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Showing 20 of 130 results by Blakesss
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Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 21/09/2017, 01:04:54 UTC
Just got a message that their audit is completed and the tokens can be withdrawn this week.
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Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 20/09/2017, 14:15:33 UTC
I am very sure I get it.
The only difference is I see things from an entirely different perspective than you.
You see it from a rose-tinted glass.

Your posts demonstrate you don't have a basic understanding of the platform. I'm sorry you missed out on the ICO... your trolling efforts are making you look like a noob.

Here's a well thought out value analysis of SALT: https://www.scribd.com/mobile/document/357033648/The-Value-of-Salt
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Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 20/09/2017, 00:56:41 UTC
SALT has so much utility value... You utilize the tokens to access their loan platform. SALT allowing you to access crypto loans is pure utility value. If you think SALT is a pnd you're clueless and out to lunch.

Read this part carefully...
People that will borrow and lend will not be using the money for economic productivity, i.e. opening factories, setting up shops, etc.
Instead, the money will be used for pumping up the token/digital asset used as collateral for loans.
And this can be anything traded in Shapeshift, be it bitcoin, ethereum, tenx, omisego, bancor, etc, including SALT token itself.

Also read this part carefully...
The way I see it, the SALT Lending project is primarily a pump-n-dump business model.
While early participants of the ICO may lock in their over 13x massive profits thru selling, they may also be using their holdings to pump up the price, thus one reason why no outsiders heard about it when it was selling for 0.75.
Buy some millions of tokens at 0.75, use them as collateral for USD borrowing, use the USD to pump up the token price, sell to fools, use the profits to settle the loan and buy up more token, use additional token for further borrowing, use the new borrowing to pump up the price, rinse and repeat.
This can be very feasibly done because the supply of tokens sold at 3 and below is far more significant and constitute a major bulk of the entire supply.
Considering the lack of liquidity of token sold at 5 and above, such pump-n-dump operations can be very easily carried out.
And pricing tier sold at 0.75, 1.5, 3, 5, and above are simply an obvious red flag.
I am not sure if Eric from Shapeshift is a co-founder, but I suspect he is just an appointed one to be a public figurehead.
This pump-n-dump business model is very brilliantly designed, may be very profitable, but highly unethical and immoral.

YOU DON'T GET IT... having the platform and connections to lenders to make crypto-backed loans work is a game changer. Being first to the plate in this greenfield space gives SALT a massive advantage. It will surely quickly gobble the majority of the crypto-lending marketshare upon launch. Don't you get it?... they're replacing a major function of the banking system and the ticket in is a SALT membership token.

The early cheap coins (pre $1.50) are locked in... Wouldn't be surprised if a heap of them went to Voorhees and other angel whale investors.
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Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 18/09/2017, 20:31:37 UTC
I'm really excited for the launch of the SALT platform. It'll be amazing to be able to use cryptos as collateral to access fiat loans instead of having to sell the cryptos altogether. This token has so much utility value, and being first to the crypto loan plate gives SALT a huge advantage in this greenfield market.

Instead of being worried about the theoretical post-release spot value of SALT, I'd instead focus on the intense utility value this token offers. Once cryptos reach mainstream adoption, the SALT platform will attract so much network effect. When millions of dollars are being borrowed through the platform the spot token value will go through the roof.

Regardless of the spot price, a major bulk of the utility value is still on the pump-n-dump structure.
On economic utility, it has very little.

The whitepaper mentioned a cash repo market value of over $1 quadrillion, but most of this figure will not be directly related to the token holders.

The ones standing to benefit much from this may very likely be the tokens/digital assets that can be traded at Shapeshift, including the SALT token itself.
This is why I said it is a pump-n-dump structure.

People that will borrow and lend will not be using the money for economic productivity, i.e. opening factories, setting up shops, etc.
Instead, the money will be used for pumping up the token/digital asset used as collateral for loans.
And this can be anything traded in Shapeshift, be it bitcoin, ethereum, tenx, omisego, bancor, etc, including SALT token itself.

Lots of money can (and will be) made, but this is no less a sinful activity.
Definitely not an honest business.
It is not an honest business because whenever a token/digital asset is being pumped up, lots of hypes will be promoted and sold to gullible participants.
Those people believing in the hype will lose their money.
Of course in trading/investing, losing money is normal.
But losing money to hype is not the same as losing money to a valid business.
Losing money to a valid business can be recovered in time.
Losing money to a hype cannot be recovered, except thru the next round of pumping and hyping.
So it is like a sin that can only benefit the perpetrator if it is being continuously perpetuated from time to time.

SALT has so much utility value... You utilize the tokens to access their loan platform. SALT allowing you to access crypto loans is pure utility value. If you think SALT is a pnd you're clueless and out to lunch.
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Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 14/09/2017, 06:23:47 UTC
I'm really excited for the launch of the SALT platform. It'll be amazing to be able to use cryptos as collateral to access fiat loans instead of having to sell the cryptos altogether. This token has so much utility value, and being first to the crypto loan plate gives SALT a huge advantage in this greenfield market.

Instead of being worried about the theoretical post-release spot value of SALT, I'd instead focus on the intense utility value this token offers. Once cryptos reach mainstream adoption, the SALT platform will attract so much network effect. When millions of dollars are being borrowed through the platform the spot token value will go through the roof.
Post
Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 22/08/2017, 04:02:07 UTC
Yep... only 25% of the $7.50 round left though.
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Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 20/08/2017, 14:41:28 UTC
The price will go up as folks utilize the SALT network to borrow money. Think about how much money is borrowed each year from credit cards and banks. If over time SALT can gain a share of that borrowing market (this share will rise along with the adoption of crypto currencies), the value of SALT tokens will rise on the back of the loans and inherent interest generated by them. The demand for SALT memberships will also rise as folks look to obtain them to borrow capital.
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Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Blakesss
on 12/08/2017, 14:10:43 UTC
BTFD y'all...

VERI is the furthest thing from a shit coin. It has so much traction in relation to the rest of the Crypto space. With its small trading float VERI is a rare crypto beast.
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Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Blakesss
on 12/08/2017, 13:43:40 UTC
@CrazyC265 There's way more than smoke and mirrors going on with VERI... c'mon man... P2P capital markets Patents Pending IP... the JSE deal is just a prelude of things to come.

Someone is clearly manipulating the market with that Million Dollar sell wall at .5 ETH... Not convinced its the hacker either... There was enough ETH wealth going around at the time of the VERI ICO that a smart whale could have conceivably dropped 400 ETH into it and picked up a mother load of VERI to whale around with.

Seems to me they probably sold some at ETH paridy and are now capping the market at .5 to reaccumulate for the next VERI deal based spike.


Cryptos trade on FUD and FOMO... You want to buy when the FUD is thick and sell when FOMO is rampant. The Veri theft from Reggie sold down the market and kicked up a lot of FUD... this just a buying opportunity for the smart money.

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Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Blakesss
on 12/08/2017, 02:03:22 UTC
Whale spotting @ .5 ETH.

Post
Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 10/08/2017, 17:36:02 UTC


From the Abstract SALT released today... https://membership.saltlending.com/files/abstract.pdf
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Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Blakesss
on 04/08/2017, 00:24:37 UTC
The thing that gets me about Pillar is that immediately after the ICO they posted a contest to design the wallet they said they were planning...  Anyway, maybe it'll be worthwhile sometime in the future... but not for a while.

Reggie Middleton and Veritaseum Co. have put so much work into VERI. Not only is its development way further ahead, it has some tangible elements that other players in the crypto-space don't have. Patents Pending for the P-2-P capital markets, JSE-type deals here/forthcoming, low trading float. Can't wait to watch the Veritization of financial instruments.

VERI's going to be revolutionary.
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Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Blakesss
on 02/08/2017, 12:40:50 UTC
I'm watching for the Clif High bump later tonight after his Reggie Middleton interview is posted.

Given how much exchanges pay out of their gross revenue there's a clear use case for VERI software to lower transaction costs. It's a really smart idea to get into VERI before the hedge funds, UHNW individuals and exchanges.
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Topic
Board Announcements (Altcoins)
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
by
Blakesss
on 31/07/2017, 23:43:49 UTC
Such an insane amount of hash.... Impossible to say for sure, but this makes me imagine that a mining farm in the China has pointed a heap of merge-mining power at UNO & BTC.
Post
Topic
Board Announcements (Altcoins)
Re: ICO WATCH: SALT LENDING
by
Blakesss
on 28/07/2017, 23:10:06 UTC
This token and project fulfills a much needed space in the crypto market. As crypto grows, folks will need the ability to use that crypto as collateral. Being first to the plate with the connections to borrowers to make this project work is huge. SALT is a straight-up bargain at ICO price.
Post
Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Blakesss
on 19/07/2017, 04:11:20 UTC
Their must be a lot of suckers in crypto because this is a straight scam coin. Where is the value? Where are the partnerships? Where is any news? This is sad.

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Topic
Board Announcements (Altcoins)
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
by
Blakesss
on 14/06/2017, 15:29:22 UTC
Getting UNO in front of some of these Youtubers is a good idea.
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Topic
Board Announcements (Altcoins)
Re: FLASHBACK POST
by
Blakesss
on 08/06/2017, 00:43:23 UTC
I wish Benefactor was around to see this move up.  Here's a flashback post from UNO's earlier days.

+1. I found out about UNO from him on another forum. He made a point of sharing the wealth by sending anyone an UNO who asked for one back in 2013. A really nice gesture to help introduce people to crypto and UNO.
Post
Topic
Board Announcements (Altcoins)
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
by
Blakesss
on 26/05/2017, 14:43:26 UTC
Gekko!

Yeah ETH has been on a tear. I think the best is still yet to come, so maybe soon you can buy yourself a new Swiss watch for each day of the week.

Check out the Google Trends chart for searches of Ethereum. The spike is from May 21 - today:
https://trends.google.com/trends/explore?q=ethereum
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Topic
Board Announcements (Altcoins)
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
by
Blakesss
on 12/05/2017, 04:23:17 UTC
Someone bought up the 'trex book to .0091. It wound down back to the 7s, but there's not much sell weight holding it down at this point.



Let's goooooooo!