhead costs of the support staff, a small profit margin and also takes in to account the buy and sell prices of the buffer. This makes for a system that makes a very competitive rate. On the books, that might not be the cheapest, but in reality, it will be on the low end of the spectrum because there are no exchange fees, and most importantly no 2x BTC fees.
When do we get this? Why does it take so long? It may look easy... Well, the software dev is, in reality, the smallest part of it all. We are dealing with banks that are rigid and require long meetings with expensive lawyers, licences, contracts, compliance issues, third party meetings, risks from a business and legal perspective, etc. In short, there's loads of meetings and legal stuff to take care of. Also to bring blockchain technology a lot of explanation is needed to everyone involved. Then they need to invest and draft contracts for stuff that's out of their comfort zone. A lot of reassuring is needed. Getting this kind of stuff will get easier once adoption increases. So for now, we have to go the long route because there are not many people that went there before us, there are no examples of how this pans out, so for a lot of people, this is considered high-risk. We designed it to be future proof so we are flexible if things change from a legal standpoint and we are forced to do more. The level of KYC done is also dependent on local laws.April 13 -- More quotes related to where Bitcore is going and the visionQBH - There was long discussion related to the importance of having additional layers of security for the BTXM vs. a centralized ATM owned by banks. Since it's a bit technical, even if it's interesting, I'd rather stick to the main nuggets I include in the post. Vision on Bitcore development projects (e.g. BTXM): "It's very important that not only the coin itself is decentralized, but that the services built on top it are equally decentralized." ...QBH - Bitcore is a pioneer in that sense! Who's the main target for BTXM?: "The Btxm is made to bring in newbies."Examples of places that will be targeted to place the BTXM: "Countries like Turkey or many cities, with ppl with no bank account or similar. We will also be mapping out hotspots, it's easy for us to gain adoption there. The main focus is exposure to the general public. So from a strategic point of view, the target market is where the supporting services (not crypto) are a hot item. The btxm is designed for easy handling. You get your first wallets directly from the machine."Interesting comment with regards to fiat currencies acceptance: "The bill acceptors are able to process 99% of all currencies available and are able to check the bills on 48mln points of authenticity. Keep in mind that a lot goes into designing and building these machines. They're designed with expansion and flexibility in mind from the ground up. So we can cater different regions with different specs if needed. The parts that go into the machine are chosen so they can be serviced around the globe. So for example the printer that is used is available everywhere in the world and can be swapped out easily. All components that are used are very high-quality so there require very little maintenance. This is important because it hard to setup a global support network. We have access to multiple factories spread across the globe, we have the connections to do global service in place and they are designed to be serviced globally. " ...QBH - That's awesome! Worldwide is the playing field May 1st -- New updates and quotes No big surprise, yesterday was the last airdrop @ 9.288277% https://bitcointalk.org/index.php?topic=1883902.msg35944821#msg35944821 Bitcore beyond the final airdrop. The future of electronic payments https://bitcore.cc/2121-2/ Missed the airdrop? Had BTC on November 2, 2017? Then you can claim your free BTX at rate of 1.0BTC : 0.5BTX https://bitcore.cc/are-you-a-bitcoin-holder-claim-your-free-btx-now/ What's next? Everything mentioned above is still valid. Make sure you review these points carefully and also the roadmap ...then buy lots of BTX ASAP before the price moon Most recent quotes from the team The whitepaper is coming: " I expect us to have the whitepaper out in the next week or so." The team is getting things organized with regards to the Bitcore development fund: " I also had a meeting today with the lawyer that will help us with setting up the foundation. More actual news about the status of this will be released in the next 2 weeks." Buckle up! The fiat gateway is knocking at the door: " The fiat gateway is nearly completed and we are well on our way to having the first one in the wild. I expect that to be in within a month." Quick BTMX update: " The BTXM's are also in full development. I'm working on documentation that explains the principals and working of them. This takes some time because actual work on the projects eats a lot my time. Also we have several meetings that need to be attended. And we will be working on example use cases on service integrations for them over the coming time, this will be an ongoing effort and will take lots of community effort and ideas. " Post airdrop BTC coin distribution vs. BTC (chart) -- see below Cheers - QBH
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cant post images directly cause im a newbie you can repost it if you want to Nice!
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I will hold my btx as long as possible until the price has reached at least $50 for one btx. This is my goal. You may want to add one or two zeroes. And that is also extremly low value compared to where it should be. 2020 price $50! 2018 price = $5 2019 price = $10
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Who is selling? Dont you want 9% tomorrow?
No they dont, they just want to quick cash, move to another coin, wait for pump, sell, repeat. Basically, the "bitches" in the cryptoworld. What will happen according to you after the last airdrop?
1. everyone will dump 2. price will go high, because the free lunch will be over. 3. first 1. and then 2. 4. due to fast adoption of every new blockchain tech, BTX will keep climbing the coin ladder. 5. It will gradually die as it is just another coin which can send value from point A to point B.
1. Everyone ... some will dump, but not everyone. The good news is these weekly dumps will be over in less than 24hours! 2. Yes. The free lunch is over. Starting this week, demand will exceed supply which will make price go in only one direction. You know which one I'm talking about... don't you? 3. first 1. : Nah.. not really everyone, just a few "panic monkeys" 4. Yes, but not only for this reason. Bitcore is paving the road of its own future as we speak. So market will certainly help, but the phase 2 plan will make the difference. 5. The BTXM infrastructure is key to success. Yes BTX is just one coin among many, but its THE COIN that has a good chance to win the race. ...you the kind of kid that came from nowhere and that ended up winning the race! If you're with Bitcore today it's because you place your bet on that kid. Yup, i bet everything on BTX, my friends think all im crazy SOB ! Well see whos the crazy in a couple of months ! And insisted heavily, i should seel a part before or after the drop, to get me some decent coins, like WAN, ICON, VEN. But what he doesn't know, and absolutely failed and further fails to realize, is that, however these other decent coins may grow, BTX will be over them, like Bitcoin is over all other coins. You know what always makes me laugh ? He still thinks strongly BTX is a Shitcoin ! Hopefully he wont get in Schock, and loose his speech, or end up with some sort off permanent handicap out of pure shock, when he will see what BTX will become ! I will ofcourse laugh all the way to the bank ! Wait, there is no bank ! btx will suffer great devaluation, I jumped off to come back later when it is to raise the price, per hour I am in the zclassic, since it is a currency that will rise a lot of value. I recommend skipping btx before you lose 50% of your earnings Wait! Did I say panic monkeys. Bitcore is not for dabblers!
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What will happen according to you after the last airdrop?
1. everyone will dump 2. price will go high, because the free lunch will be over. 3. first 1. and then 2. 4. due to fast adoption of every new blockchain tech, BTX will keep climbing the coin ladder. 5. It will gradually die as it is just another coin which can send value from point A to point B.
1. Everyone ... some will dump, but not everyone. The good news is these weekly dumps will be over in less than 24hours! 2. Yes. The free lunch is over. Starting this week, demand will exceed supply which will make price go in only one direction. You know which one I'm talking about... don't you? 3. first 1. : Nah.. not really everyone, just a few "panic monkeys" 4. Yes, but not only for this reason. Bitcore is paving the road of its own future as we speak. So market will certainly help, but the phase 2 plan will make the difference. 5. The BTXM infrastructure is key to success. Yes BTX is just one coin among many, but its THE COIN that has a good chance to win the race. ...you the kind of kid that came from nowhere and that ended up winning the race! If you're with Bitcore today it's because you place your bet on that kid.
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Hi my friends:
Better than the price is the roadmap and the ways to buy and most important the way to actually use Bitcore BTX. The price will be reflected by the usability and trust me if the team make the roadmap (I'm sure that they will accomplish) the price will go up, but more important you will not need to use fiat because you can pay with Bitcore this is the goal!! Have a nice last airdrop to all. Peace
Amen! There's so many things in the work, that it can only be to the upside from now on. Just 4 days to go and the real stuff begins. BTW I compiled a list of most recent updates a few weeks ago.... https://bitcointalk.org/index.php?topic=1883902.msg34462967#msg34462967In May, the new development phase begins -- Here are just a few tasks from the many the team is working on:Note: all these updates were communicated by the team over the past few days/weeks Whitepaper Hardware wallet (Ledger nano completed task from Bitcore. Ledger has to implement it but must fix their internal issues before. Trezor to come after Ledger in Q3 (estimate)) New exchanges (Many new listings recently on smaller exchanges. More to come as they get confirmed. The team can't speculate nor pre-announce the future listings) PR (Announcements and articles to come post airdrop) Some great read by Peter Mercury https://btcmanager.com/cryptocurrency-community-ignoring-bitcore/https://medium.com/cryptomedication/bitcore-still-remains-one-of-the-biggest-steals-in-the-cryptoverse-72540d8ed73e Active marketing (Details to come post airdrop) Buy/Sell BTX directly on bitcore.cc (Details to come post airdrop) BTXM / Payment gateway (Official announcement to come post airdrop. The goal will be to target real businesses and real people that may or may not be into crypto. See also some of the comments below from the team with regards to the BTXM) https://twitter.com/Bitcore_BTX/status/982354529512550400 Expansion of the merchant network (Details to come post airdrop) And much more...BTW the Bitcore Cash fork has nothing to do with the dev team and if legit, looks like the fork would happen on June 16th at 1:1 ratio. The only spec info that was communicated was a 133MB blocksize. (This could be a scam, so be careful with your private key). I guess we just want to wait and see at this point. The BTXM is certainly one of the main Bitcore projects that could become a game changer not only for Bitcore but the crypto space IMO. Below are some of the comments from the team I can share...So the shift in focus is now being made to education, vision, infrastructure and utility. We are done with the dry technological superiority of btx speeches, of course if we get questions all will be answeredSo the fiat gateway and btxm concept will be repeated many times till we finally get through to the masses in the community. We are at the verge of getting started now and the race for adoption is on. If we manage to get a 1000 machines in the field in yr1 we are well on our way. Production is being prepared for that and we have the option to expand on that if neededBtxm = crypto enables fiat service gatewayThe version we presented on coinfest was the first prototype we had to get dev going, the next version is the first production-ready model, it's being produced as we speak, it comes with options for the bill acceptor, there's a 600 and a 1200 stacker version, but the rotator holds 80 bills of any value. It's configurable. So you can tell it that if it receives a 500 bill for example to not store it in the rotator, but directly stack it for example. It even generates paper walletsIt's a tool to expose the general public to the benefit of being able to use crypto in a user-friendly manner. If you already have coin you can use them directly on these machinesThey are designed to be very flexible with regards to kyc and aml. So it will be hard to ban themSteve: I saw that machine now for two days in the hotel room and for me its one of the most exciting projects Ive ever seenEven though we have the btxm's in the works, we are also hard at work to integrate existing atms, Jon has done awesome work with general bytes and there are more to follow. It's vital for our mission that we represent on all hardware platforms availableThese quotes about the BTXM are from April 8th...Wel the btxm isn't an ATM at all actually, it is a fiat machine that takes and gives fiat for 1,2nd and 3rd partiesThat's all it doesSo any fiat service can be integrated to it. Think mobile top up cards, or AppStore cardsThe reason it also functions as an ATM is because of the fiat gateway service on itSo if you want to buy a top up card for your mobile for example you can pay with cashBecause of the bitcore fiat gateway service that is integrated you can also pay with btxAs it will automatically convert your coin to fiat for the top up serviceFor you it has 0 impactFrom the machine operators perspective he makes 2 commissions. Let me explain that a little bit from a busyness perspectiveIf you buy a top up card for 10 the seller makes gets anywhere between 2-10% of that 10. It has 0 impact on the buyer. Because your voucher gives you 10 of top upIf they use btx for example the seller will get a small % in commissions from the fiat gatewaySo they only get commissions from the fiat gateway they aren't able to set a percentage of margin on the coins they sell or buy, it bound by contract with the fiat gatewayThat way we are able to keep the fees very low and you won't be punished by using coins to pay for your services like with a normal ATM where the operator takes 5-20% on the sale and the exchange takes an other 5% for exampleAn other thing that greatly reduces loss in what you get for your coin is that it's decoupled from btcSo you don't lose on the insane btc fees and pay a few times for conversion from cash->btc->btxAnd the other way aroundAnd don't forget that network fees on btx are very cheap on btxThe rates you'll get from the fiat gateway might not be the cheapest on the market, this is be cause we need real banks, real people and compliance for it to work. But in reality it will be the cheapest way to buy and sell coins, because there is no btc and exchange fees involvedJust to make it clear: I want to buy btx, I deposit fiat to an exchange (might involve bank fees), I buy btc-> exchange charge me fees on the buy, I need to send those coins to an other exchange-> the exchange might charge me for withdrawal and I have to pay btc network fee, I buy btx the exchange takes a fee on my buy order, then again they might charge me on withdrawal, then I finally have the coinsSee how that route is expensive and not user friendly?With the fiat gateway the fees involved are only a commission for the vendor as with any other service and it will be just enough to incentivize themThe btx is a device that takes cash for the fiat gateway among other services that take cashThe target audience for the btxm is not the crypto community but average joe stores and 'normal' people. We just expose them to crypto because the service is on the machine that also has lots of other services on them. This is how we reach huge amounts of people with 0 knowledge about cryptoEDIT: In this "edit" section I'm adding interesting posts from the team that worth sharing with the community.April 11 -- Interesting comments from Ivo on the Bitcore capacity and the importance of putting it into a broader perspective.We still have so much to do with regards to education. There's still so much misconceptions. As an example, on coinfest when me and gm were doing the presentation we got the question that if we can handle 48mln tx, this is still not visa or PayPal capacity. While that is true for now, keep in mind we are still at <1% adoption. That means that if we take their transaction volume and for simplicity take that as a 100% we as btx in it's current form can take crypto to an adoption of 40% if BTX does ALL crypto transactions.In reality this doesn't hold of course but it does give some context to the capabilities of this coin. People can hammer on the specs all they want but in it's current form we are more then capable of taking it to the next few levels. So people asking if we want or are going to implement LN, the short answer is at this time there is no need to be even thinking about that.
If we manage to take a 40% out of services like visa and PayPal the world would be quite a different place and crypto will have evolved and have a decent infrastructure
What I'm saying is that we have what it takes to position our selves as the top coin without running in to issues that plague btc and eth for example
That's what makes it doable for us to go the route with the fiat gateway, BTXM's and lots of other merchant services and it will hold up in real life
Most of the other coins would suffer from their own success if they manage to pull of something similar. And that would be catastrophic for them
Imagine having a vast infrastructure and then not being able to use it because you suffer from congestions like btc
Another good example is crypto kitties. They were just 1 app, just at the point of going 'hype mode. They weren't even a hype yet. And they faded in to nothingness only because the eth network couldn't handle it. It suffered from congestion and insane fees that instantly made the app unusable. And this was just 1 app gearing up for the start. I'm not bashing eth here at all. Just pointing out the limitations from a higher point of view.April 12 -- Fiat Gateway High-Level Overview Chart. https://twitter.com/Bitcore_BTX/status/984339957966954496Above is a high-level overview of the fiat gateway. This is a very high-level overview, but it should help with getting a general idea how this is going to work. All the reddish items have user interaction. As you can see there's a bank and a payment provider involved in this. Since banks don't have any decent way to interact with them, (API) incoming and outgoing payments require human interactions. The payment provider does have automation possibilities. This is where if you purchase coins, the transaction will get approved and go through directly. The KYC/AML will be manual on the initial launch phase but will be automated in the future. we chose to go the manual route because we want to make sure we are compliant from the start. The red endpoints items (BTXM, merchants website, POS, bitcore.cc) require on a couple of things; contracts or arrangements we have with the parties using them, laws and compliance by region, amounts we are talking about, etc. The Gateway API will notify staff when there's interaction needed and the support staff will monitor the bank account and KYC/AML so the API can take care of the rest. The insight API is there as well. This adds an extra layer of security and also can function as a trigger for further actions. The insight API helps us to process incoming transactions through cold wallets, there's no need for us to have private keys on the servers, we can do this with watch addresses on the coin deamon too. So we have the option of redundancy but it can also offload the deamon.
There are many factors involved where I can't go into more detail because we are working with third parties, security and legal stuff. There will be more details on the API itself once we are ready to release the tools for merchants and POS integrations. We aim to make this really usable for all without the need for us to know details like selfies, passports, etc.
A few more points... A commercial product this is a real step forward because it completely decouples from BTC. The rates are weighted, so the API hooks onto all exchanges that BTX is on. We could have gone the easy route and just hook into CMC and get a nice weighted rate, but it's considered bad practice in both business and IT to build a service on top of another service. If something were to happen to CMC that would instantly cripple the functioning of the gateway. So we hook onto every exchange ourselves. So if we choose to start our own CMC we could. We would build our own and all that's needed is a visualization of the data we already have. So, in essence, we already have our own CMC. That data is used in an algo that adds the overhead costs of the support staff, a small profit margin and also takes in to account the buy and sell prices of the buffer. This makes for a system that makes a very competitive rate. On the books, that might not be the cheapest, but in reality, it will be on the low end of the spectrum because there are no exchange fees, and most importantly no 2x BTC fees.
When do we get this? Why does it take so long? It may look easy... Well, the software dev is, in reality, the smallest part of it all. We are dealing with banks that are rigid and require long meetings with expensive lawyers, licences, contracts, compliance issues, third party meetings, risks from a business and legal perspective, etc. In short, there's loads of meetings and legal stuff to take care of. Also to bring blockchain technology a lot of explanation is needed to everyone involved. Then they need to invest and draft contracts for stuff that's out of their comfort zone. A lot of reassuring is needed. Getting this kind of stuff will get easier once adoption increases. So for now, we have to go the long route because there are not many people that went there before us, there are no examples of how this pans out, so for a lot of people, this is considered high-risk. We designed it to be future proof so we are flexible if things change from a legal standpoint and we are forced to do more. The level of KYC done is also dependent on local laws.April 13 -- More quotes related to where Bitcore is going and the visionQBH - There was long discussion related to the importance of having additional layers of security for the BTXM vs. a centralized ATM owned by banks. Since it's a bit technical, even if it's interesting, I'd rather stick to the main nuggets I include in the post. Vision on Bitcore development projects (e.g. BTXM): "It's very important that not only the coin itself is decentralized, but that the services built on top it are equally decentralized." ...QBH - Bitcore is a pioneer in that sense! Who's the main target for BTXM?: "The Btxm is made to bring in newbies."Examples of places that will be targeted to place the BTXM: "Countries like Turkey or many cities, with ppl with no bank account or similar. We will also be mapping out hotspots, it's easy for us to gain adoption there. The main focus is exposure to the general public. So from a strategic point of view, the target market is where the supporting services (not crypto) are a hot item. The btxm is designed for easy handling. You get your first wallets directly from the machine."Interesting comment with regards to fiat currencies acceptance: "The bill acceptors are able to process 99% of all currencies available and are able to check the bills on 48mln points of authenticity. Keep in mind that a lot goes into designing and building these machines. They're designed with expansion and flexibility in mind from the ground up. So we can cater different regions with different specs if needed. The parts that go into the machine are chosen so they can be serviced around the globe. So for example the printer that is used is available everywhere in the world and can be swapped out easily. All components that are used are very high-quality so there require very little maintenance. This is important because it hard to setup a global support network. We have access to multiple factories spread across the globe, we have the connections to do global service in place and they are designed to be serviced globally. " ...QBH - That's awesome! Worldwide is the playing field
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