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Author Topic: [ANN] EDC Blockchain - global platform with its own cryptocurrency  (Read 19888 times)
CryptoFlowers
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August 30, 2019, 07:12:56 PM
 #1241


In is very hard to use cryptocurrency in real life. For example, it is impossible to accept cryptocurrency in the shops if cryptocurrency is not regulated in the country.

Because cryptocurrency is not regulated in many countries even Bitcoin are accepted very rare in offline shops.
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Nasbacyar
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August 31, 2019, 08:10:03 AM
 #1242

_______________________________
The idea is certainly good and not new. But how do you imagine doing this?
This is basically not possible!
Why not? Governments put pressure on exchange management.
And it comes. Some exchanges are starting to demand KYC from their users. Even a decentralized IDEX exchange recently required users to make KYC.

OK, I will go through the KYC procedure, and what will happen to my anonymity? All data about the user will be known, and anonymity is something that is very appreciated.
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August 31, 2019, 09:31:44 AM
 #1243

_______________________________
The idea is certainly good and not new. But how do you imagine doing this?
This is basically not possible!
Why not? Governments put pressure on exchange management.
And it comes. Some exchanges are starting to demand KYC from their users. Even a decentralized IDEX exchange recently required users to make KYC.

Now a lot of exchanges that exchange crypto to fiat require KYC procedures. Decentralize exchanges do not require KYC, but there is no liquidity on DEX.
trombocoin
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August 31, 2019, 12:39:57 PM
 #1244


Now a lot of exchanges that exchange crypto to fiat require KYC procedures. Decentralize exchanges do not require KYC, but there is no liquidity on DEX.

I think that if the control on centralized exchanges will become more strict decentralized exchanges will become more popular.
CryptoFlowers
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August 31, 2019, 12:59:31 PM
 #1245


I think that if the control on centralized exchanges will become more strict decentralized exchanges will become more popular.

Also there are mixers, exchangers. I think that it will be very difficult to control cryptocurrency in future, because the technology will develop and will appear new means how to make cryptocurrency more anonimity.
Alexxo
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August 31, 2019, 01:43:33 PM
 #1246

Now on the market there are a lot of mixers to keep anonymity, also there are anonymity coins like Monero or Dush, or anonimity transactions inside the wallet, like EDC blockhain has.

The coins you named do not have enough turnover. Most crypto funds are used in bitcoin and ethereum. W/o mixers. Most of the tokens are on the Ethereum platform.
Currently, almost all crypto transactions are transparent. In the case of global regulation/prohibition of crypto, many will just leave.

Ethereum is very transparent. It is not necessary to have special knowlage to track the Ethereum transactions and find how many money is on the wallet. There are a lot ot Bitcoin mixers but very few Ethereum one.

flarenial
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August 31, 2019, 04:48:54 PM
 #1247


Now a lot of exchanges that exchange crypto to fiat require KYC procedures. Decentralize exchanges do not require KYC, but there is no liquidity on DEX.

I think that if the control on centralized exchanges will become more strict decentralized exchanges will become more popular.
I think it’s worth looking for another solution (other than regulation) in order to reduce the number of scammers.
nyasha
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August 31, 2019, 06:57:07 PM
 #1248


Now a lot of exchanges that exchange crypto to fiat require KYC procedures. Decentralize exchanges do not require KYC, but there is no liquidity on DEX.

I think that if the control on centralized exchanges will become more strict decentralized exchanges will become more popular.
I think it’s worth looking for another solution (other than regulation) in order to reduce the number of scammers.

I think that another solution is experience of the users. People must have enough experience to analyse the projects to find a scam.
cryptomia62
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August 31, 2019, 07:02:06 PM
 #1249


I think that another solution is experience of the users. People must have enough experience to analyse the projects to find a scam.

Always newbies will come to the industry that do not have any experience of all, they will make mistakes and lose money.
caribbean_dream
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September 01, 2019, 10:55:22 AM
 #1250


Always newbies will come to the industry that do not have any experience of all, they will make mistakes and lose money.

Because cryptocurrency is not regulated in many countries there are a lot of manipulations on different exchanges and newbies lost a lot of money on trades on exchanges.
cryptozoya
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September 01, 2019, 11:23:18 AM
 #1251


Always newbies will come to the industry that do not have any experience of all, they will make mistakes and lose money.

Because cryptocurrency is not regulated in many countries there are a lot of manipulations on different exchanges and newbies lost a lot of money on trades on exchanges.

Now many people start to understand that it is very hard to earn money on the cryptocurrency. Cryptocurrency market is very unstable and a lot of people lost money.
eee514
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September 01, 2019, 01:25:41 PM
 #1252


Always newbies will come to the industry that do not have any experience of all, they will make mistakes and lose money.

Because cryptocurrency is not regulated in many countries there are a lot of manipulations on different exchanges and newbies lost a lot of money on trades on exchanges.
No one is protected from this. If you are a beginner and do not know how to drive, then you will lose your money in any case, whether it is cryptocurrency or the stock market.
xctgolj
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September 01, 2019, 06:38:31 PM
 #1253


Always newbies will come to the industry that do not have any experience of all, they will make mistakes and lose money.

Because cryptocurrency is not regulated in many countries there are a lot of manipulations on different exchanges and newbies lost a lot of money on trades on exchanges.

Now many people start to understand that it is very hard to earn money on the cryptocurrency. Cryptocurrency market is very unstable and a lot of people lost money.
It always has been and will be! They can't all earn! There is a simple principle: someone is losing their money, while someone is making a profit!
CoffeOfficial
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September 01, 2019, 06:40:58 PM
 #1254

You're right. Moreover, there is much less manipulation on the crypto market than on the stock market. This is due to the fact that there are few professional traders and investors in the crypto market.

Cryptocurrency market is less regulated that stock market. Big traders can be punished for manipulations on stock market. On cryptocurrency market trading volumes much smaller that on stock market.

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simpsons_support
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September 02, 2019, 06:44:17 AM
 #1255


[New video]







via https://blockchain.mn
lylya75
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September 02, 2019, 05:40:13 PM
 #1256

My new article for bounty on Russian.
https://medium.com/@vera55nika55/%D0%B0%D0%BD%D0%BE%D0%BD%D0%B8%D0%BC%D0%BD%D1%8B%D0%B5-%D0%BF%D0%B5%D1%80%D0%B5%D0%B2%D0%BE%D0%B4%D1%8B-edc-%D0%B8%D0%BD%D1%81%D1%82%D1%80%D1%83%D0%BA%D1%86%D0%B8%D1%8F-%D0%BF%D0%BE-%D0%BF%D0%B5%D1%80%D0%B5%D0%B2%D0%BE%D0%B4%D1%83-%D0%BF%D1%80%D0%B8%D0%BC%D0%B5%D1%80%D1%8B-%D0%B8-%D1%81%D0%BB%D1%83%D1%87%D0%B0%D0%B8-%D0%B8%D1%81%D0%BF%D0%BE%D0%BB%D1%8C%D0%B7%D0%BE%D0%B2%D0%B0%D0%BD%D0%B8%D1%8F-55444d42ba7b
zoromat
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September 02, 2019, 07:03:19 PM
 #1257


No one is protected from this. If you are a beginner and do not know how to drive, then you will lose your money in any case, whether it is cryptocurrency or the stock market.
Yes, there are many amateurs in the crypto market. That is why there is so much talk in the crypto community about failures and manipulations. Although the problem is simply in the people themselves who do not see their mistakes.

Very correct words. You need to understand what you are investing in and be interested in it. Most investors who lost money did not even understand what they were investing in!
caribbean_dream
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September 02, 2019, 08:04:06 PM
 #1258


No one is protected from this. If you are a beginner and do not know how to drive, then you will lose your money in any case, whether it is cryptocurrency or the stock market.
Yes, there are many amateurs in the crypto market. That is why there is so much talk in the crypto community about failures and manipulations. Although the problem is simply in the people themselves who do not see their mistakes.

Very correct words. You need to understand what you are investing in and be interested in it. Most investors who lost money did not even understand what they were investing in!

It is necessary to carefully check everything. All projects during the IEO stage promote only the advantages of the platform. But it is necessary to check all the details.
cryptomia62
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September 02, 2019, 08:21:49 PM
 #1259


It is necessary to carefully check everything. All projects during the IEO stage promote only the advantages of the platform. But it is necessary to check all the details.

EDC Blockchain does not conduct IEO. But in all cases it is necessary to check everything before investing not to lose money.
cybitmedia
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September 02, 2019, 08:30:18 PM
 #1260


A good article about the anonymity. I agree that anonymity is very important and it is very good that it is possible to make anonimity payments in EDC wallet.
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