Post
Topic
Board Announcements (Altcoins)
Re: |ANN| CrocodileCash | PoW/DPOS/PoS Hybrid | Snap Them Up Fast | Android Wallet |
by
heratys111
on 27/10/2018, 06:53:21 UTC

In the near future, Cryptohub will have a new owner and trade in CROC will continue. The expected increase in cost is 10-20 times. A little patience.

Your prediction might not necessarily be the case and I'd recommend some skepticism/suspended-judgement for all.  From a laissez-faire/free market point-of-view, price is nothing objective or more abstract than what people are willing to pay to improve their situation based on their perspective/scale-of-values at a given moment... trading one thing they possess -- such as fiat, Bitcoin, or whatever for another thing (in this instance, a larger share of the CROC-universe).

If Cryptohub is handed-off, there are at least two groups of people involved: 1) those who believe the site was not really hacked but it was only something that was pretended (an exit-scam or some sort of fraud).   On the other hand, there are: 2) those who believe (*** as I do *** ) that the site had an exploited security vulnerability and there may remain a problem with the SSH interfacing with a derivative (Mint??) of Ubuntu 16.  Moreover, there might not be a patch in place when or if the site goes live again.   The latest Ubuntu is 18.04 and 18.10 and maybe the problem is potentially no more... but the price pre-hack and the projected view of a price on an exchange post-hack cannot or should not be the same.  I'm not trying to insinuate in any way that startsts is a "no-good shit" or somesuch.  In the long run I think we should look to have a trading option which also includes a decentralized exchange such as bisq (https://bisq.network/philosophy/) or Cryptobridge (https://wallet.crypto-bridge.org/) -- where the exchange is not a honeypot or target for thieves or subject to heavyhanded statist, rent-seeking KYC/AML...  Decentralized exchanges facilitate people controlling their own wallets instead of unnecessarily delegating responsibility.

I recognize that Gizzard and some others early in this original CROC thread were active in Mozzi (https://bitcointalk.org/index.php?topic=1974294.0 ) and that chain seemed to die or fall to relative life-support because it found no exchange (hence the relief when CROC got listed on two exchanges).  However, in the long run, I think we really want the optionality of having two or three exchanges -- and at least one being a peer-to-peer / decentralized one.