Hello Adam. you sound like a talented investor. But the Bitsend airdrop rules are very transparent. There are 1000 slots for Senior Members or higher from the BCT forum. The intention of the rules is two fold: broaden the distribution of ownership and help attract developers and evangelists to the Bitsend ecosystem. The rules cant easily be changed to everyone in crypto since 2010 like yourself. How do you define everyone in crypto? No matter what set of rules is defined, there will be some groups excluded and I feel the Bitsend team has come up with an objective, simple and inclusive airdrop program which helps Bitsend grow.  

We are in the final stages of editing the Bitsend white paper which introduces the Bitsend platform and team, roadmap for 2018 and what makes Bitsend unique. The white paper should help Bitsend achieve the recognition it deserves with the crypto and investor community. 

We have had many new people join our slack recently. Many are looking for the airdrop. This expands the distribution of the currency, however the intention of the airdrop was to attract crypto community members to help grow the Bitsend ecosystem and support consumer/business adoption of BSD. You don't have to be a expert level blockchain high priest to contribute. Maybe you are a graphic artist, public relations manager, web developer, digital marketer, or simply comfortable with social media like FaceBook and Twitter. We are active on Slack, Telegram and the Bitsend forums and we welcome new volunteers to join us as we build scale and grow. There has been a shakeout recently in crypto and many alt coins have declined 70% to 90% in value. Bitsend is one of the few that has been able to preserve its value and this is a testament to the Bitsend technology and team.    

I don't think all of these forks: BCH, BTC and BC2 are good for Bitcoin or the crypto industry long term. It creates confusion in the minds of investors and businesses on which chain is the "real" bitcoin. For better or worse Bitcoin remains the #1 crypto asset benefiting from network effects. It is my sincere hope that Bitcoin avoids the fork and that the industry focuses on increased crypto adoption by consumers and businesses rather than more bitcoin forks. Have any of you attempted to send BTC with a Segwit enabled Ledger Nano S? Transaction costs are at least 50% to 80% lower than they were before the August fork.

There are many problems in the crypto landscape, but most of them come down to greed, questionable motives and impatience.

- crypto investors are unwilling to invest their expertise in building up emerging blockchains. Its all about getting coins onto exchanges and dumping them as quickly as possible
- too many projects that are flat out scams with developers forking old coins with no value proposition other than a big pre-mine for themselves
- use cases for crypto coins are often an after thought, no one cares even in Slack channels with hundreds of members 

Hello buneskiti, I sent the SDRN coins to the ETH address and a PM as requested. Thank you and look forward to more development with the team to increase the tokens value. 

Bitsend is a promising platform with fast transactions, long track record and a talented team, one of the original master node cryptos long before they came into vogue and sprouted like weeds. Once investors wake up from the collective madness of chasing ICOs no matter how weak the business model some of that of that capital should find its way to Bitsend which feels undervalued to me. Have joined the Bitsend Slack, and was welcomed by darkjon. Hoping to contribute where I can, and grow my existing BSD position.

Who is the best point person(s) on the Slack to onboard new volunteers?

Very promising platform! . . . Active development, 10 to 13% of the hash rate of Bitcoin, regular updates to the community, attractive logo, transparency of the management team, real world use cases beyond acting as a currency. This platform feels undervalued for its current market cap around $21M.

What I like the best about the Crown is the team is laser focused on scalability, technical feature enhancements and business usage, in fact the governance is probably superior to BTC. The ANN is refreshing with very little shilling and meaningless spam posts cheerleading that the coin is going to the moon. Other smart contract platforms like Ethereum , NEO and Stratis have so much hype and giant market caps. I have made a starter allocation to Crown and plan to grow on any selloffs. What's the best place to engage with the team? Mattermost?

This nugget about Crown and Ouibring may be of interest to the community.
http://startupyard.com/sy-batch-7-alum-ouibring-gains-investment-with-a-twist/

Hello,

I've been working on a new currency for a while now.

The idea is that because we can create very accurate decentralized IDs for our users, we can give new users their share of a new currency as we create it. Some work is involved with this creation process, so they earn it in exchange.

The potential issue is will new users claim their coins, then dump them on the market and walk away meaning that this process will cause heavy inflation. My argument is that we still have a per user value, which should rise with time due to increasing network effect and the more people they can use their money with. And as long as the percentage of people dumping, percentage of people using it as a currency, and percentage of people investing remains approximately the same, this should actually lead to more stable prices but gradually drift upward

I would love to discuss this with some economists.

Any thoughts?

Perhaps you have a point, any ideas for estimating this?

I'm trying to estimate if Bitcoin was used like Venmo, how much BTC would be worth if people kept a similar amount in their account as they do in dollars.

So Venmo users, would you mind telling me your Venmo amount balance so I can get an average?

I'll start, I have $1210

Thank you!!!

I'm trying to summarize in as few words as possible, what is the problem with centralized currencies?  Writing an article about why decentralization is important.  I would like a good problem summary to start.

I would say:
 - Someone always has the ability to counterfeit
 - Controlled by centralized authority who can change the rules as they see fit
 - Centralized authority can print more money
 - People can have their bank accounts frozen

Ideally a sentence or two to summarize. Maybe something like "Centralized currencies can always be cheated by someone and manipulated in a manner that most benefits those in control, to the extent of locking you out of your account or taking away your money if you do not behave in the manner those people would like.  When the people control the currency, the people decide the rules that govern it and no one person can touch your money without your permission"?

Anything else I'm missing?

Thank you!

The biggest risk I see is that POW relies on large amounts of transactions to generate transaction fees to support the miners.  Bitcoin has to majorly take off or die.

The current transaction fee for BTC is over $6 per transaction. Only supported by the large amount of inflation BTC currently has.

Glad to see work is still being done on this coin!  Working on a project that potentially could help this coin as well.

Anyway, does anyone happen to have the list of email addresses we gathered for cryptocurrency journalists?

-Matt

And someday you'll be remembering when it was going for 80 satohis as well... buy it before it's too late!   This coin is definitely going to be going to 320 satoshis not too long from now, probably by at least the end of the year.   Probably at least double sometime in October with all these new changes coming soon.

Very interesting point... I'd add to it that not only do we have to trust the coder who created the contract but he'll also be very expensive.  He has to be trained as BOTH a lawyer and a programmer.  Two of the most expensive professions out there and he basically needs to be an expert in both or you need to hire both to work together.

I guess you could argue there will likely be some standard contracts out there and users could pick and choose clauses they want to see.  That could kind of work.. but forget about any kind of customization, which seems to be pretty typical.

As long as my salary isn't set in Bitcoin, no reason not too.  Probably would immediately sell some of it to lock in enough to be able to safely support myself and leave a little bit to float as an investment.

So this Litecoin developer could afford to pay up to $10,000 to GDAX if they list the coin, which also gets GDAX extra volume, and helps LTC and have the troll foot the bill?

Genius!!

Hello!

A few of us have been working on a new cryptocurrency for a couple of years now, and we are getting ready to launch something within the next couple weeks. Figured I should probably run this by some economists regarding some of the rules of the currency.

We've managed to find a way to generate very high accuracy IDs, and would like to evenly distribute the currency across all the IDs to start it off, I want to make sure this is done in an economically sound way.

Here's what I'm thinking:
 * 1 coin per day per person for the first 2000 days, meaning this is essentially vested to people over 5.5 years.
 * 2% inflation per year and equally distribute that amongst all current accounts.  This means that yes, we have inflation BUT it is being given to everyone who owns an account, so it encourages spending money but doesn't devalue the average account.
 * Some incentives such as a referral program that allows earning 50 coins per day for referring new users, this money is also vested over time

We are also theoretically thinking about restricting some of the coin that is initially freely earned so that it can only be spent at approved stores, until it has been spent, sold on the market via some sort of BitPay like system, then rebought.  Any coins other than those freely given out can be spent as wanted, this includes referral fees.  We hope this should limit people dumping and encourage use as an actual currency. Because people will be allowed to sell some of their currency on the open market, we can still establish a price to start off this system. Or would the extreme volume we could get from people dumping their free coins be a great way to kickstart the currency with real volume?

Because we can track the number of unique currency holders as well as number of stores and volume and what not with more accuracy, we are thinking that we can also come up with a formula that gives the currency a "suggested value". Help here would be appreciated.  Hopefully this remains a little more stable, because any time there is a bubble, new accounts will join which will introduce some more currency that could be sold and exert downward pressure into the system.

Anyway, I have spent a lot of time thinking about this but advice from an economist would be much appreciated!  For example, should we frontload the distribution, so people can access most of their currency earlier?  Little bit more BTC like with extreme initial inflation but lesser later inflation. I'm thinking evenly vesting should long term lead to people having more incentive to stick around.

Oh and yes.. we can decentralize this.  Initially only a decentralized audit trail while we retain centralized control but we do plan to fully decentralize this once established. This is primarily because our ID system is more solid and hacker proof if we have many accounts. Additionally, decentralization is much more time consuming to implement and we want to test the market and make sure there is interest before spending that time.

Thoughts on any of this?  Thank you!!

I am working on an app and it will involve holding on to private keys, including Bitcoin private keys.. how can I make this secure and easy for users?

This is a mobile and desktop application.

Thank you!