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1  Alternate cryptocurrencies / Altcoin Discussion / Re: The rate of abandoned projects on solana on: April 29, 2024, 12:52:15 AM
I stand to be edify as I'll be looking out for your opinion in this thought.!

IMO Solona borders being a Ponzi-sceme or is a Ponzi-sceme. The answer to this lies in the future.

One should see Solona as a shop which sells paper. They are not responable for what people write on all that paper and they also can't delete any text as long as the Solona blockchain keeps running. After it stopped running, most likely the chain will still be downloadable from some museum-alike website, but this wont happen soon.

Solona does not have a maximum supply or at least something similar, this puts the project in great risk of going down big time in the next bearmarket, in the last bearmarket they also dived deep.

Regarding all these tokens on Solona - on Solona and not only on Solona it's very easy to start a token. Just copy/paste another token and some other things - and you have a token.

Solona has a lot of hype now, yet it might have the same future as Rally (RLY) has. Rally is a Layer 2 coin, on Ethereum, and it's about being able to create tokens. It has had succes at first, but once the developers don't get paid anymore, such projects collapse.

Plenty of exchanges still offer Rally. Even though as far as I know it failed a long time ago. The coin lost 99% if compared to 2021. Far most kind of decent exchanges have delisted the coin.

Now here is the problem with Solona: it sells new SOL all the time to pay the developers. (Or does something which comes down to the same thing). With such tokenomics, a Rally-alike total collapse is an accident waiting to happen, the project is superrisky.

So with new meme-coins which only run on Solona, there is a double problem: these coins themselves will far most likely fail and Solona might also fail.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu token, is there a future for this? on: April 28, 2024, 09:16:07 PM
I don't really follow the development of the Shiba Inu token, but if you look at the trading volume of this meme token in the last 24 hours, the results are quite surprising, it is clear that the developer and also the community of fans of this token are quite enthusiastic

Coins like this are bordering being a ponzi-sceme, before becoming to be a lasting succes - or before indeed changing into a ponzi-sceme - and in result go down.

After a possible fall-back, believers will still keep it going for many years, it's all about believe anyway. But far most coins do not recover after falling back big time.

In general the Crypto-coins based communities it's a very new thing. The oldest one, the Bitcoin-community, is only 15 years old. Meme-coins are a lot younger and will still see a lot of development, shake-outs, new competitors and so on.

I'd say Shiba Inu stands no change if they can't create a succesfull DEX or a succesfull stable-coin or so, maybe a predictions-market.

But they have a huge head-start so they will have space to move for some time to come.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu token, is there a future for this? on: April 28, 2024, 08:09:29 PM
A community of bunch of traders bonding together for a pump and dump token? I don’t consider it a community if everyone is just screaming to buy and not sell so that they can sell on higher price using other member liquidity. This community only talk about the price and how to shill this useless token by faking its benefits to the public.

There’s no winning in meme coin in reality because all meme coin investors is just deceiving each other about “the good future” of the coin while in reality there’s nothing to look forward on this token aside from bunch of people expecting to pump and dump for quick gains.

I don't like this coin, but this in case does not mean I would never buy it.

I don't know this very community. In general, the kind of community you describe is the very community one would expact for a casino-coin. This are no fun communities, like a lot of communities are no fun, but it is a community. Now, if these people for example develop a stable-coin at 0,01 USD cent and create a decent backing, most of all when they create a kind of backing which is appealing to the crowd in that community, then they have instrumental utility.

Also over the years the people inside the community should have a better understanding of how the coin behaves on the markets then gamblers and also people who trade on intuition have outside this community. Of course, in chapters of this community where everyone yells "Buy buy buy!" a lot of these people are not buying themselves. People inside the community who buy whenever everyone yells "buy" will be broke at certain moment. So over the years, the community gets stronger. (Not in a good way but in some way.)

The key thing to look at is: do they have the kind of techical development which is appealling to the community? Plus do they know how to promote it?

This coin has a head-start, so they have a chance to stick around.

But I don't have any plans to buy it. I hardly ever buy memecoins anyway.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu token, is there a future for this? on: April 28, 2024, 04:39:06 PM
Shiba Inu isn't a great investment alternative. The supply is just too high and the usecase nonexistent. I see no point in investing in this token, since we have so many alternatives of altcoins at crypto market right now. Why not invest in an altcoin which has solid adoption, plans for the future and its own blockchain, instead? Investments aren't memes or jokes. I believe it has to be taken seriously, because it's all about your future and the future of your finances. So make sure to take responsible decisions towards it. Avoid speculative hypes which don't have any fundamentals behind them.

I tend to agree on most points. Yet having a community is a fundamental (to me). Just like having a name everyone knows and connects to a meme-coin, not to something else, is a fundamental (to me).

The current value is way to high for Shiba Inu being a failed coin which only is about hype and speculation. So it's something else. It for sure is a high-risk asset. After mass-adoption, some meme-coins will be worth more then Bitcoin is worth in the now. A meme-coin needs a very big community and it's far best of having some instrumental utility, for example being intergrated in an exchange, which the community uses - or for example being used in a predictions-market.

Example of the last thing: one could create or develop a meme-coin called "Karl Marx" and build a predictions-markets for the results of elections, but also for the price of the USD.

Due to the FED and also the ECB policies, plus the bank of England, there is a lot of store of value going on - a lot more then there is actual value. This for example means that the prices of houses are way to high in the now - houses no longer are just buildings to life in - they are stores of value. Not just in the rich parts of town, but in a lot of other area's also. This is something which will go wrong some day.

This means that most of all in a "Karl Marx" community, plenty of people will spend money on predicting that the USD will lose big versus gold, silver and grain. Such kind of a community could become to worldwide, if so it would have many chapters and it would connect people who have something in common.

I would be VERY suprised if Shiba Inu will be a winning memecoin over the years and decades. It does not connect people who have something in common and without that, it's not going to be easy for a meme-coin.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu token, is there a future for this? on: April 28, 2024, 01:12:59 PM
Shiba Inu allready is a succes, which means being in the media when something happens will take place. So promotion will be on auto-pilot. Promotion is needed for being able to grow.

It has a community, so it's possible to create a stable-coin. People like stable-coins, and a well-managed stable-coin creates utility for a block-chain. It also has a DEX and people inside the community might prefer using that DEX for trading some coins.

Shiba-Inu has some instrumental utility, so it's more then a memecoin - this is needed for being a real succes.

It has maximum supply, this is very important, memecoins without maximum supply or at least something which comes down to the same thing, IMO don't have any future anyway.

Keeping the current market-value will be very hard. More and more new coins will come, there is not all to much competetive utility. In result, the current value seems to be way to high.

Of course sometimes one can make good trades on this coin, yet this comes down to winning because others are losing and this is something I never do for two reasons: it's not nice and trades on coins which seem to have a value on the markets which isn't way to high are a lot less risky.

In the now, in essence it's casino-money.
6  Alternate cryptocurrencies / Announcements (Altcoins) / 10 years of Vertcoin: 300 000 downloads of the one-click miner :) on: April 28, 2024, 12:09:41 PM
Sharing the quoted statement from the Vertcoin Discord: better a bit late then never Smiley

Vertcoin is a battle-tested crypto-currency which markets-wise preforms better then Bitcoin. It also is a currency which, in the now, a lot of people don't even know about.
 
Should people know about it?

The coin is 10 years & 3 months old. It's a coin which, regarding the price that is, has been going up versus Bitcoin in the last 6 months. Before starting to go up again, it saw lower prices for several years. It has steady buyers and a for a low market-cap coin very active discord.

The possibly most succesfull developed product is the one-clickminer, it allows everyone to mine vertcoin during playing a game on the PC or so. Without having to join a mining-pool.

Quote
The 10th Anniversary of Vertcoin

Today marks 10 years since the genesis block was mined, signifying the beginning of Vertcoin. Vertcoin has always been driven by volunteers who have dedicated their time and expertise to the project. Whenever funding has been required for different projects, whether it be for development or marketing efforts, it has been crowdfunded through the community. Vertcoin has always been community-driven.

Vertcoin was initially created when ASICs were developed for Litecoin. One of Vertcoin's main goals has always been to keep ASICs and other threats away from the network and to maintain its decentralization. As a result, Vertcoin has undergone four hard forks to other mining algorithms to remove ASICs and a botnet from the network.

Over the past 10 years:
2,114,780 blocks have been mined.
5,702,028 transactions have been sent.
68,434,435 VTC has been minted.
Two halvings of the block reward have occurred.

Functionality has been developed on top of the blockchain. Vertcoin is Lightning compatible, and atomic- and submarine swaps have been performed with other blockchains.
Apps have been developed to drive the adoption and introduction of cryptocurrencies. The most popular of these may be The Vertcoin One-Click Miner, with over 300 thousand downloads


(Quoted text was written by KG)
7  Local / Alt Coins (Nederlands) / => Vertcoin: "The Peoples Coin" <= (ASIC-vrij minen op je PC) on: April 27, 2024, 06:12:26 AM
Vertcoin is enkele maanden geleden 10 jaar geworden Smiley

Video => https://www.youtube.com/watch?v=m9jn36JtxIE
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Revieuw Finexbox on: April 27, 2024, 05:55:06 AM
I confirm, this exchange is rare shit and it is better not to use it.

I might try and see if Finex wants to respond to the revieuw. There is at least 71K Vertcoin on that exchange, so for some reason some people are there anyway, so maybe its not as bad as it looks but this indeed is a maybe.

I've never heared anyone saying something good about that exchange but there seems to be someone in the Vertcoin project which has a contact there.

Doing this is not high on my list of priorities, I'll see.

9  Alternate cryptocurrencies / Announcements (Altcoins) / Revieuw Finexbox on: April 27, 2024, 04:12:16 AM
From the Vertcoin Discord: Revieuw Finexbox

According to coinmarketcap, this exchange is reliable...... Mmm..... Strange.

No clear communication for service & being very slow with paying back assets comes on top of issues with wash-trade. Plus get spam after giving them your e-mail adress. Even "take the money and run" if prices are right, might be not that easy at all.

Withdraw fee for Vertcoin: 10 VTC. This does not help - and is way and way higher then on other exchanges. Big spread also. There still is at least is 71K Vertcoin on it, but even if the prices are better then elsewhere, not using it might be the best way to go.

Exchanges like this come across as being run by one or some people only. If this is the case, then this does not have to be problem, but in this case it clearly is a problem. If an exchange even isn't useable as a "take the money and run" exchange, then I'd say its best to not use it at all.


10  Alternate cryptocurrencies / Announcements (Altcoins) / Revieuw Finexbox on: April 27, 2024, 03:59:56 AM
Revieuw Finexbox

Moved to https://bitcointalk.org/index.php?topic=1828453.msg63998867#msg63998867
11  Economy / Exchanges / South Xchange is closing - this limits options for trading Bitcoin for Vertcoin on: January 07, 2024, 11:27:24 PM
"Only 4 days after South Xchange decided to close, the customers of South Xchange have been informed" (Source: Vertcoin Discord)

This limits the options for those who want to trade the Bitcoin currency for Vertcoin currency. Everyone can move their Bitcoin or any other asset away from South Xchange, can do so before January 31.

If you still have an old account over there which you used years ago, maybe check it out. Some coins might have gone up. Also the Bitcoin you left behind there many years ago, has most likely gone up.

For direct Vertcoin <> Bitcoin trade, people can use Frei Exchange now. There are some other options also, but these other options are not the ones I would use myselve.

The impact this will have on Bitcoin far most likely is less then 0,0000001%. South Xchange did not really have the lowest fees, it did not have a bad reputation at all as far as I know, and it will be history at the end of the month.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Vertcoin Block 1 is almost 10 years old on: January 04, 2024, 05:58:49 PM
here it is....

https://chainz.cryptoid.info/vtc/block.dws?9249c198d4b1ca38bb92a740d6557df80e746108384552509225e7825556ebdf.htm
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