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1  Bitcoin / Project Development / Crypto conversion in the point of sale on: October 18, 2018, 08:12:47 AM
Hello guys!

I would like to exchange some ideas and thoughts about having the opportunity to pay with crypto for an item directly in the point of sale.

for example you give input the type of crypto and the amount of it you want to give, and then the application processes the transaction and pays the retailer in fiat automatically.

Of course, many will think that this may take a lot of time to do it (scalability issues) but what if this transaction happens offline and processed later on to the blockchain?

This is a simple description of the app, I just want to know if you would embrace an idea of crypto payments.


Any opinion is welcome! Thank you!
2  Bitcoin / Project Development / Re: ECTA: The first blockchain-based trust protocol for global employability on: October 16, 2018, 09:37:37 AM

I also noticed that and it was really impressive, I do think that Europe is a friendly environment for blockchain projects even if there is no clear adoption of digital assets

i think there is no clear legislation about cryptos in europe but many countries help blockchain hubs to grow. Countries like malta, switzerland, germany and now slovenia is into the blockchain with many activity

3  Alternate cryptocurrencies / Altcoin Discussion / Re: STK Progress Discussion 12/18 on: October 16, 2018, 09:35:53 AM
I think stack still needs to deliver on the promises and the products that were promised during the ico or may be the project team is intentionally delaying development due to bad market conditions, i know stk is lacking volume and value in the market but that can be improved only by providing real solid products as promised.

at least they need to show progress by releasing a feature or allow the app to be tested by the users, this will be a step forward and probably it will increase the volume in exchanges

Bear market doesn't help coins/tokens to increase their volume. due to that drop FUD is so high and everyone is afraid to trade of buy something new. Only experienced traders handle it right now and they mostly trade certain coins.
4  Economy / Economics / Re: ICO Investments Why Risky? on: October 13, 2018, 07:32:01 AM
Market it down and this is the reason why ICOs are risky. If a team has decided to raise a specific amount of ETH with a certain fiat price and then ETH is valued lower that means that they are not able to cover their expenses and they are out of plan.
5  Alternate cryptocurrencies / Altcoin Discussion / STK Progress Discussion 12/18 on: October 13, 2018, 07:18:28 AM
Another big week for STACK, partnership with Twitch is here! The took notice of how excited you were about the announcement in our last AMA, and are thrilled to offer you up to $20CDN in Twitch Bits to cheer on your favourite streamers. They know our community loves gaming and Twitch, so it’s our way of rewarding our gaming enthusiasts. This is a limited time offer, so get your Twitch Bits now! This past weekend, STACK Blockchain Developers also took off to Silicon Valley to participate in ETH San Francisco, the world’s largest Ethereum hackathon, and won top sponsor prizes! Read on for more about their experience and what we’re working on.


Recent Progress:
Smart Contracts Security Audit & Smart Contracts

  • Working on audit fixes

Server

  • Refactor return token endpoint
  • Transaction detail endpoint

Research

  • Running both bitcoin daemon and lightning daemon from within docker containers, working on giving the lightning container access to bitcoins rpc server

Community

  • Our CEO, Miro Pavletic, was invited to speak on the panel at the MasterCard SMART Conference in Austin, TX alongside Chris Newkirk from Capital One, hosted by Raj Seshadri from MasterCard on the topic, ‘the Future of Banking.’
  • Over the weekend, our Blockchain Developers, Thomas Lui and Nat Chin, participated in ETH San Francisco. Prior to the event, they had to some time to explore the beautiful Bay Area & venue and connected with fellow participants and mentors. They ended up joining forces with new friends, Brandon In and Peter Hulst, to create LendingParty. Lending Party is a completely end to end solution for a user to receive a Fiat loan from collateralized cryptocurrency without an intermediary. The team ended up winning the MakerDAO prize for best use of the Maker API, Bloom prize for Best Use of Bloom Protocol in Lending, and Wyre Grand Prize for building on the Wyre API and SDK. Read more about their big win in detail here.
  • STK Blockchain Developers, Thomas &Nat with friends and teammates, Brandon &Peter celebrating their big win at ETH San Fran.
    The action doesn’t stop there for Thomas and Natalie, this weekend they will be mentoring the UofT Blockfest alongside our Bitcoin Developer, Aleksa!
  • The ‘STACKATHON’ continues as we will be running our own Hackathon on November 24–25 in our office in the Distillery District. The focus for STACKATHON will be level two-scaling solutions, including sharding, state channels, side-chains, and more. Interested in participating? Apply here.
6  Economy / Economics / Re: Which one do you prefer?Increase your Bitcoin or ِDollar? on: October 12, 2018, 09:20:42 AM
In Trading, there are two categories of people, those who want to increase their bitcoin volume, and those who want to increase their dollar volume. Which one do you prefer?Why?


Firstly, aan increase in Bitcoin to make profit, then cash out and then an increase in fiat currencies. The real dream!
7  Other / Off-topic / Re: Sugar is healthy on: October 11, 2018, 09:56:55 AM
It's addictive but not healthy. We cant live without it because we learnt this way.
8  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: How choose Best Crypto for invest? on: October 10, 2018, 06:23:15 AM
Team composition and whitepaper are one of the most significant factors you have to look carefully at. If these two are legit there is a high chance for the ICO to be successful.
9  Bitcoin / Project Development / Re: ECTA: The first blockchain-based trust protocol for global employability on: October 08, 2018, 11:40:33 AM
I personally, understand nothing in currency, especially virtual one, but in my company essayontime.com.au you can find specialists that write about this topic and ready to share their knowledge. So you all are invited to check them out.

If you don't understand anything why should we trust you? It seems like a scam attempt in my eyes and also it is not the best marketing tactic to sell your services.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Any signature bounty campaign for newbies ?? on: October 08, 2018, 11:38:57 AM
You can't join a sign campaign if you are a newbie. You don't have a place to put the sign in your profile.
11  Alternate cryptocurrencies / Altcoin Discussion / What if you were able to show your skills and work all around the globe? on: October 07, 2018, 04:31:50 PM
ECTA platform is going to give the opportunity to developers to work around the globe, develop their skills and gain reputation and of course money in their desired field of expertise.

The first blockchain-based trust protocol for global employability

The mission of the ECTA protocol is to increase time & payment efficiency, establish genuine relationships, and discover talents from low-middle income countries by leveraging on its unique technical solution fueled by AI algorithms of a previously created smart solutions and all that in the synergy with Ethereum based smart contract to make the product scalable.

They can do this through the use of ECTA SKILLS tokens (ERC-721). These non-transferable tokens represent the first currency for skills for developers. They provide an easy way for idea holders to affirm the skills that a developer touts. On the same note, they also provide a developer with credibility and proof of their skillset as they apply for new projects.

These non-fungible tokens are granted to developers following the successful completion of a project. They accompany ECTA PAY tokens, which are also given to developers following the completion of a project. Eliminating the difficulty of paying international employees, developers can cash these tokens out on exchange for currency.

To learn more about how ECTA makes the tech recruitment and project acquisition process simpler, or to keep up with company news, join the community online or by following ECTA on channels like Facebook, Twitter, and Medium.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: STK Card for POS payments with cryptocurrencies on: October 07, 2018, 03:47:31 PM

Can the payments be made in many cryptos? If my BTC is over can I use BCH to fill the amount for the payment?

State channels are designed to accept Multiple cryptos so you can do that if you can fill the payment with your crypto amounts.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: STK Token - Progress Discussion on: October 07, 2018, 03:45:37 PM
STACK project has released a Progress report some hours ago. The team works hard in developing a well functioned project in order to give the power of using crypto as a payment method in the point of sale, to any user who has an account and a card.

The innovation of this project is the use of State Channels that manage to "store" offline payments that will be processed later to the blockchain in its online state.

Here is a Progress update with what STK has achieved during that time:

Recent Progress:
Smart Contracts Security Audit & Smart Contracts
  • Actively working on audit fixes
Server
  • Transaction history data
Research
  • Setting up lightning node in the Amazon cloud
Design
  • No new update.
Community
Our CEO, Miro Pavletic was invited to speak on a panel at ELEVATE, alongside Bank of Montreal, Deloitte and BTCC, discussing ‘Roadblocks in the Blockchain Industry’ from an operational perspective; everything from taxation to opening a bank account.

Read the complete report: Here

It is very encouraging to see interesting projects that face difficulties, trying to accomplish their mission and deliver a functional product to the public. Wouldn't it amazing to make payments anonymously with the use of our smartphones in just few seconds?


STK token had a nice price but the value dropped significantly because of the slow development. If they return back on the roadmap their will be better signs for the project.

People still search for fast returns even in this market conditions, patient investors will win this in the end.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: I currently have 5 ETH. I should buy an ICO on: October 07, 2018, 12:59:48 PM
An absolutely promising project is ECTA.io that tries to revolutionize the current employment industry. I would recommend it to have a lot at their whitepaper and how they can help developer around the world to make a living by using the ECTA platform.
15  Other / Serious discussion / Re: Giving Eth To Receive Eth Scam on: October 05, 2018, 08:14:29 AM
I have seen this scam everywhere. How is this possible to believe in this Give to Take ETH? You should be very naďve to do that.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: STK Card for POS payments with cryptocurrencies on: October 05, 2018, 07:02:43 AM

If you transact with STK tokens: just as in the above example, the user pays no fees.
In summary, we have significantly improved the architecture to the benefit of both members and for STACK. It costs about 34.8 % less in gas for a member to transact using a Multi-token payment channel than with a traditional single-token channel.



34.8% is a significant cost reduction in fees. Less fees can help increasing instant payments in the point of sale. However this post doesn't help to understand the technology that causes this reduction. Please share more info that will make understand it.

Not only there is a reduction in cost but also the speed of the transactions happen instanly because of the state channels that are developed and they can do transactions offline. And when the channel is closed then the txs are going to be processed online in the blockchain.
17  Alternate cryptocurrencies / Altcoin Discussion / STK Card for POS payments with cryptocurrencies on: October 04, 2018, 02:15:51 PM
TLDR: Vitalik wants a crypto card for mass adoption and we’re building it.

Vitalik Buterin, founder of Ethereum, expresses interest in actual adoption of cryptocurrencies by being able to transact with it in-store.



"I think there's too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption."

-@VitalikButerin



The goal of any financial technology company, no matter how big or small, is to make it simpler for you to manage your money. In contrast, for almost a decade, cryptocurrency adoption has been hampered by poor and arcane user interfaces, wrapped around a counter-intuitive and error-prone technology.

STACK gives the chance to users that wants to pay with crypto in the Point-of-Sale that can lead to Mass adoption.

Below is a comparison of gas costs, and how they were significantly improved when we introduced the Multi-token payment channel. Members who pay with any token besides STK pay network fees in STK.

Multi-token channel: adding new tokens

If you transact with another ERC20 token: the user pays fees for initializing a channel (129000 units of gas) and settling the channel, (about 115000 units of gas). In total, the user pays around 244000 units of gas to transact. Assuming a gas cost of 10.1 gwei, the transaction fee is $0.727.
If you transact with STK tokens: STK will pay all operational costs for facilitating payments. Regardless of the number of transactions, the user would pay $0 on top of the STK required for the purchase.
Single-token channel: transacting with additional tokens

If you transact with another ERC20 token: the user pays fees for initializing the channel (600000 units of gas) and settling it (100000 units of gas). In sum, each new payment channel would cost the member about 700000 units of gas. Assuming a gas cost of 10.1 gwei, the transaction fee is $2.08565.
If you transact with STK tokens: just as in the above example, the user pays no fees.
In summary, we have significantly improved the architecture to the benefit of both members and for STACK. It costs about 34.8 % less in gas for a member to transact using a Multi-token payment channel than with a traditional single-token channel.

18  Bitcoin / Project Development / Re: ECTA: The first blockchain-based trust protocol for global employability on: October 03, 2018, 10:25:16 AM

Bigger risks, give bigger profits.


The risk of getting the amount that you work for is eliminated through the ECTA platform at least. Then, it is up to you how you will manage your coins and cash out at your desirable price that the market will bring out.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: STK Token - Progress Discussion on: October 02, 2018, 11:05:19 AM
Is there any source to see who State Channels work? I cannot understand this feature of offline payments.

Here is a link where you can read about state and payment channels: https://www.learnchannels.org/#Projects
20  Alternate cryptocurrencies / Altcoin Discussion / STK Token - Progress Discussion on: September 30, 2018, 07:32:31 AM
STACK project has released a Progress report some hours ago. The team works hard in developing a well functioned project in order to give the power of using crypto as a payment method in the point of sale, to any user who has an account and a card.

The innovation of this project is the use of State Channels that manage to "store" offline payments that will be processed later to the blockchain in its online state.

Here is a Progress update with what STK has achieved during that time:

Recent Progress:
Smart Contracts Security Audit & Smart Contracts
  • Actively working on audit fixes
Server
  • Transaction history data
Research
  • Setting up lightning node in the Amazon cloud
Design
  • No new update.
Community
Our CEO, Miro Pavletic was invited to speak on a panel at ELEVATE, alongside Bank of Montreal, Deloitte and BTCC, discussing ‘Roadblocks in the Blockchain Industry’ from an operational perspective; everything from taxation to opening a bank account.

Read the complete report: Here

It is very encouraging to see interesting projects that face difficulties, trying to accomplish their mission and deliver a functional product to the public. Wouldn't it amazing to make payments anonymously with the use of our smartphones in just few seconds?
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