Rick_Sanchez_H-334
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March 04, 2018, 11:23:50 AM |
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Are you planning on listing on some exchanges? Im asking because I wouldnt recommend it untill ICO is over, some exchanges may try to weaken you because you will become strong competitor.
Kudos for project and congrats on Ismail Malik as advisor!!!
I agree take it slowly you guys! Is there bounty still? |
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hungryforapples
Jr. Member
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Activity: 197
Merit: 2
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March 04, 2018, 12:27:50 PM |
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Are you planning on listing on some exchanges? Im asking because I wouldnt recommend it untill ICO is over, some exchanges may try to weaken you because you will become strong competitor.
Kudos for project and congrats on Ismail Malik as advisor!!!
I agree take it slowly you guys! Is there bounty still? Sure man there's bounty go to their bounty thread and also telegram chat |
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Micheal_M
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Activity: 15
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March 04, 2018, 01:18:38 PM |
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for the past few hours I was looking at some ann threads and I can say that I really don't get it how Bitto doesn't get more attention. There are many many worthless project that people think will magically succeed. But they won't guys, you have to take into account a real life application. It's nice to follow your dreams, but hey - think about this - will investing in Fantasy Video games really pay off? No it won't! (There's a fund fantasy ICO that's been getting a lot of attention but in my opinion it's just wasted time and wasted money).
Crypto startups are businesses, and with businesses you can't rely on some small fan base to keep the value alive.
Please guys support or at least share Bitto Platform because I don't want to see ICOs not get seriously in the business world. Bitto is our good representative in outside-crypto world, not some extremely specific video games niche that will surely fail
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hungryforapples
Jr. Member
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Activity: 197
Merit: 2
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March 04, 2018, 01:40:09 PM |
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for the past few hours I was looking at some ann threads and I can say that I really don't get it how Bitto doesn't get more attention. There are many many worthless project that people think will magically succeed. But they won't guys, you have to take into account a real life application. It's nice to follow your dreams, but hey - think about this - will investing in Fantasy Video games really pay off? No it won't! (There's a fund fantasy ICO that's been getting a lot of attention but in my opinion it's just wasted time and wasted money).
Crypto startups are businesses, and with businesses you can't rely on some small fan base to keep the value alive.
Please guys support or at least share Bitto Platform because I don't want to see ICOs not get seriously in the business world. Bitto is our good representative in outside-crypto world, not some extremely specific video games niche that will surely fail
OMG it's weird how you summed up my thoughts I have these days. The number of ICOs that will fail even before they even start is horrifying considering they have so much support. I'd give you merit for this comment but i have no merit because no one cares about merit lol. Hear that bitcointalk admins? Remove this merit thingy!  |
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Rick_Sanchez_H-334
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Activity: 16
Merit: 0
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March 04, 2018, 02:00:02 PM |
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for the past few hours I was looking at some ann threads and I can say that I really don't get it how Bitto doesn't get more attention. There are many many worthless project that people think will magically succeed. But they won't guys, you have to take into account a real life application. It's nice to follow your dreams, but hey - think about this - will investing in Fantasy Video games really pay off? No it won't! (There's a fund fantasy ICO that's been getting a lot of attention but in my opinion it's just wasted time and wasted money).
Crypto startups are businesses, and with businesses you can't rely on some small fan base to keep the value alive.
Please guys support or at least share Bitto Platform because I don't want to see ICOs not get seriously in the business world. Bitto is our good representative in outside-crypto world, not some extremely specific video games niche that will surely fail
Hahahahaha Fund Fantasy. I'd rather be a public supporter of decentralized porn industry than wasted blocks on blockchain like specific games company. What's their goal? btw |
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zlatan07
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Activity: 112
Merit: 11
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March 04, 2018, 02:33:37 PM |
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Hey, guys I just want to know, are they going to implement mobile application soon. It would be nice to have a mobile application with Bitto latest news and trade option. I'm so curious about the mobile application because I use my phone a lot.
Well the main guy Nicos always says that he likes to underpromise and overdeliver. If he claims that exchange will be launched in Q3 2018, then we can expect mobile apps to be made at the same time definitely. Because once you have a good code for exchange you just need API for iPhone, Android, Windows phone.... It's not writing code from scratch, just making a user interface. I can't wait to see this implementation, Nicos please complete it right now hahhaha xD I'm so curious how will this work in a positive manner  |
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Micheal_M
Newbie
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Activity: 15
Merit: 0
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March 04, 2018, 03:41:54 PM |
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for the past few hours I was looking at some ann threads and I can say that I really don't get it how Bitto doesn't get more attention. There are many many worthless project that people think will magically succeed. But they won't guys, you have to take into account a real life application. It's nice to follow your dreams, but hey - think about this - will investing in Fantasy Video games really pay off? No it won't! (There's a fund fantasy ICO that's been getting a lot of attention but in my opinion it's just wasted time and wasted money).
Crypto startups are businesses, and with businesses you can't rely on some small fan base to keep the value alive.
Please guys support or at least share Bitto Platform because I don't want to see ICOs not get seriously in the business world. Bitto is our good representative in outside-crypto world, not some extremely specific video games niche that will surely fail
OMG it's weird how you summed up my thoughts I have these days. The number of ICOs that will fail even before they even start is horrifying considering they have so much support. I'd give you merit for this comment but i have no merit because no one cares about merit lol. Hear that bitcointalk admins? Remove this merit thingy! Thats what im talking about! Btw whats the bonus for current stage for Bitto??? |
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hungryforapples
Jr. Member
Offline
Activity: 197
Merit: 2
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March 04, 2018, 04:46:09 PM |
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for the past few hours I was looking at some ann threads and I can say that I really don't get it how Bitto doesn't get more attention. There are many many worthless project that people think will magically succeed. But they won't guys, you have to take into account a real life application. It's nice to follow your dreams, but hey - think about this - will investing in Fantasy Video games really pay off? No it won't! (There's a fund fantasy ICO that's been getting a lot of attention but in my opinion it's just wasted time and wasted money).
Crypto startups are businesses, and with businesses you can't rely on some small fan base to keep the value alive.
Please guys support or at least share Bitto Platform because I don't want to see ICOs not get seriously in the business world. Bitto is our good representative in outside-crypto world, not some extremely specific video games niche that will surely fail
OMG it's weird how you summed up my thoughts I have these days. The number of ICOs that will fail even before they even start is horrifying considering they have so much support. I'd give you merit for this comment but i have no merit because no one cares about merit lol. Hear that bitcointalk admins? Remove this merit thingy! Thats what im talking about! Btw whats the bonus for current stage for Bitto??? Minimum Contribution of 1 ETH to qualify for 11.25% Bonus For Contribution of over 5 ETH BONUS (22.5% Bonus) For Contribution of over 10 ETH BONUS (45% Bonus) For Contribution of over 20 ETH BONUS (65% Bonus) |
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LadyNight
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Activity: 14
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March 04, 2018, 05:01:54 PM |
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Why are the PoS tokens better than PoW tokens? I'm asking because Bitto really stresses importance of being PoS token exchange?
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Rick_Sanchez_H-334
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Activity: 16
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March 04, 2018, 05:31:37 PM |
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Yeeeeee 1.500.000 tokens sold. 1.000.000 $$$ bravo
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Micheal_M
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Activity: 15
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March 04, 2018, 06:35:56 PM |
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Why are the PoS tokens better than PoW tokens? I'm asking because Bitto really stresses importance of being PoS token exchange?
Proof of work has the nice property that you can use Bayes' Theorem and the laws of Thermodynamics to prove that a given block has indeed required a certain amount of work to be mined. That way, users can simply pick the longest valid chain with the highest amount of work as the correct chain.
But this implies that Proof of Work is extremely inefficient in term of energy, and therefore also very expensive; which incentivize miners to centralize the hashing power -- obviously not desirable for a network whose goal is to minimize the need to trust third parties.
Proof of Stake isn't about mining, it's about validating. In effect blocks still need to be created by someone, and who gets to create the next block depends on the specific Proof of Stake algorithm, but the selection process must have some kind of randomness, or at least distribute voting shares properly (otherwise we revert to a centralized system).
In PoS, each validator owns some stake in the network, ether in the case of Ethereum, that they bond. Bonding stake means you deposit some money into the network, and in some sense use it as a collateral to vouch for a block. In PoW you know a chain is valid because lots of work is behind it, while in PoS you trust the chain with the highest collateral.
There are important differences between the various Proof of Stake algorithms that are being developed. This question is about PoW vs. PoS so I'm keeping the answer very general.
Sauce:
https://ethereum.stackexchange.com/a/141My opinion on this: I really don't know why we had to make all those PoW tokens, it's kind of a wasted energy. PoS works just fine and cannot be hacked or abused since it's on a decentralized blockchain.
1. you don't need a machine to mine
2, owning a POS has 2 simultaneous benefits. - You reduce the circulating supply in the market, increasing the chances of the token price to increase, while passively earning tokens without a mining rig. Also it's more eco friendly since you back your assets by gold, fiat or company shares, and not solving complex math problems. |
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zlatan07
Member
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Activity: 112
Merit: 11
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March 04, 2018, 06:36:30 PM |
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Yeeeeee 1.500.000 tokens sold. 1.000.000 $$$ bravo
And now they are going to the 3 stage, I believe that they will attain their objectives to make one great exchange site. |
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hungryforapples
Jr. Member
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Activity: 197
Merit: 2
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March 04, 2018, 09:05:18 PM |
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Why are the PoS tokens better than PoW tokens? I'm asking because Bitto really stresses importance of being PoS token exchange?
Proof of work has the nice property that you can use Bayes' Theorem and the laws of Thermodynamics to prove that a given block has indeed required a certain amount of work to be mined. That way, users can simply pick the longest valid chain with the highest amount of work as the correct chain.
But this implies that Proof of Work is extremely inefficient in term of energy, and therefore also very expensive; which incentivize miners to centralize the hashing power -- obviously not desirable for a network whose goal is to minimize the need to trust third parties.
Proof of Stake isn't about mining, it's about validating. In effect blocks still need to be created by someone, and who gets to create the next block depends on the specific Proof of Stake algorithm, but the selection process must have some kind of randomness, or at least distribute voting shares properly (otherwise we revert to a centralized system).
In PoS, each validator owns some stake in the network, ether in the case of Ethereum, that they bond. Bonding stake means you deposit some money into the network, and in some sense use it as a collateral to vouch for a block. In PoW you know a chain is valid because lots of work is behind it, while in PoS you trust the chain with the highest collateral.
There are important differences between the various Proof of Stake algorithms that are being developed. This question is about PoW vs. PoS so I'm keeping the answer very general.
Sauce:
https://ethereum.stackexchange.com/a/141My opinion on this: I really don't know why we had to make all those PoW tokens, it's kind of a wasted energy. PoS works just fine and cannot be hacked or abused since it's on a decentralized blockchain.
1. you don't need a machine to mine
2, owning a POS has 2 simultaneous benefits. - You reduce the circulating supply in the market, increasing the chances of the token price to increase, while passively earning tokens without a mining rig. Also it's more eco friendly since you back your assets by gold, fiat or company shares, and not solving complex math problems.Agreed, never make things unnecessarily complicated |
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Rick_Sanchez_H-334
Newbie
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Activity: 16
Merit: 0
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March 04, 2018, 10:03:34 PM |
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Why are the PoS tokens better than PoW tokens? I'm asking because Bitto really stresses importance of being PoS token exchange?
Proof of work has the nice property that you can use Bayes' Theorem and the laws of Thermodynamics to prove that a given block has indeed required a certain amount of work to be mined. That way, users can simply pick the longest valid chain with the highest amount of work as the correct chain.
But this implies that Proof of Work is extremely inefficient in term of energy, and therefore also very expensive; which incentivize miners to centralize the hashing power -- obviously not desirable for a network whose goal is to minimize the need to trust third parties.
Proof of Stake isn't about mining, it's about validating. In effect blocks still need to be created by someone, and who gets to create the next block depends on the specific Proof of Stake algorithm, but the selection process must have some kind of randomness, or at least distribute voting shares properly (otherwise we revert to a centralized system).
In PoS, each validator owns some stake in the network, ether in the case of Ethereum, that they bond. Bonding stake means you deposit some money into the network, and in some sense use it as a collateral to vouch for a block. In PoW you know a chain is valid because lots of work is behind it, while in PoS you trust the chain with the highest collateral.
There are important differences between the various Proof of Stake algorithms that are being developed. This question is about PoW vs. PoS so I'm keeping the answer very general.
Sauce:
https://ethereum.stackexchange.com/a/141My opinion on this: I really don't know why we had to make all those PoW tokens, it's kind of a wasted energy. PoS works just fine and cannot be hacked or abused since it's on a decentralized blockchain.
1. you don't need a machine to mine
2, owning a POS has 2 simultaneous benefits. - You reduce the circulating supply in the market, increasing the chances of the token price to increase, while passively earning tokens without a mining rig. Also it's more eco friendly since you back your assets by gold, fiat or company shares, and not solving complex math problems.That's actually very nicely explained thanks for sharing this answer |
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gichrys
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Activity: 74
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March 05, 2018, 01:00:33 AM |
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Congratulations on reaching 1.000.000$ btw, good luck! I will be watching this closely.
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zlatan07
Member
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Activity: 112
Merit: 11
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March 05, 2018, 01:36:20 AM |
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Why are the PoS tokens better than PoW tokens? I'm asking because Bitto really stresses importance of being PoS token exchange?
My opinion on this: I really don't know why we had to make all those PoW tokens, it's kind of a wasted energy. PoS works just fine and cannot be hacked or abused since it's on a decentralized blockchain.
1. you don't need a machine to mine
2, owning a POS has 2 simultaneous benefits. - You reduce the circulating supply in the market, increasing the chances of the token price to increase, while passively earning tokens without a mining rig. Also it's more eco friendly since you back your assets by gold, fiat or company shares, and not solving complex math problems.Straight to the centre, you explained it so efficiently. You deserve merit for this post but I don't have it. POS is future that is for sure, passively earnings are more way better than wasting electric energy on mining rigs. |
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hungryforapples
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Activity: 197
Merit: 2
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March 05, 2018, 11:31:11 AM |
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Rick_Sanchez_H-334
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March 05, 2018, 11:40:04 AM |
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Great. Also on coinmarketplus, highest number of votes |
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Micheal_M
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March 05, 2018, 11:49:26 AM |
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Straight to the centre, you explained it so efficiently. You deserve merit for this post but I don't have it. POS is future that is for sure, passively earnings are more way better than wasting electric energy on mining rigs.
As I see it no one wants to give merit. I see only initial merit (150, 250) so even more experienced users don't receive merit because users are not used to give merit points haha. So nothing about advancing to Full member... _______________________________________________________________________________ ____ Is there a Chinese Bitto chat on telegram??? My friend is asking me since he is really bad with english |
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hungryforapples
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Activity: 197
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March 05, 2018, 12:05:09 PM |
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Great. Also on coinmarketplus, highest number of votes Wow i just saw your forum name! Is your name really Rick Sanchez or it is a R&M show Rick??? Asking because I'm a diehard fan and my name is R&M reference. Anyways it's cool! Sorry devs a bit offtopic but I must ask |
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