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Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
I always loved Bancor concept, and I see it's gaining momentum.
The only thing that is bothering me is that it's working on ETH blockchain as an ERC20 token.
It depends on ETH success, and can suffer from ETH blockchain congestion, etc.
I think the "ultimate" currency, or store of value (constant growth based on market growth with new tokens/currencies added in its decentralized exchange) that Bancor is, should have its own blockchain.
I remember reading in the whitepaper that their are plans to be able to cover other blockchains too, etc.
But, do other people think Bancor is meant to be on its own blockchain?
I'm not an engineer so I don't know what are the current possibilities about cross-chain smart contracts to be able to run Bancor decentralized exchange, but I would be very happy to know what the community thinks about this aspect.
I really feel like Bancor can't fulfill its goal by remaining in ETH (or any other) blockchain.
The only thing that is bothering me is that it's working on ETH blockchain as an ERC20 token.
It depends on ETH success, and can suffer from ETH blockchain congestion, etc.
I think the "ultimate" currency, or store of value (constant growth based on market growth with new tokens/currencies added in its decentralized exchange) that Bancor is, should have its own blockchain.
I remember reading in the whitepaper that their are plans to be able to cover other blockchains too, etc.
But, do other people think Bancor is meant to be on its own blockchain?
I'm not an engineer so I don't know what are the current possibilities about cross-chain smart contracts to be able to run Bancor decentralized exchange, but I would be very happy to know what the community thinks about this aspect.
I really feel like Bancor can't fulfill its goal by remaining in ETH (or any other) blockchain.
Bancor operates on top of other blockchains for which it provides access to its liquidity network.
As Bancor is built to provide cross-chain liquidity, using ETH alone simply would not work. Building Bancor's liquidity network entails creating an entirely new ecosystem, which of course will have interplay with many other ecosystems, existing and future.
In line with this, there is a new Bancor department under construction, focused exclusively on developing cross blockchain architecture.
Thanks a lot for the answer
.It clarifies the role of Bancor in the crypto infrastructure, as a liquidity network rather than a blockchain. So, no need to spend time to develop and maintain a blockchain, rewarding masternodes/miners, etc. It makes sense.
However, on the technical side, we still have the BNT token as an ERC20, running on Ethereum. So, even if Bancor is a liquidity network, the token that stores all the network value (BNT) relies on Ethereum. I don't say Ethereum is bad, as I think it will just get better with time, but it still is dependant on Ethereum blockchain.
So, BNT token will always remain an ERC20 token, but Bancor devs will make it possible to trade it cross-chain using smart contracts.
Is that it?
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
I always loved Bancor concept, and I see it's gaining momentum.
The only thing that is bothering me is that it's working on ETH blockchain as an ERC20 token.
It depends on ETH success, and can suffer from ETH blockchain congestion, etc.
I think the "ultimate" currency, or store of value (constant growth based on market growth with new tokens/currencies added in its decentralized exchange) that Bancor is, should have its own blockchain.
I remember reading in the whitepaper that their are plans to be able to cover other blockchains too, etc.
But, do other people think Bancor is meant to be on its own blockchain?
I'm not an engineer so I don't know what are the current possibilities about cross-chain smart contracts to be able to run Bancor decentralized exchange, but I would be very happy to know what the community thinks about this aspect.
I really feel like Bancor can't fulfill its goal by remaining in ETH (or any other) blockchain.
The only thing that is bothering me is that it's working on ETH blockchain as an ERC20 token.
It depends on ETH success, and can suffer from ETH blockchain congestion, etc.
I think the "ultimate" currency, or store of value (constant growth based on market growth with new tokens/currencies added in its decentralized exchange) that Bancor is, should have its own blockchain.
I remember reading in the whitepaper that their are plans to be able to cover other blockchains too, etc.
But, do other people think Bancor is meant to be on its own blockchain?
I'm not an engineer so I don't know what are the current possibilities about cross-chain smart contracts to be able to run Bancor decentralized exchange, but I would be very happy to know what the community thinks about this aspect.
I really feel like Bancor can't fulfill its goal by remaining in ETH (or any other) blockchain.
Hey guys, I have a basic question.
When we click play on a video, it automatically downloads the video in our computer.
Will we have to download every single video we watch?
If so, we will all need many Terabytes of capacity to be able to use the platform frequently?
I know the idea behind LBC is decentralized hosting and sharing of content, so I understand the principle, but this technical aspect can be a big turn off for some people?
When we click play on a video, it automatically downloads the video in our computer.
Will we have to download every single video we watch?
If so, we will all need many Terabytes of capacity to be able to use the platform frequently?
I know the idea behind LBC is decentralized hosting and sharing of content, so I understand the principle, but this technical aspect can be a big turn off for some people?
Re: ANN: ELIXIR (ELIX) Mobile Lending App Announced (ELIX On CoinExchange)
What's the point to buy this coin if we're not Genesis Holders?
I read the whitepaper, but I really don't understand it all.
It talks about both lender and borrower being rewarded when the loan is given back on time..
But it looks like the only way to generate Elix is by Genesis Holders to mint them manually?
This is all very confusing.
I love the logo and design, the concept looks nice but the explanations are really aweful. I'm definitely not an expert in blockchain technology but I can't see any casual person understanding this coin right now.
I read the whitepaper, but I really don't understand it all.
It talks about both lender and borrower being rewarded when the loan is given back on time..
But it looks like the only way to generate Elix is by Genesis Holders to mint them manually?
This is all very confusing.
I love the logo and design, the concept looks nice but the explanations are really aweful. I'm definitely not an expert in blockchain technology but I can't see any casual person understanding this coin right now.
You all seem to fail to realize that for Litecoin to succeed like how Bitcoin succeeded and by that magnitude, BTC has to die. I know that's sad to hear by some of you but there's no going around it. Bitcoin, as long as it lives, will always be the king.
So BTC has to die for LTC to grow in price/use/popularity?
Why so?
If BTC never scales up, it can still be the most secure store of value network, so big transactions go there, and smaller transactions on LTC network, no?
Yeah I definitely see a new ATH for Litecoin. Maybe not right after SegWit gets activated, since it already gained a lot of value from the segwit news, so maybe the current price already includes this new (I still think it can reach $20 very soon). But later this year, SegWit and Lightning Networks will bring this plus-value to reality.
$100 by december could really happen. If people start aknowledging that SegWit adds immense value to LTC, and if the scaling issue on BTC is not fixed by then, it could mean that plus-value to LTC.
That's true.
I think we'll see another bust in LTC price within a few/several days.
LiteCoin getting activated in 12 days, clock's ticking
I increased my LTC stake of 23% in the past 24 hours, as I sold for XRP, then rebought LTCs
I think we'll see another bust in LTC price within a few/several days.
LiteCoin getting activated in 12 days, clock's ticking
I increased my LTC stake of 23% in the past 24 hours, as I sold for XRP, then rebought LTCs
In fact people investing in LTC are people believing BTC will crash
So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!
So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!
You're very mistaken about that. Most LTC investors believe in both BTC and LTC, as complementary. Only a small minority of LTC investors think BTC will crash.
I don't believe in the coin and don't see what all the hype is about.
Just stick to investments that you truly believe in and you will succeed.
Just stick to investments that you truly believe in and you will succeed.
Well, as you wrote in another thread, you neither believe in Bitcoin so I can understand that you don't believe in Litecoin.
They go in pair.
And I believe in Litecoin, because there are chances that Bitcoin never scales up, so Litecoin would be a huge asset to Bitcoin.
And even if Bitcoin implements SegWit, as Charlie wrote in his article https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b, it won't be enough to support a worldwide transactions market (if Bitcoin gets adopted as international currency for example.)
So, Litecoin always finds its use to strengthen up Bitcoin.
The latest news has told me if the dev of lightning network tries to move his way to the litecoin, and I think it can be considered as another support to pump the price of litecoin as soon as possible.
Litecoin will get a lot of the beneficial by using segwit and lightning network to be his chain improvements.
Segwit gives large ways to the off chain developers.
Litecoin will get a lot of the beneficial by using segwit and lightning network to be his chain improvements.
Segwit gives large ways to the off chain developers.
Yes, tons of opportunities with SegWit.
And even if Bitcoin ever implements SegWit, Litecoin should have a long time buffer to play with it, giving it a great plus-value.
SegWit is locked in now. So in about 2 weeks we should see SegWit activated.
Maybe the next week will be slow, but I think the next one (last 7 days before SegWit activates) will experience some pumps.
Maybe the next week will be slow, but I think the next one (last 7 days before SegWit activates) will experience some pumps.
There are several Litecoin speculation threads running right now, and all the same people posting in them. I think it's a bit confusing and waste of time to search and look at all of them to follow the discussion.
So why not focus the discussion in one thread to simplify our experience.
So why not focus the discussion in one thread to simplify our experience.
I think the $20 price (giving a $1B marketcap to LTC) will be a good test point.
As if it breaks through $20, it could go to $40 too, testing $2B marketcap. ETH has $4B, so it's possible.
All of this depends on BTC scaling up development too of course.
But I like what Charlie Lee wrote in his blog post on SegWit for LTC and BTC, saying that even if BTC implements SegWit, it won't be able to process all the world transactions at some point and will need its beloved punching bag sister coin
As if it breaks through $20, it could go to $40 too, testing $2B marketcap. ETH has $4B, so it's possible.
All of this depends on BTC scaling up development too of course.
But I like what Charlie Lee wrote in his blog post on SegWit for LTC and BTC, saying that even if BTC implements SegWit, it won't be able to process all the world transactions at some point and will need its beloved punching bag sister coin
Re: Sleeping giant is awakening?? LTC back to $50 now ??
I sold all my LiteCoins (managed to sell 50% at $12.90 ).
Why?
The SegWit activation rate keeps dropping. In the last 24 hours it has been of 64.06%
Source: http://litecoinblockhalf.com/segwit.php
I looked at the LTC Hashrate distribution today and compared it to 1 week ago (April 10).
I saw that LTCTop went from nearly nothing to 11.6%, which is the third biggest LiteCoin pool at the moment.
And guess what? They don't signal for SegWit
Hashrate on April 10
http://img4.hostingpics.net/pics/142667LTCHashrate201704APR10.png
AntPool (7.2%) + LTC1BTC (12.2%) = 19.4%
Jian power on hashrate was pretty low back then.
Hashrate on April 10
http://img4.hostingpics.net/pics/817463LTCHashrate201704APR17.png
AntPool (3.6%) + LTC1BTC (18.8%) + LTCTOP (11.6%) = 34%
100% - 34% = 66%
I guess Jian made a deal with them and is sending his hashrate power to that pool.
So unless the Pro-SegWit pools add a lot of hashrate, I think the SegWit camp will lose this round.
That's why I expect LTC price to drop a lot in the next days.
We'll see how it goes.
).Why?
The SegWit activation rate keeps dropping. In the last 24 hours it has been of 64.06%
Source: http://litecoinblockhalf.com/segwit.php
I looked at the LTC Hashrate distribution today and compared it to 1 week ago (April 10).
I saw that LTCTop went from nearly nothing to 11.6%, which is the third biggest LiteCoin pool at the moment.
And guess what? They don't signal for SegWit
Hashrate on April 10
http://img4.hostingpics.net/pics/142667LTCHashrate201704APR10.png
AntPool (7.2%) + LTC1BTC (12.2%) = 19.4%
Jian power on hashrate was pretty low back then.
Hashrate on April 10
http://img4.hostingpics.net/pics/817463LTCHashrate201704APR17.png
AntPool (3.6%) + LTC1BTC (18.8%) + LTCTOP (11.6%) = 34%
100% - 34% = 66%
I guess Jian made a deal with them and is sending his hashrate power to that pool.
So unless the Pro-SegWit pools add a lot of hashrate, I think the SegWit camp will lose this round.
That's why I expect LTC price to drop a lot in the next days.
We'll see how it goes.