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681  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used by ordinary citizens? on: September 07, 2017, 02:12:55 PM
Yes, if the ordinary citizen is interested in gold or storing value.

Bitcoin is not a currency (yet).  It is a store of value and it competes against gold.  It has superior store-of-value features to gold.
682  Bitcoin / Bitcoin Discussion / Re: What are your thoughts for Bitcoin in 2017? on: September 07, 2017, 02:01:12 PM
Major factors on price of Bitcoin:

1.  Competition.  Is there a better coin with better technology that can pose a serious threat?

2.  Scalability (which is related to Competition).  This has plagued Bitcoin for most of this year.  If they can solve this problem, such as implementing Lightning Network and others, than Bitcoin can rally.

Bitcoin's application is not currency (currently).  It is a store of value and competes against gold and Bitcoin has many store-of-value features that are superior to gold.
683  Bitcoin / Bitcoin Discussion / Re: Beginner with a lot of questions. on: September 07, 2017, 01:54:59 PM
I'm probably one of the few people who is not a fan of hardware wallets like Trezor.  I cannot be convinced that a rogue employee at the manufacturer has not implanted nefarious code into the firmware.

I can recommend Electrum (for Mac or Windows) as it provides a code-storage, offline option.  It has been open sourced for many years.  But it does not have a iOS version.  Even if it did, all mobile wallets are the least secure because phones are so insecure.

684  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] STOCKBET - Put stock market gaming onto the blockchain! on: September 07, 2017, 01:47:19 PM
More and more assimilation projects appear, but who is the dark horse in the field of subdivision? Still have to wait and see

I'm not sure what you mean by assimilation projects and dark horse in the field of subdivision.  Can you elaborate?
685  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO Coins are Securities? Are Baseball Cards Securities? on: September 07, 2017, 11:57:39 AM
There are some other coins that are doing the same most of them being casinos, to be honest I like this approach a lot more, in most of the other coins you give away your money and then the only thing you can do is to wait for your tokens to go up, but if you get a share of the profits then that token is more similar to a stock.

According to a Coindesk article  , most projects do not use their tokens in their applications, as their tokens do not really serve any function:  "... many projects are putting on a song and dance, giving investors the impression that the token they are selling is an integral part of a working, or almost working, smart contract. But this is often far from the truth..."  "And what buyers do not realize is, in most cases, what they are buying is nothing more than a number on a spreadsheet managed by that token's smart contract."

Gambling or gaming tokens are the rare exceptions.

Gambling and gaming are excellent applications and a natural fit for cryptos.  Everyone else is trying to put anything and everything onto a blockchain, including the kitchen sink.  It's like trying to squeeze a square into a circle.
686  Alternate cryptocurrencies / Altcoin Discussion / Re: The END of ICO's? on: September 07, 2017, 11:43:55 AM
I would welcome regulations so that the ICO will be kept from scams and projects that only want money.

Regulation is a double edged sword.

Currently, securities offerings are heavily regulated.  Most start-ups would not have the resources to comply with regulations and therefore, they can only take money from friends, family and accredited investors.  This means that if ICOs are regulated, most people would not be allowed to invest.

However, most accredited investors (wealthy people) don't know anything about technology, crypto currencies and the risks involved.  A basement dweller geek understands these things better.  Regulation will put up a wall between ICOs and the basement dweller.

Yes, regulation will save some basement dwellers from getting screwed by some ICO scams.  It will also prevent the basement dweller from investing in the next Ethereum and the basement dweller is much better equipped to spot the next Ethereum than most accredited investors.

Regulators give preference to accredited investors, but their logic has major flaws:

1) Regulators think that accredited investors are better investors.  Not necessarily.  A doctor knows nothing about investing.  A surviving spouse may know nothing about business.  Celebrities are HORRIBLE investors.

2) Regulators think that accredited investors can afford to lose the investment.  A 65 year old, retired accredited investor cannot afford to lose 100% of his net worth.  If he does, the rest of his life is screwed.  An 20 year old basement dweller can lose 100% of his net worth and it won't be a serious problem.
687  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] STOCKBET - Enabling the world to play the stock market! on: September 07, 2017, 11:34:04 AM
So one of the main points here is not to pay broker? But what about paying developers, isn't it kind of the same?

Yes and no.

The StockBet Platform will already have games and will not need payment to the developers each time token holders play the games.  If new developers propose to build and add a new game, the proposal might  include a fee.  The community of token holders will be able to decide on whether to accept that proposal or not.  Furthermore, you cannot open an account with a stock broker to play with stocks unless you had hundreds or thousands of dollars to deposit.  Minimum fee per bet (trade) is approx. 10 dollars.  These don't apply to StockBet.
688  Alternate cryptocurrencies / Altcoin Discussion / Re: Any new and promising altcoin? on: September 07, 2017, 01:46:49 AM
Exscudo. Boscoin. Tezos there are many promising coin. After china ico regulation clear neo will be up more than the all time high before. Boscoin also will be launch their blockchain near. Exscudo will release test net in 4 october.

Tezos is probably over-priced.  They're going to get more competitors, such as EOS or Radix.global.
689  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO Coins are Securities? Are Baseball Cards Securities? on: September 07, 2017, 01:33:26 AM
The main point of securities laws is to protect people from scams, I agree, but that doesn't mean it applies to all scams, even though all scams would cease to exist through full honest disclosure. And lastly, not all ICOs are scams. But if they were, I would agree with China, but I don't.

A few ICOs are scams, but most are not.  Most have good intentions, but most are bad ideas or bad executions.
690  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I have 250 ETH, Hold or SELL? on: September 07, 2017, 12:24:55 AM
All cryptos combined will likely go up in the future.

However, it's hard to tell if Ethereum will continue going up at the same rate as in the past.

They are getting new competitors every day:  EOS, Radix.global, etc.
691  Alternate cryptocurrencies / Altcoin Discussion / Re: Good ICO's since China's ban on: September 07, 2017, 12:16:48 AM
Still a few days left for bitdice, ive already invested it seems like it could be very worthwhile and 70% of profits are paid out quarterly in eth to token holders so if it did take off it could be a nice source of passive income

Gambling is one of the best applications and a natural fit for crypto currencies.

But everyone is trying to put everything on a blockchain, including the kitchen sink.
692  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO Coins are Securities? Are Baseball Cards Securities? on: September 06, 2017, 11:59:22 PM
If you sell baseball cards and tell your buyers that it's an investment and that the value of the cards will go up, then it will likely be deemed a security.

So then based on your definition a house is a security. But a house is not a security. Neither is a baseball card.

You bring up a good point.  I wrote too soon in my previous comment.

For it to be a security, it needs to be an investment in a common enterprise.  Neither the card nor the house are common enterprises.
693  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin ICO Executive Predicts a Cryptocurrency Correction Coming Soon on: September 06, 2017, 11:33:44 PM

 I will like to know more about the forecaster, does he have history of making noise like this in the space or has he made any prediction that comes true

If he had a history of making accurate predictions, the article would have mentioned them.
694  Alternate cryptocurrencies / Altcoin Discussion / Re: The END of ICO's? on: September 06, 2017, 11:31:43 PM
Not surprised. This is a channel to take money from China offshore - which is probably how many Chinese ICO investors see it. Buy here for RMB, sell there for USD. Bingo! Apparently, the stream grows fast enough for Chinese Government to take preventive action.

Chinese investors can still move money offshore without Chinese ICOs.  They can still buy Bitcoin, Ethereum, etc., with RMB and sell elsewhere for USD.
695  Alternate cryptocurrencies / Altcoin Discussion / Re: Do we need an ICO regulation? on: September 06, 2017, 11:24:34 PM
There is two sides of the coins here:

1. You can't really regulate something decentralized and world wide like crypto tokens; They can't regulate pseudo-anonymous transactions or privacy enabled transactions;
2. If the company is regularly registered in some chamber of commerce in a country, that country Government is able to regulate that company accounting books but still the company may not register it's activity on the crypto world;

But if Gov claim to regulate those registered companies another profile of investors would come to the crypto world making it stronger.
There is already a lot of third-parties firms doings ICO analysis and rating them. Govs doing their own analysis and approval of companies will not mean an investor will read their analysis and invest in scams anyways, there is no law that make investors obligated to read companies analysis and no analysis in the world that predict the future of that company being a good investment. 

You bring up something I was going to write earlier.

Even if governments regulate, it doesn't mean that they will be able to enforce.  China has banned its people from selling coins in ICOs.  This might be enforceable.  But if China bans its people from buying coins, this will be hard to enforce.

FYI, governments do not and have never analyzed companies for investors.  Governments will ban companies from making promises or claims, such as:  "buy our coin and it will go up in value by 200%".
696  Alternate cryptocurrencies / Altcoin Discussion / Re: What's the future of NEO? on: September 06, 2017, 10:26:41 PM
Only the Chinese government can give you a good answer.
697  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin ICO Executive Predicts a Cryptocurrency Correction Coming Soon on: September 06, 2017, 10:20:23 PM

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

--- Warren Buffett
698  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO Coins are Securities? Are Baseball Cards Securities? on: September 06, 2017, 10:17:28 PM
If you sell baseball cards and tell your buyers that it's an investment and that the value of the cards will go up, then it will likely be deemed a security.
699  Alternate cryptocurrencies / Altcoin Discussion / Re: Any new and promising altcoin? on: September 06, 2017, 10:09:50 PM
When you review new projects, make sure you can find the team members on LinkedIn and with at last 100 connections for person.
700  Alternate cryptocurrencies / Altcoin Discussion / Re: Do we need an ICO regulation? on: September 06, 2017, 10:04:46 PM
Regulation is a double edged sword.

Currently, securities offerings are heavily regulated.  Most start-ups would not have the resources to comply with regulations and therefore, they can only take money from friends, family and accredited investors.  This means that if ICOs are regulated, most people would not be allowed to invest.

However, most accredited investors (wealthy people) don't know anything about technology, crypto currencies and the risks involved.  A basement dweller geek understands these things better.  Regulation will put up a wall between ICOs and the basement dweller.

Yes, regulation will save some basement dwellers from getting screwed by some ICO scams.  It will also prevent the basement dweller from investing in the next Ethereum and the basement dweller is much better equipped to spot the next Ethereum than most accredited investors.

Regulators give preference to accredited investors, but their logic has major flaws:

1) Regulators think that accredited investors are better investors.  Not necessarily.  A doctor knows nothing about investing.  A surviving spouse may know nothing about business.  Celebrities are HORRIBLE investors.

2) Regulators think that accredited investors can afford to lose the investment.  A 65 year old, retired accredited investor cannot afford to lose 100% of his net worth.  If he does, the rest of his life is screwed.  An 20 year old basement dweller can lose 100% of his net worth and it won't be a serious problem.
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