Ekha nhuerma
Newbie
 Offline
Activity: 3
Merit: 0
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October 25, 2017, 04:29:17 PM |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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haxllega
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October 25, 2017, 04:30:04 PM |
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There, the article even says that UTRUST is superior to Paypal. It's probably premature to say so. Imho. UTRUST is definitely superior to Paypal because it has great features that Paypal doesnt have. I agree with you, UTRUST has some unique features compared to Paypal but so far these are only ideas. UTRUST still has to prove itself and it's still a long time until platform release. We all need to keep in mind that the ICO's we are investing in, are actually just business plans. Some of them have a demo but most of them have almost nothing but a website, a Whitepaper and some promises. Utrust has a very nice business plan and they seem to advance but they are nowhere production ready yet. I do still believe in the concept so that is that. As you said, investing in ICOs is always risky, a bit like gambling. There are projects, that won't hold their promises and others, where you wish you would have invested more money when you look back. I hope Utrust can be the latter but you never know. If it wouldn´t be like that everyone would invest in the same companies and than it also wouldn´t be that good. So, come on...  But that's the same on the bond market you can also be not 100% sure that a company is successful. Investing is always not 100% secure. |
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Affilate User
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October 25, 2017, 04:57:53 PM |
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Take a look at the signature campaigner for UTRUST, about 500 people participate in supporting this project, and I also post frequently on this thread, not to mention other participants who post here, so 250 sheets is a natural thing |
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mike0182
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October 25, 2017, 05:03:01 PM |
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There, the article even says that UTRUST is superior to Paypal. It's probably premature to say so. Imho. UTRUST is definitely superior to Paypal because it has great features that Paypal doesnt have. I agree with you, UTRUST has some unique features compared to Paypal but so far these are only ideas. UTRUST still has to prove itself and it's still a long time until platform release. We all need to keep in mind that the ICO's we are investing in, are actually just business plans. Some of them have a demo but most of them have almost nothing but a website, a Whitepaper and some promises. Utrust has a very nice business plan and they seem to advance but they are nowhere production ready yet. I do still believe in the concept so that is that. As you said, investing in ICOs is always risky, a bit like gambling. There are projects, that won't hold their promises and others, where you wish you would have invested more money when you look back. I hope Utrust can be the latter but you never know. If it wouldn´t be like that everyone would invest in the same companies and than it also wouldn´t be that good. So, come on... But that's the same on the bond market you can also be not 100% sure that a company is successful. Investing is always not 100% secure. Investments in general are always associated with risk, just need to be able to minimize risks and choose the most promising objects for investment and I think that one of them is Utrust. |
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kraterion
Full Member
Offline
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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October 25, 2017, 05:16:11 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people  |
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the_donald
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October 25, 2017, 05:27:08 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people they're gonna be competitors man. both handle payments. that's not a bad thing by the way. |
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Elkmar
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October 25, 2017, 05:34:07 PM |
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A portion of the transaction costs is burned which further reduces the number of token ustrust and allows their value to grow in addition to their production limitation.
This kind of system is good for the token value. |
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oblongspeech
Newbie
Offline
Activity: 6
Merit: 0
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October 25, 2017, 05:44:46 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people they're gonna be competitors man. both handle payments. that's not a bad thing by the way.
just click and look at last few post. https://bitcointalk.org/index.php?action=profile;u=1105510;sa=showPosts same applies to 90% of the profile on the thread just randomly click anyone and view their post history |
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bitcoin-shark
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October 25, 2017, 06:01:40 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people they're gonna be competitors man. both handle payments. that's not a bad thing by the way. i think they can coexisting both without competing, paypal for fiat payments if they lower commissions and utrust for crypto part, they could divide the market without competing... |
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Sozialtourist
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October 25, 2017, 06:03:34 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people they're gonna be competitors man. both handle payments. that's not a bad thing by the way. They are both payment options but imo they are not direct competitors. Someone who wants to pay with Cryptos won't think about using PayPal, someone who wants to pay with fiat money, cannot use UTrust |
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sockpuppet1911
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October 25, 2017, 06:32:43 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people they're gonna be competitors man. both handle payments. that's not a bad thing by the way. i think they can coexisting both without competing, paypal for fiat payments if they lower commissions and utrust for crypto part, they could divide the market without competing... Naturally they can compete. Competition enriches the whole environment and lowers prices. |
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haxllega
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October 25, 2017, 07:24:23 PM |
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A portion of the transaction costs is burned which further reduces the number of token ustrust and allows their value to grow in addition to their production limitation.
This kind of system is good for the token value. Fewer coins and more demand will lead to an increasing price of the tokens. I hope they will get a big userbase as fast as possible. |
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Trrrt
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October 25, 2017, 07:39:06 PM |
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I think the user base Will grow fast, just look how the community behind Utrust is big and continue to growth. The Utrust team handle the communication pretty nicely, and people really enjoy the project, I think there will be no problem to have a lot of users when i see the future utility of Utrust.
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kraterion
Full Member
Offline
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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October 25, 2017, 07:47:13 PM |
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A portion of the transaction costs is burned which further reduces the number of token ustrust and allows their value to grow in addition to their production limitation.
This kind of system is good for the token value. Fewer coins and more demand will lead to an increasing price of the tokens. I hope they will get a big userbase as fast as possible. Final supply will be 100,000,000 tokens ? I read it somewhere, it will take many years of course, more fees (= more transactions) means less time to achieve that |
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cmg12
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October 25, 2017, 07:54:29 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people they're gonna be competitors man. both handle payments. that's not a bad thing by the way. i think they can coexisting both without competing, paypal for fiat payments if they lower commissions and utrust for crypto part, they could divide the market without competing... Naturally they can compete. Competition enriches the whole environment and lowers prices. Competition is good for everybody (of course besides monopolists) and if forces to improve products  |
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sportsman18
Member
Offline
Activity: 76
Merit: 11
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October 25, 2017, 07:59:11 PM |
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A portion of the transaction costs is burned which further reduces the number of token ustrust and allows their value to grow in addition to their production limitation.
This kind of system is good for the token value. Fewer coins and more demand will lead to an increasing price of the tokens. I hope they will get a big userbase as fast as possible. Final supply will be 100,000,000 tokens ? I read it somewhere, it will take many years of course, more fees (= more transactions) means less time to achieve that According to Rudy, the fastest possible is 18 years if the ICO sell out. |
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FIEX
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October 25, 2017, 08:10:28 PM |
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Long Finance — Digital Currencies Trade Fair 23rd October, London, United Kingdom How was this event? I'm always interested in some pictures from events or video's about presentations. It would be nice if you shared some things about the events you guys visit. Keep spreading the word |
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Sozialtourist
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October 25, 2017, 08:13:14 PM |
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A portion of the transaction costs is burned which further reduces the number of token ustrust and allows their value to grow in addition to their production limitation.
This kind of system is good for the token value. Fewer coins and more demand will lead to an increasing price of the tokens. I hope they will get a big userbase as fast as possible. Final supply will be 100,000,000 tokens ? I read it somewhere, it will take many years of course, more fees (= more transactions) means less time to achieve that According to Rudy, the fastest possible is 18 years if the ICO sell out. Yes, 18 years is correct to reduce the tokens from initially 1 billion to the final supply of 100 million with a rate of 50 million/year. |
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haxllega
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October 25, 2017, 08:27:34 PM |
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Long Finance — Digital Currencies Trade Fair 23rd October, London, United Kingdom How was this event? I'm always interested in some pictures from events or video's about presentations. It would be nice if you shared some things about the events you guys visit. Keep spreading the word I am also interested in photos. Maybe you could record a video for youtube from the presentation. I think that's what investors are interested in. |
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greatteager
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October 25, 2017, 08:55:02 PM |
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i think PayPal will enter just after everything get regulated and goes mainstream, so we are talking about few years still.
If utrust will play their game right then they will have a large userbase before PayPal will do anything. It's not necessary a competition, PayPal and Utrust imo can coexist (until cryptos will take over on fiat, but that's not happening soon), one for banks an the other one for people they're gonna be competitors man. both handle payments. that's not a bad thing by the way. On the competition is too early to say, it takes a few years to develop crypto-currency payments. |
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