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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO]COSS Token Swap ICO is LIVE
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on: December 03, 2017, 06:19:51 AM
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I saw today in the telegram group they are saying SUNDAY there will be some UI FACELIST which will help to grow COSS exchange to more popularity. I am hoping that in a few days things will pick up and do good for the token holders. The COSS Team is working non stop so I do believe this project will succeed, just may take some months for it to reach it's past ATH.
Maybe that's the reason why the price is rising.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Royal Kingdom Enterprise ICO
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on: August 21, 2017, 05:49:20 AM
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Some suggestions to the exchange feature - The Total ETH field should be editable and auto compute the Amount of RKC - The "Available Balance" amount should be clickable and auto place it in the Total ETH field. - If you clicked the Buy/Sell Orders price, the price should be auto place in both Buy/Sell Order field. - Add Cumulative Total in Buy/Sell Orders. More power to this project and cheers
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12
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!
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on: August 11, 2017, 11:56:13 AM
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There's a bug in showing the total balance in giga-watt profit rented. The total profit balance is showing only the cumulative of last 10 hours earnings.
Did you manage to rent out tokens? Yes, it's like switching on and off, it's automatic rent out if on. I wonder how they will work this out. For instance what would happen to the miners thats renting from you & the space are full. Will they shut down the machine & leave it homeless? Lack of info and options on the website, icons has no tooltips, no info about your token if rented or not, it sucks.
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16
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
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on: June 14, 2017, 08:57:37 AM
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I will just start boldly. The Bancor business model is pretty close to a scam. I am sure you will not take my word for it, because this is my first post. In fact, I made this account because I find it bizarre that no one is talking about this. Let's be honest, which one of you truly tried to comprehend their mathematical proof? Not a single person who invested at least, because otherwise they would not have wasted their money. I will try to explain a little. They collected pretty close to 400k ether. Essentially what they do, is keep .8*400k ETH = 320k ETH to themselves, and call the remaining 80k reserves. They will express this 80k in a different coin, called BNT. They assign 100 BNT to 1ETH that they received. That means there is 500BNT for every 1ETH in the reserves. Essentially, if everyone would want to convert their BNT back to ETH, they would get 1/500 ETH per BNT. Wait you say, in the white paper it says that the starting price of 100BNT will equal 1 ETH! This is true, this is where the mathematics uses a trick to hide what is going on. Their pricing formula, P=R/(S*F) ensures that the first BNT sold will be sold at a 'fair' value, namely equal to the amount of ETH you spent to buy it in the first place. After the first sell, things get worse rather quickly. Let's illustrate this by a little example: Lets say that 10% of people who own BNT sell it back to ETH via the smart contract. For the initial price we get: P = 80k/(40m*.2) = 0.01. All looks fair. Then after the sell we get 40m*10%*0.01 = 40k, P = 80k-40k/((40m-4m)*0.20) = 0,00556. Ouch, the price almost dropped to half value from the 10% sell-off (this is different if there are many small transactions but I will get to that later). If people buy the same amount of BNT, this is what happens: P = 120k/(44m*0.20) = 0.01364. The increase in price is not nearly as interesting for the next person. But again, this will be lower for many small transactions. I created a plot assuming transactions are made in small batches of BNT coins. We find that the BNT value drop VERY quickly when people start selling, and does not rise nearly as fast. Essentially this just makes BNT an undesirable coin. Another weird thing about their system is that it does not consider convexity. This means that big transactions will get very different prices than many small ones. This just does not make sense, but they don't care as they simply took your money. http://imgur.com/a/f9yLyIf you are still not convinced, consider this. They literally admit to taking 80% of your money. All they give back is some mathematical trick based on 20% of the ether that you gave them. Do you really believe they just generated x5 value out of thin air? Sorry, but math does not work that way. I would recommend getting rid of your BNT asap, or you end up all the way on the left side of the graph. I am sorry that this news comes a bit late for some of you... I didn't read their methodology until last night Sad Maybe now you can start to add up why the ICO was strange in various ways. As final words, don't just believe whatever I say. Think about it for yourself. I gain nothing by convincing you of whatever I write here, I am simply sharing thoughts. We bought into BNT not ETH. If we wanted to buy into ETH, we would have simply kept our money in ETH. It is no secret that 80% of the ETH will go towards the BNT project’s development and 20% will be kept as a reserve to ensure a minimum value per BNT. This doesn’t automatically make BNT worthless or the business model a scam, because we’re buying into Bancor’s potential (good or bad). "Essentially, if everyone would want to convert their BNT back to ETH" - Why would we all want to convert our BNT back into ETH, especially at this stage? i dont need complicated formulas, i payed 1 eth that is around 350 euro for 100 bnt, so i need 1 bnt to have a worth of 3.50 to breakeven, everything above is my profit, this coin will go to 10$ faster than you can say money so im all good plus its a revulotionary project that i SUPPORT plus i make profit. some people think theyre so smart but they dont see the obvious It's now trading around 0.031 btc or $85 per BNT https://hitbtc.com/exchange/BNT-to-BTC
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Economy / Service Announcements / Re: [ANN] Cryptolend.net - Automatic online lending
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on: June 11, 2017, 03:42:09 AM
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Hi pornluver, Please be very careful with our Bitmex strategy. It is not Margin Lending at all, but Derivatives. We advice you to read carefully about this, and be sure to understand fully the mechanism and its consequences. Read again the Bitmex blog post from our help on Bitmex and its references. You will change your BTC into USD equivalent (short XBTUSD) and will earn funding interest only on USD equivalent. Please also monitor closely the Margin call price and leverage. Our bot will not take care of this part. You may lose your capital or earn negative interest, depending on your strategy and on the bitcoin trend.
What does. 46 unrealized pnl mean? Anyone else tried this? I put 1 btc there. If I close now will I have only.5 left? Your system said total gain is. 05 btc. Then it says -. 46 btc unrealized pnl just for today. Anyone tried putting 1 btc for 1 year? Yes interest is negative once in a while. I do not mind. I worry that I am shorting btc effectively It seems that shorting xusdbtc means I lost money if btc price goes up. It went up and I have tons of - pnl now. Great Oh boy. Shorting means betting that btc will drop. BTC went up and there goes a lot of money. Wow. Interesting. I stopped lending and have .55btc. I think you should make your warning more clearly here. If we use bitmex we don't just get higher interest rate. we also bet against btc!!!!!!! this may not be bad. Say you want to buy btc and hedge it by shorting future. However, this one is for expert. This stuff is good if you want stable income without knowing btc will go up or down Ha ha ha ha ha.... Yeah, the better strategy is hold and reinvest the interest earning and someday bitcoin price will plummet eventually.
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