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8961  Alternate cryptocurrencies / Altcoin Discussion / Re: CryptoKingdom Uncensored on: August 30, 2017, 12:25:26 PM
I think Speed's plan included an item for 'legal', and I would not be comfortable doing anything that would attract unwanted attention also. If the CKO was issued to players without any 'sale' then I think it would be ok, but always better to get that confirmed by an expert.


Quote
There are three tests to determine when an investment contract is a security. They are:

Is it an investment of money?
Is it in a common enterprise?
Are its profits to come solely from the efforts of others?


This definition comes directly from the language of a United States Supreme Court decision in the case of United States v. W.J. Howey Company in 1946. The words from the decision were; "The test is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others."


Do all three tests have to be passed or ticked to qualify the investment is a security? I mean, what if 1) yes investment of money 2) yes common enterprise 3) no, profits also come from your own effort.

If all three tests must score yes, then actually it is easy to make it NOT a security. Just make the system require effort from you also to make profit. You MUST update portfolios and surveys each payment to contribute to statistics, etc.
8962  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I need your advice, please on: August 30, 2017, 12:18:16 PM
My friend, I don't think you should be asking for advice or listening to it on this forum. You have 10k Euros, why not just buy Bitcoins and keep them while you learn more about alts. Buy it after you have made your own research. If it takes time, do it anyway. You will find Bitcoin will be higher when you have made your decision.

Also, you need BTC to buy most alts anyway!
8963  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Looking for people that use Ethereum | 0.05ETH for 5 minutes of work on: August 29, 2017, 07:50:42 AM
I am an ETH user. I use my own wallet with private keys as I also store ERC20 tokens with an address. I would be very happy to test out this service with my weis. So I would like to apply to test the mixer. However, the min is 0.1 ETH plus fees. Will you be able to pay 0.05 plus fees to make up for the mixing fees? If not, I am still interested. Just asking.
8964  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW) on: August 29, 2017, 07:45:54 AM
Overall, I like existing projects with existing work,,, most important of all existing people who do things before any nonsense ICO. The business model is average, do you have examples of work in the countries with no banks? You say 1 LakeBanker services 20, so you have 2,000 means you have 40,000 people serviced?
8965  Alternate cryptocurrencies / Altcoin Discussion / Re: Pre-ICO bonuses on: August 29, 2017, 07:29:37 AM
Absolutely agree. I think yes, early adopters should be rewarded, but there must be a different way. Maybe they can think of better incentives other than ICO bonus which is crap. 5% or 10% is fair enough but to have more than 20% is just a really bad deal.

Zero fees. Pool of 1% that all 1st day investors share. Priority transactions. Whatever. Just stop ICO bonuses.
8966  Alternate cryptocurrencies / Altcoin Discussion / Re: The Decentraland project collected $24 million in 35 seconds on: August 28, 2017, 03:38:17 PM
The sure thing is that Decentraland founder has a lot of connection to real estate investor, the same things happens with buildings developer from all over the world the first thing is that they will ask their friend to buy a room/suite/whatever in their newly built apartment for couple of dollars down payment then they will announce that their apartment is selling fast thus attracting real consumer.

So these 7,000 investors were mainly real estate people? Real estate people are also good at crypto? I doubt it. But I think every ICO that has this type of whale buying in less than one minute is just a form of manipulation. Just a few people trying to cash in on an ICO. But let's see. Time will tell.
8967  Alternate cryptocurrencies / Altcoin Discussion / Re: How about `HCash on: August 28, 2017, 02:40:51 PM
Seems it's not a good project, I actually don't understand what does it say.

It's doing ICO now, and only received 30BTC for two days.

I was about to say it looks interesting. I did not realise about sidechain projects until this. Maybe I have gone missing too long to gain a correct understanding but,,, other than technical difference of side-chain and chain, there is no other problem right? In fact, seems better than some token project where the token is the only thing crypto related!
8968  Alternate cryptocurrencies / Altcoin Discussion / Re: Moncaco (MCO) - has been grabbing big attention recently! on: August 28, 2017, 07:33:24 AM
Monaco has been under the attention of big time traders and investors recently after news of a card system, an app and VISA APPROVAL! Anyone have any advice regarding how to approach trading , best times to buy and sell etc..  ? Smiley
VISA approval should be the main concern, i think that if this is the best time to sell your coin if you are holding some mco token. The traders will always be buying in the rumour and sell for the news. That just like a rule when you wanna take the profit through doing a trade. That was being a mandatory for every traders.

But how do you know rumour from news? Monaco has a 31 August dateline for the launch of this card. Is this considered rumour? If so, then people who bought at ICO did not get a good price move judging from the history on coinmarket. Do you mean buy on good rumour and sell on bad news?
8969  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Waves in December! on: August 28, 2017, 06:08:51 AM
You know, this is the problem with alts. Sometimes, I look at an alt. I think to myself, hey, actually it looks like a good deal. Very nice GUI. Team looks capable. Many ICOs choose it. And I think I will buy a bit of it to invest.

Then I see these people come in and talk about it x10 or x100 etc. You sometimes see Bitcoin having the same but not the frequency of altcoins. Then I look away from the alt.
8970  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BCH, rise or fall? on: August 28, 2017, 05:59:01 AM
BCH features cause it to be one of most successful altcoins. Existence of free BCH doesn't let the price rise very much. Beacuse after any little increase in price, there are lots of people dump their coins. But I am sure that BCH future is really great. For now buying BCH and holding them is a very good choice.

It is not one of the most successful altcoins. Not even one month so too soon to call. In fact, if you think about the expectations of its creators, you should say it was a failure. Judge this by the price offered on exchanges when deposits did not open yet. And then what happened when it finally got traded with deposits.
8971  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Dmarket - the worlds first decentralized, cross-game marketplace. on: August 27, 2017, 09:50:42 AM
A blockchain project aiming to create a marketplace for virtual gaming items has raised more than $10 million in an initial coin offering (ICO).

The ICO for DMarket, which began last week, collected 26,935 ETH – an amount worth roughly $8.9 million at current prices – as well as 365 BTC, valued at approximately $1.5 million. And though DMarket's website doesn't list the number of contributors, it states that the sale drew 4,827 transactions over the several-day period.

https://www.coindesk.com/10-4-million-game-item-exchange-dmarket-raises-new-funds-ico/
Hi! We are very impressed with the enthusiasm of our investors. On our website, you can see that we had 4 890 transactions. Together, we made the future of an in-game economy closer!

Well done, DMarket! Will this impressive figure affect how the second round of crowdfunding will take place three months from now? I myself am gearing up for a possible significant contribution to the November round. Unless tokens hit the exchange market and I am able to swipe some from there from the early sellers.
8972  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: August 27, 2017, 08:50:41 AM
It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
It maybe or maybe not. In fact, nobody knows what happen in the near future, just as long as the demand of the community unto bitcoin together with the whale investors is continuous  go up, that is very much possible in 2022 many by that time are bitcoin users I think.
There is no way that Bitcoin can destroy the FIAT system, what i believe bitcoin will do is that its going to make Banks lose lots of their customers, with their outrageous fee's, Its not surprising that lots of Banks are losing their customers to cryptocurrencies especially bitcoins, you will see your money gain profits you wouldn't otherwise get when you put them in a bank for a whole year.

Yeah, and that is anyway not the purpose of Bitcoin. Paper money. And even metal money never meant to kill barter trade. Barter is still alive today in many societies. I am 110% sure fiat also still has its own uses and will be around for a very long time. I like fiat too, for convenience. I also like Bitcoin. They can coexist. Why not?
8973  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How long do you hold? on: August 27, 2017, 08:09:02 AM
Well there is no certain answer to that but generally i am a kind of person who likes to take risks. So if a coin is on a up trend i usually wait for it reach it's peak to sell it. Sometimes that made me lose money but still it is the way i do it.
All in all it's better to invest in a longterm investments and be patient.

I guess I am the sort of same type of risk taker. But so far, I am making a lot of mistakes. I see a coin on an up trend but I mistake it as a move, ends up being a very very long pump. I see a coin go down and think stay away, turns out was a dump waiting for pump. But yes, for my last mistake, I did not sell. I just hold it and wait for it to reach another same pump. Long-term but seems this is the only way like you said.
8974  Alternate cryptocurrencies / Speculation (Altcoins) / Re: $HSR : The Chinese Dash and ZCash on: August 27, 2017, 07:53:49 AM
Why is it called the Chinese Dash and ZCash? Just because of the same protocols and similar "anony"-use? Just because it is run by Chinese people? I am also, dying to know how the posters here who talk about being the first to open threads, do it. I also want to know about new Chinese coins. Care to help each other?
8975  Alternate cryptocurrencies / Altcoin Discussion / Re: TenX vs. Monaco on: August 27, 2017, 07:50:50 AM
As most people have mentioned, I would go with TenX too. They have lowest fees compare to Monaco and other similar tokens, they're due for a pump in the near future. Monaco had a good run but I don't see it going anywhere and it's looking shaky at this point.

Monaco had a lot of issues especially after ICO ended. TenX is only about lower fees? Both talk about a product neither have yet, 31 August we will find out if Monaco meet the deadline. But other than that, everyone has a debit card. The real winner will be the one who can provide Virtual debit card. Disposable, one-time use. Now if you have that, that's the real killer.
8976  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 1 BCH = 1 BTC before end of august? on: August 26, 2017, 06:32:08 PM
Bitcoin cash is trying so hard. It says it is the real Bitcoin. It says you don't have to wait so much. It has so much political support and so many parties trying to hold up the price. It is more profitable to mine, etc. But it is still an alt. And it still needs to be traded for Bitcoin. It won't reach half by end of August or by end of 2017. If that is true, then buy all the BCH you want and hold while BTC keeps going up.
8977  Alternate cryptocurrencies / Altcoin Discussion / Re: Invest in ICO on: August 26, 2017, 06:10:59 PM
Better invest in an ICO with an existing product, but it is not the only thing that counts..
There needs to be a big team behind, with a serious project,and with a well-defined road map
However, the best ICOs end in a few minutes..  Roll Eyes

Not necessarily. That's good advice for normal investment but ICOs follow no rules. Product, big team, road map. Look at Humaniq, Bancor etc.

And the best ICOs end in a few minutes? Have you taken a look at Bancor or even SONM? They're all crying now.
8978  Alternate cryptocurrencies / Altcoin Discussion / Re: Enigma Hacked; Over $470,000 in Ethereum Stolen on: August 26, 2017, 11:53:02 AM
The hacker tried to sell about 200k of the stolen ether on an exchange and it was caught and frozen. Kind of a dumb move.

Sounds like Enigma is planning to reimburse the people who were tricked. I'm glad for those people, but I hope they know how lucky they are in this circumstance, and I hope they will be more careful in the future since this sort of thing seems to happen a lot.

This shows that doing crime with crypto is not a walk in the park. If you steal millions you will get caught sooner or later... the amount of mixing and so on that you would need would drive you insane. I prefer to not commit any crimes and just do it the right way and be able to sleep at night.

The only time I mixed coins I did it to test it out and see how it works, but im not going to mix my coins because you never know if you are getting tainted coins back from the mixture.... like it or not, fungibility in BTC sucks.



I must agree that these guys are very lucky that they will be refunded. How many times have hackers stolen stuff, and people are just left alone in the dark. Hopefully the makers can contact the people holding these frozen funds. I think this is a lesson also. If ICOs can have preagreements for escrow or multi sig wallets that are only sent to investors, this will make it extra difficult to be fooled.
8979  Other / Off-topic / Re: What is more profitable: a gambling site or a dating site? on: August 25, 2017, 10:57:32 AM
Gambling sites = auto profit but only after a long period of calculation, thanks to profit model based on house edge and calculcated maximum risk.

Dating sites = auto advertising profit but only if you can attract a lot of REAL users. 100s of dating sites but fake profiles =  bad reputation and losing customers. Then if you add in adult model, with private pay, then that is where the money is.

8980  Alternate cryptocurrencies / Altcoin Discussion / Re: Fate of Bitconnect on: August 25, 2017, 10:18:32 AM
I think one of the biggest explanations for this was the simple BCC confusion. A lot of people thought they were buying up Bitcoin Cash since they shared the same BCC ticker. Then those who made mistakes sold it anyway for profit and Bitconnect profited from that.

I never heard of Bitconnect until 1 August actually, this is a funny world of crypto hehe.
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