Ameinias
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Activity: 70
Merit: 10
POSWallet Support
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May 18, 2016, 09:56:37 AM |
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Loyd
Newbie
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Activity: 37
Merit: 0
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May 18, 2016, 10:39:23 AM |
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Respect for the dev team, quick and perfect justification.
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twostepsally
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May 18, 2016, 11:28:41 AM |
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Can someone explain the utility of creditbit.
Thanks
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BitcoinExpert
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May 18, 2016, 11:48:28 AM |
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Can someone explain the utility of creditbit.
Thanks
It's the same with the utility of bitcoin with some improvements |
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danandanderson
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May 18, 2016, 12:09:51 PM |
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So one could say that crbit is bitcoin 2.0 ?
The only thing missing is adoption..
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Psi
Legendary
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Activity: 1022
Merit: 1000
[center][table][tr][td][url=https://trustdice.win/
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May 18, 2016, 12:18:55 PM |
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Can someone explain the utility of creditbit.
Thanks
I'm no expert, but its fast, regularly, deposited and confirmed, before I close email confirmation from exchanges. That will help in adoption as almost instant transactions are what its going to take to be used by more people and business. Wallet is good and developers are active. |
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justtryme90
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May 18, 2016, 03:53:06 PM |
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Can someone explain the utility of creditbit.
Thanks
I'm no expert, but its fast, regularly, deposited and confirmed, before I close email confirmation from exchanges. That will help in adoption as almost instant transactions are what its going to take to be used by more people and business. Wallet is good and developers are active. CRBIT struggles with the same problem that all altcoins have. What do I use it for? Until someone comes up with a situation where you can only purchase something with CRBIT or CRBIT needs to be used, it will be difficult to spur adoption. As people really need to want to use it. Sure people can speculate on it, but speculation really is only good for pump and dump, and not real value. For BTC originally this was done (unfortuantely) with drugs and Silk road. People could only purchase their drugs through silk road if they had BTC, so people had to get it. Thus adoption happened. Because of this being so successful people started asking what else can I buy with my BTC? Silk road was shut down, but a lot of people had it and it worked well enough, so its become what we have today. What will be CRBIT's silk road? (it doesn't need to be drugs or anything like that) but what will be the service that makes people go, hey I have to get CRBIT to use this, so I will. The technological superiority is one thing, but its not enough to really drive people to use it. |
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danandanderson
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May 18, 2016, 04:14:46 PM |
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So you suggest pump and dump or creating its own ,,silk road,,?
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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May 18, 2016, 04:30:02 PM |
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Can someone explain the utility of creditbit.
Thanks
I'm no expert, but its fast, regularly, deposited and confirmed, before I close email confirmation from exchanges. That will help in adoption as almost instant transactions are what its going to take to be used by more people and business. Wallet is good and developers are active. CRBIT struggles with the same problem that all altcoins have. What do I use it for? Until someone comes up with a situation where you can only purchase something with CRBIT or CRBIT needs to be used, it will be difficult to spur adoption. As people really need to want to use it. Sure people can speculate on it, but speculation really is only good for pump and dump, and not real value. For BTC originally this was done (unfortuantely) with drugs and Silk road. People could only purchase their drugs through silk road if they had BTC, so people had to get it. Thus adoption happened. Because of this being so successful people started asking what else can I buy with my BTC? Silk road was shut down, but a lot of people had it and it worked well enough, so its become what we have today. What will be CRBIT's silk road? (it doesn't need to be drugs or anything like that) but what will be the service that makes people go, hey I have to get CRBIT to use this, so I will. The technological superiority is one thing, but its not enough to really drive people to use it. I second this post, Bitcoin has its network effect, Litecoin has "the oldest altcoin" crown (which is slowly losing its effect), Ethereum is a platform that acts as a decentralized computer, Dash/Monero are working on their anonymous features... and Creditbit also needs a purpose in order to get the mass adoption needed. There are some altcoins out there that don't have 20% of the infrastructure that Creditbit has, yet they are more valued and more traded than Creditbit. This is one of the things that I never got about Crypto, John Maynard once said "The Market Can Remain Irrational Longer Than You Can Remain Solvent", and I see and experience this everyday, if the markets would rationally act to common sense and fundamentals, I would be a millionaire already. What I am trying to say is that we are happily maintaining the Creditbit repos, but we can't meet all people's expectations, It is up to the community now, you are the value of Creditbit. |
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justtryme90
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May 18, 2016, 05:55:37 PM |
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So you suggest pump and dump or creating its own ,,silk road,,?
Absolutely not pump and dump |
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danandanderson
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May 18, 2016, 07:32:26 PM |
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So you suggest pump and dump or creating its own ,,silk road,,?
Absolutely not pump and dump Agree with you, niche is to be found. That is the best option to go. Since crbit hasnt had crowdfunding or any other funding projects i bet they have very limited advertising founds. So they cant count on getting a certain % of people thru advertising campaings. I thing they should look into sectors that have hard time getting credit card payments like online casinos, replica stores, etc. This kind of buissineses make huge reveneus and would be glad to have stable payment solution. What has to be done is to make people ( buyers on this sort of websites) easily accses crbit coin, meaning that they only register on some website which would than store crbit for them and allow them to buy them directly with ther credit card on the same website. In a way similiar as to what paypal does. |
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justtryme90
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May 18, 2016, 09:17:36 PM |
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So you suggest pump and dump or creating its own ,,silk road,,?
Absolutely not pump and dump Agree with you, niche is to be found. That is the best option to go. Since crbit hasnt had crowdfunding or any other funding projects i bet they have very limited advertising founds. So they cant count on getting a certain % of people thru advertising campaings. I thing they should look into sectors that have hard time getting credit card payments like online casinos, replica stores, etc. This kind of buissineses make huge reveneus and would be glad to have stable payment solution. What has to be done is to make people ( buyers on this sort of websites) easily accses crbit coin, meaning that they only register on some website which would than store crbit for them and allow them to buy them directly with ther credit card on the same website. In a way similiar as to what paypal does. So perhaps to make this idea work, creditbit needs its own coinbase like site. Where people can purchase the coin directly. However someone would also need to have contacts with a few relatively large businesses that are struggling with payment options. It would be great if someone in the community had such connections. |
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justtryme90
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May 19, 2016, 01:05:43 AM |
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I noticed an additional issue: https://explorer.creditbit.org/Lists the total available coins as : 36386.61961239 Which is incorrect. So in addition to no richlist, it mis-reports coins. |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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May 19, 2016, 06:20:47 AM |
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I noticed an additional issue: https://explorer.creditbit.org/Lists the total available coins as : 36386.61961239 Which is incorrect. So in addition to no richlist, it mis-reports coins. There is no additional issues, as you can see the height is also not right because the Block explorer is re-indexing and it won't have an accurate info until it is done doing that. |
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Digitaloldie
Newbie
Offline
Activity: 19
Merit: 0
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May 19, 2016, 11:26:27 AM |
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Hello, I would suggest to use https://bnktothefuture.com for financing projects that CRBIT can be used in. In Bank to the Future you can find the investors needed for CRBIT. |
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Bagwell
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May 19, 2016, 12:49:23 PM |
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Greetings,
The PM, I received quite a few offers. Smaller deals do not interest me, which I immediately wrote.
Due to the fall in prices on the exchanges, now I can offer $ 0.05 / CRBIT.
I want to buy 2-3 million CRBITs only in piece.
Thank you!
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justtryme90
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May 19, 2016, 01:37:16 PM |
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Hello, I would suggest to use https://bnktothefuture.com for financing projects that CRBIT can be used in. In Bank to the Future you can find the investors needed for CRBIT. Legit site? If it is, we should ask them to add CRBIT to their list of things to invest in. |
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justtryme90
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May 19, 2016, 01:38:18 PM |
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Greetings,
The PM, I received quite a few offers. Smaller deals do not interest me, which I immediately wrote.
Due to the fall in prices on the exchanges, now I can offer $ 0.05 / CRBIT.
I want to buy 2-3 million CRBITs only in piece.
Thank you!
Buy from exchanges or get out of everyones hair. |
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recitestores
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May 19, 2016, 02:48:59 PM |
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How to use this coin??? dev, can you tell me what is the function of this coin???
Maybe I will interested and spend some btc on it, insyaallah
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