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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Hacking is the Real Issue of Crypto currency on: September 24, 2018, 04:28:07 PM
It's been speculated a lot in recent years that exchanges will use the idea of getting hacked to cover up other forms of fraud. Jordan Belfort, a huge pessimist when it comes to crypto "currencies" (not blockchain) states in the video shown below around 12:00 and in another spot that he believes alot of the crypto hacks of exchanges have been used as a cover up.

https://www.youtube.com/watch?v=4F2b42wah0Y

I have never heard of this exchange that you speak of but keep in mind that only a small % of the crypto exchanges in the world are watched over and regulated by branches of government, most being in the USA. Exchange hacks have become less and less prevalent in big markets but still a huge downfall in smaller markets like latin america or parts of asia.

Another thing to keep in mind is that several so called "youtube personalities" have come out and said that they were hacked, I think some of them did this just because they didn't want to be held liable for taxes.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Bridge BCO PONZI Scam FRAUD on: September 24, 2018, 02:32:14 PM
Why do you think so?

The coin has no inflation. They are paying out the biggest part to the stakers in btc, not bco.

Apparentky they want to attract (long term) customers. In return they share a (big) part of their earnings to bco holders and marketmakers. I think they need at least a certain amount of liquidity to be attractive for customers.

They actually get a lot of liquidity when micro cap coins get halted and stopped for trading on centralized exchanges like cryptopia, they are in turn like a fall through, or secondary market for smaller coins. They will need to get ERC20 tokens listed someday to get more volume too.

I'm not sure if they will ever cross the cusp of just being a "backup, last resort" exchange though, it's hard to imagine big whale traders will start trading BTC/USDT on there with how slow and tough it is to use.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Bridge BCO PONZI Scam FRAUD on: September 24, 2018, 02:29:49 PM
Crypto-Bridge is a decentralized exchange built on top of the BitShares Network, it's basically the same as Bitshares asset exchange, but with many different trading pairs and is easier for coins to get listed.

The people who build crypto-bridge are the developers of Bridge Coin, they had no ICO and no premine....that right there is enough to call your accusations unfounded and unjust. Dude, do some research first before you just spout off claims of ponzi schemes and fraud.

They launched an altcoin and mined it themselves while building crypto-bridge, they offer staking positions to people who want to lock up their BCO with them in order to get a little bit of the trading profit that the exchange generates. That in turn gives the coin some demand and value, its actually an interesting model. The coin is pretty much tied to the exchange and if the exchange is successful the coin will be too.

The only thing I will say is that the DEX is slow and cumbersome, it's the trade off of using a DEX.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: It is Possible Ethereum Did Not Drop Due to ICO Sell Off After All on: September 23, 2018, 09:11:02 PM
It's also speculated that the drop was from bitmex adding eth swaps and the CEO pretty much encouraged users to short ETH, its been said he was anti ETH before anyways, I think its a combination of things though honestly.

With the ICOs I would bet that most had already liquidated a big portion of their ETH, and ETH wasn't the only way to fund these projects remember USD and bitcoin were accepted by most.

See the article about the bitmex swaps below:
https://bitcoinexchangeguide.com/bitmex-accused-of-manipulating-ether-price-as-ceo-claims-eth-will-drop-below-100/
5  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Have you ever been hacked on a crypto trading platform? (share your experience) on: September 23, 2018, 09:06:27 PM
Even if someone is using myetherwallet or a similar decentralized exchange they can still accidentally give their keys to hackers, just recently the DNS server of myetherwallet was hacked and people transfering ETH or tokens that put in their private keys to access their wallet were compromised.

For the best security use 2FA

Don't use priv keys anymore, use metamask or a hardware wallet to connect to myetherwallet

Use one email address for crypto exchanges, not a universal email for everything.

Dont post on social media with your real name and information about your crypto stuff

Bookmark sites so you dont get phised

Sorry about your friends loss, hope he can get passed it. good luck
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🚀[ANN] POLIS | Airdrop Governance | Decentralized | on: September 23, 2018, 03:32:23 PM
All my Polis Masternodes show : NEW START REQUIRED.  When trying to start the masternode by using Start alias option, it now gives error:

Alias:MN1
Failed to start masternode,
Error: Masternode limit reached, masternodes enabled: 2974, cannot enable more masternodes, Current limit is 2000.




Dont tell me that now new limit has been set for masternodes i.e. 2000!  What will people do who intended to buy coins for masternode and now in loss due to fall in price?  Developer needs to do a quick fix to this!

There is not any kind of limit, first off you should get familiar with discord, the help you will get on this forum is extremely limited, you need to be able to get live help on discord.

Find the invite link on the first page of the thread

My guess would be that you have not updated to the most latest release of Polis, check to make sure you are on v1.4.1, note that a fork will happen at block 188328 so you want to get all your masternodes updated before then or you will be on wrong chain.
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: SLEEPING GIANTS WAKE UP? on: September 23, 2018, 03:25:01 PM
Top 3 most overused sayings in crypto:

1. Moon

2. Lambo

3. Sleeping Giant

You should re-name this thread to:

"Hey, we need another 500 page mega-thread of coin shilling"

If this post was on reddit:

poster1
-These are my top xxx,xxx,xxx

     poster2
     -xxx sucks, vaporware, my xxx so undervalued
       
          poster1
          -xxx has X amount of partnerships, do your research before you speak newb

             poster2 and poster1 ensue on a 30 post collapsed thread of comparing IQ's, spelling, grammer and eventually dick sizes.
             
8  Alternate cryptocurrencies / Altcoin Discussion / Re: About to give up on Cryptocurrency? Read this before you do on: September 23, 2018, 06:49:04 AM
I was down a lot in 2014 during the bear market, doing several of the things that OP had listed I was able to grind up my portfolio and eventually I am in the green as far as USD value but nothing near the ATH my portolfio made back in december 2017.

You just really have to be patient and find sold projects and try and make good trades, or you could just buy and hold, but being patient is key.
9  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Top 5 biggest scams involving cryptocurrency on: September 22, 2018, 12:54:00 PM
This list could very much be extended, most of the coins that you have listed fell under the category of HYIP (High yield investment programs). Almost all of these type of schemes were pretty much ponzi scheme's and had red flags even in the begining, bitconnect is a good example.

Now the thing to remember is that the word "scam" is thrown around in crypto vaguely (used to easily). For example comparing bitconnect to a something like Archcoin isn't a fair comparison because Archcoin was more of just a failed project rather than an outright scam.

https://bitcointalk.org/index.php?topic=831777.1760
https://twitter.com/archcoin?lang=en

Many coins/projects in crypto will fail, making them just unsuccessful ventures rather than outright scams, on the other hand something like bitconnect had ill intentions from the begining.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple took second place... on: September 21, 2018, 05:24:56 PM
Is ripple XRP the next big thing??    It just went ahead of ethereum on cmc.. is it too late to invest??...

Sigh...if you want to buy it when its up over 100% in the last 7 days then be my guest. How can you look at such a parabolic chart and wonder if its too late? Right now is literally the riskiest time to buy man(in the short term), sheez don't get FOMO so easily. If I was anywhere even close to a ripple shill I could probably find two articles or pieces of news to encourage you to buy and then you would most likely be holding the bag.

Also market cap valuation on CMC is skewed and shouldn't be taken so seriously, anyone could create a coin, sell it at a set price for an initial offering and when that coin hits the market and sells for X price (around ICO price) the market cap will be based off of that. So it's like anyone who creates a coin can set their own market cap.

Use this site for better and more accurate data:
https://onchainfx.com/

11  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Professional advice Here! on: September 21, 2018, 03:54:38 PM
I have a desire of increasing my cryptocurrencies earnings and I have a thought this money to go into icos review for money or to be paid in ethereum or bitcoin.  I will like to  have your recommendation on were to start from and what I need do to be a successful icos' reviewer. Recommending sites that pay for icos' reviewing is highly appreciated. 

Im not exactly sure if it pays out on every review but I know that Revain is a token based on the review of ICOs.
https://bitcointalk.org/index.php?topic=2064640.0

If you really want to make money doing reviews you should think about a youtube channel which would be more of a long term commitment. But in the short term you could just simply bounty hunt like alot of people on this forum do. Check out the board below but also please be mindful of the rules and dont just become another spammer, actually take the time to research and know what ICO/project you are promoting.

https://bitcointalk.org/index.php?board=238.0
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Weekly Crypto Recap - live from Litecoin Summit! on: September 20, 2018, 05:15:49 PM
https://www.youtube.com/watch?v=CfYbl04y9LA&feature=youtu.be
I had a great time filming the weekly crypto recap from the Litecoin Summit in San Francisco this week!

Huge thank you to @KennethBosak @BTCBenny & @RealCoinDaddy for joining me in person!

I have been interested about any content coming out of the first ever Litecoin summit so thank you for sharing this, I listened to the whole show and it was interesting. I thought every speaker provided good context and insight.

I will say though that you guys did jump around quite a bit and I wish there was more discussion about Litecoin in general, but overall this was a good show and worth listening to if anyone has time. Find a quick recap below and added information about the speakers:

BTC Sessions @BTCbenny
https://www.youtube.com/channel/UChzLnWVsl3puKQwc5PoO6Zg

CoinDaddy @RealCoinDaddy
https://coindaddy.io/

@KennethBosak
https://steemit.com/@kennethbosak
https://kennbosak.com/

They talk about the recent change in shapeshift where people now have to get a membership @3:20

Go into decentralized exchanges and the New York agreement ect @8:00

Talk about the Gemini stable coin @11:30

They get into taxes a bit @18:30

Trading Desk getting involved @26:00

Talk about BAKKT and institutional money @31:00

Talk about ETH and ICO, unregulated securities @38:00

Overall market view @44:00

They talk a little bit about Litecoin/Gemini/Binance @48:00
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Texas Regulators Shut Down Three Cryptocurrency Scams on: September 20, 2018, 03:26:06 PM
The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes.

The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an initial investment of $1,000 into $10,000 in three weeks.

https://www.ccn.com/texas-regulators-shut-down-three-cryptocurrency-scams/

They have been first movers in the crack down of crypto scams, I have an immediate family member who works in law enforcement and I can tell you that the authorities in texas are very serious about finding and prosecuting ICO/Crypto scams.

They were the first state to put out a cease and desist order on bitconnect:
https://cointelegraph.com/news/texas-regulator-orders-bitconnect-to-cease-and-desist-marketing-securities

This kind of led to the downfall of bitconnect, nonetheless youtube promoters (scammers) were making videos the next days showing people how to use VPN to keep re-investing  Roll Eyes Roll Eyes

It's good to see authorities taking action but at the same time the SEC is hindering crypto innovation in the USA.
14  Economy / Exchanges / Re: What is the worst and the best exchange you have ever known? on: September 18, 2018, 08:10:29 PM
Well Etherdelta is a decentralized exchange and doesn't have the same security flaws that bitso may have, that could be debated based on the recent smart contract flaws in etherdelta, but nonetheless its still a DEX.

There is a huge trade off when using decentralized exchanges so its no surprise that you hated it, but its the cost of being decentralized....have you ever used crypto-bridge? That exchange is probably my least favorite to use, its a DEX and its like running poloniex back in spring 2017....extremely slow and constantly having to be refreshed.

Best exchange I have ever used is GDAX, now Coinbase PRO, extremely fast and never had an issue since 2013, worst exchange I ever used was either cryptsy or mintpal, both of those exchanges were hacked and screwed over all their users.
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Crypto currency 101 on: September 18, 2018, 07:46:05 PM
Now crypto currency doesnít have that, it doesnt have anybody enforcing rules and backing it.

The bitcoin network has roughly 50,000 TH/s of computing power making sure that all the rules of protocol are enforced, the miners are enforcing the rules and backing the digital currency. The code itself dictates the supply, the code is open source and controlled by competent developers. People don't have to upgrade to new code if they don't want to making the system more decentralized then the FED or any central bank for that matter.

since there is no one regulating rules anyone can manipulate the value of any crypto currency. Isnít that more risky?

I will say that the supply of bitcoin and most crypto currencies is lop-sided to a small few, but that doesnt really mean the price is manipulated, shit we could debate if gold/silver price is manipulated. But not just anyone can manipulate the price, it would have to be whales or people with endless pockets. Anyone who has large sums of bitcoin is interested in the long term appreciation anyways. Short term market moves are irrelevant in crypto.

One of the reasons for the centralized payment processing protocol is to prevent funding for money laundering, terrorist activities, and illicit trade in drugs and ammunition. With crypto currency, it becomes harder to trace transactions and ascertain identities of the participants.

This has been refuted so many times, only a small portion of crypto is used for illicit activity, and only a small portion of cryptos are completely private, most have public chains where law enforcement can analyze and identify crypto users.

16  Other / Meta / Re: What should I do for those who have changed their rank on BTT to a newbie? on: September 18, 2018, 06:17:44 PM
What should I do for those who have changed their rank on BTT to a newbie?
What should I do to become a Jr member like before?

First off I don't think this post belongs in altcoin discussion, you would probably get much better advice if you just posted in Meta:
https://bitcointalk.org/index.php?board=24.0

There is much better discussions about the current ecosystem of the forum on that board.

Secondly you need to focus more on the quality of your post and work on your english if you are not verse in it already. Don't post one sentence responses in threads where there are thousands of pages and post. You want to actually bring some substance to your post that engages others, if you are going to post in mega threads atleast post something unique and relevant to the topic or current state of the coin/project.

You will need merit to rank up, spend time reading and learning in meta board and improving your english, the more time you spend learning the better off you will be in crypto ecosystem.
17  Economy / Economics / Re: The gap between poor and rich countries, a major impediment to global adoption on: September 17, 2018, 08:23:12 PM
I live in Africa and trust me when I tell you that people are actually waking up. In fact, if anything, bitcoin is probably much popular within the youth in these underdeveloped countries then in Europe because the need of an alternative of fiat etc. is there so people will eventually find bitcoin.

I ran some test with google analytics a while back (maybe 2-3 months) and found that there was a huge amount of searches in nigeria and some other sub-Saharan countries, do you know if there is a lot of adoption happening in those countries?

Also I think that Nigerians were paying a high premium for a bitcoin a while back just like koreans were during the huge run up in late 2017.
18  Economy / Economics / Re: The gap between poor and rich countries, a major impediment to global adoption on: September 17, 2018, 04:20:32 PM
What country do you live in?

If I were you I would see this as an incredible entrepreneurial opportunity, your English is good and you are posting on bitcointalk. That shows promise.

I live in the USA and I know I would have a tough time pitching bitcoin or other crypto's to people vs the USD, especially to baby boomers who have all their savings/investments in traditional assets.

For you though it probably is not the case, in my opinion you could have a legit business just preaching/teaching bitcoin basics.

In addition, in these countries people have very few aspirations and do not seem interested in matters related to technology.

They may not be interested in the tech, just show them that if they put their native currency into bitcoin or other cryptos how well it would have done in the past 5 years vs. their native currency!

The only barrier I think would be how they would spent it? Maybe there are some fiat gateways in your country that would allow them to?

Venezuela is a great example right now btw.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 17, 2018, 02:04:49 PM
Been trying to stay away from mega threads lately but I just felt compelled to share this, was reading an article on coindesk this morning about the take down of alpha bay and the seizure of all of Alaxander Cazes's assets. From the article they talk about how they pretty much caught him red handed, exactly how they caught Ross with his laptop open and un-encrypted with all the evidence right there.

What I found really interesting was the description of his crypto assets, check out the quote from the article:

"Cazes possessed more than $8.8 million in cryptocurrencies pooled across 1,605.05 bitcoins, 8,309.27 ether, 3,691.98 zcash and an unknown amount of monero"

LOL, an "unknown" amount of monero, yall know he had to have a shit ton but what intrigued me was that they still didn't know how much, does this not show that in practice monero is and will be the most private crypto out there? I like Zcash and Monero but I believe Monero is inherently more private. What yall think?


Here is the article if anyone interested, front page of coindesk today, good read:
https://www.coindesk.com/us-court-seizes-lambo-and-crypto-millions-from-dead-dark-web-kingpin/
20  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Market END or MANIPULATION? on: September 15, 2018, 10:39:21 PM
Name: No_more_cheaters
Posts: 1
Activity: 1
Merit: 0
Position: Newbie
Date Registered: April 15, 2018, 09:20:15 AM
Last Active: Today at 10:01:20 AM

 Huh

LoL...throw-a-way account much??

He/She has some heavy bags of ETH, no doubt

It is possible there is manipulation yall, the big dip to $180 was only AFTER bitmex introduced the eth swap and Arthur Hays says "Hey, this is your best chance to punt ETH", what he meant by that can be interpreted many ways...

https://www.trustnodes.com/2018/09/12/bitmex-accused-of-manipulating-ethereums-price

But as for ETH's future?....there is literally billions of dollars of ICO money built on top of the platform. That alone would help me sleep at night if I had a big bag of ETH.
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