What is the best thing to do now?
The best thing to do now is to hold that ETH stash of yours unless you see the price of it still being profitable for you. As for your mining equipment, put it into better use by mining other profitable coins that can be mined now. Since you are a miner, you should know what coins are profitable to mine now. If you can't find one, only by then you will turn off your equipment to save money from electricity.
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So I'd really love it if someone could come onboard and help me create a version of Ethereum that we can also create a very easy-to-use app for. I'm also interested in the idea of a basic income and would like to implement this in the currency if possible.
If you are looking for someone to come onboard and help you in creating a token, I believe you should post another thread in marketplace or marketplace(altcoins) section if you will pay for their work. Also, I think the idea of a basic income on your own token would be highly unlikely because the only way for you to have an income is to conduct a pre-sale or ICO(which would give you tremendous profit but not basic income) not unless there is a great deal of demand for your coin(which you will have to work on for now).
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their github was created 2 months later, So they were up to no good . They joined github at February 25, 2018 and created their announcement thread at December 23, 2017. IMO it is not enough proof to accuse them of such things because github is only used for sharing programs and source code, development can be done without it. Creating their github account at February is justifiable because it is stated in their roadmap that they have launched their Cryply core and GUI wallet at Q1 2018.
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Exactly blockchain doesn't servers any purpose if it used in a centralized way. What I would like to see is smart contracts being run on a public controlled blockchain. The governments are not ready to trust the people who are running the network, yet...
I think it is better if you will rephrase your last sentence in the quote as governments not being ready for reform yet since they don't want to part with their corrupted voting system and is not ready for honest, manipulation free election. IMO, the thing you would like to see would not probably come to pass unless someone will decide to work for its implementation.
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Can you please further elaborate about your platform? As I can see, your demo product can be used on polls but is it limited only on that? Can the demo product be used on nationwide voting in the future as well(on democratic countries)? Also, what makes it different from online poll platforms if some of them already offers anonymous voting without the need of blockchain implementation?
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When/if I decide to actually try this. I'll report back. This leaves me thinking that my idea is kind doomed from the start.
You would not remember your lost wallet's seed using hypnosis but at least you will remember what type of wallet you have used to access that wallet but the chance of you being able to open it easily after hypnosis is still pretty low. I'd suggest that you give up on the hypnosis idea and try other means to recover your wallet.
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It’s me or it’s really scary ??
It is really scary because the risk of identity theft is so high. Even if their ICO has succeeded, you still do not have a guarantee that they will list on good exchanges and get good price thus increasing the risk of the team selling that information out. Also, if they(or their google spreadsheet used in filling up KYC) got hacked then that personal information will also be compromised.
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That's a good one especially when you realise that 'bitcoin' as a coin, doesn't even exist in a digital form. There's no string of ones and zeroes you could point out and say "there it is! there's my bitcoin". Only entries in a ledger...
At least you can point out the transaction details on blockchain and you can also point out your wallet the same as showing them how much money you have on paypal. "Can you say, have BTC (virtual currency) if it can't be touched or smelled etc? And if it dumps in the future to zero....did it ever 'really' exist or was it just a futile virtual hope?
If it dumps in the future to zero, I guess you can say that it was just a futile virtual money instead. At least you can use it now to buy things online more conveniently without the need of revealing your credit card details to third party websites.
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A decreasing correlation IMO is not a good indicator for a rally. In fact, most of the traders don't even pay attention to correlation coefficients. Most of them focus on determining the current market sentiment(which I believe is biased on the site you have linked OP) and news. Even if correlation coefficients go down, I would not swap my altcoin portfolio to bitcoin unless I see it profitable to do so.
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At this day, every ICO sounds fishy because of their enormous failure and scam rates, so when you add some futuristic ideas that have been only theoretical for so many years, the level of suspicion only increases.
Adding some futuristic ideas that have been only theoretical for so many years now on blockchain would not increase the level of suspicion since IMO it is normal but what increased it is the fact that he is offering it as a product on ICO whereas a vote in a democratic country should be free for all and not as tokens that a citizen should buy.
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You are in the right direction OP and now all you need to know is how to convert it into fiat easily on your country. Would you mind telling us where do you currently reside in? For now, my suggestion would be to sell your bitcoins on localbitcoins since it works in most countries. Take a look at Blockchain.info or Coinbase. I don't remember if they force their users to pass through KYC but using one of these services will be much easier for you than looking for a Bitcoin ATM in your area or creating an account on any other exchange.
As far as I know, Coinbase asks users to comply with KYC and that bitcoin to fiat conversion method for Blockchain.info only works in the USA.
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IMO there are no good tips for investing in ICO that will lead you to profit 100% since a good concept and design is not enough to make an ICO succeed. Investigate their team member and everything related to project won't do you any good either if the team has no records in the past. I suggest that you better not listen only to one user's tip, but try to follow everybody's tips as much as possible.
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I am from Dubai, we have here a website called Bitoasis, but am hesitant, I have a feeling that many exchanges will refuse buying my BTC for real cash WHEN BTC hits huge numbers 30-100k $...
I think the best exchange to do just that is localbitcoins, that is if someone is willing to buy bitcoins to you at that price. That being said, I guess a better course of action that you can take is to temporarily convert your bitcoins into USDT or any other stable crypto wherein its price(in USD) rarely moves when such scenario happens again and then convert it back to bitcoin after it has dumped.
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Why not create a blockchain project that focuses on teaching or educating Africans to earn for themselves(for example an online schoool using blockchain as it's backend)?
They hardly get a reliable internet connection in Africa. That's just an example and if OP here is really serious about developing a new blockchain product to solve an African problem, he, together with his few partners can find a way for Africans to access their product with ease. They also might be able to gain more supporters that can help them achieve what they want to do even if the internet is intermittent there.
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Like what Lao Tzu once said, "Give a man a fish, it will feed him only for a day. Teach a man to fish, and feed him for lifetime". Why not create a blockchain project that focuses on teaching or educating Africans to earn for themselves(for example an online schoool using blockchain as it's backend)? That way, you and your partners wouldn't only be helping them to get by for the day but for lifetime. It might be hard but I am sure someone out there can pull this off.
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Then their ultimate bottom on the way down was the psychological $10,000 mark, then $8000, then $7000 and then $6000. People can act tough all they want, but they were doing nothing but playing the guessing game.
Everyone is playing the guessing game with bitcoin I guess since no one had constantly predicted bitcoin price trajectory in short-term accurately. Sooner or later, I am sure that someone will be like the guy mentioned by OP during the next bull run since no one can accurately know when the next one would occur but my guess is that it would occur again after the next halving.
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It would be hard to accurately predict what bitcoin will become in a decade. For now, I'd say that bitcoin is either mainstream and is used by many people at that time to buy goods and services offline and online as well or vice versa depending on the events in the future and some planned events now that might greatly affect its development in the next decade to come.
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That depends on the altcoin. Smart-contract and privacy cryptocurrency have bigger user than you think.
The number of real users on smart contract and privacy focused cryptocurrencies are smaller than you think. Looking at statistics, there might be many people using those coins you are referring to but most of them use it merely for speculation. I wouldn't count those who use privacy focused cryptocurrency and erc20 tokens contract to speculate as users if I were you.
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Anyway, I don't believe that coin market cap always list the coins based on fundamental value. CMC and other listing sites or even most of the exchanges now a days list a coin based on hype, pump-and-dump.
Are they really listing based on hype? I thought they are listing the coin's rankings based on its market cap and trading volume(take note that not all coins listed on rankings are manipulated by hype, one example of which is dogecoin which is currently on top 30). Are there any others that are backed by more than empty promises?
I believe there are none. Most of the altcoins nowadays might have a working product but only a few people use it or none at all.
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Does someone have an idea if I could open an account overseas in the country of my choice, particularly in Europe ? That will be my perfect solution I need.
Your best shot at that is to open a paypal account and link your bank account in your paypal. After which, buy some bitcoins using the funds you will transfer to your paypal account. Another roundabout way to do it is to ask someone you can trust and is a Europian citizen to open a bank account for you to use on bitcoin-related things. It is risky but it is worth a shot.
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