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Showing 8 of 8 results by DanTheHam
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Board Announcements (Altcoins)
Re: [LAUNCHED][POW]⚡ELECTRONEUM⚡Official Moderated Thread
by
DanTheHam
on 15/06/2019, 14:02:49 UTC
ETN is a disaster, I lost interest in this as an investment a long time ago, however I've been keeping watch to see if I'd regret my decision.

I honestly don't understand how anyone can defend the performance of ETN. The running of the coin has been tragic, the ASIC U-turn brought the network to a halt, only to be reversed a few weeks later - that was the final straw for me. I'm not pro, or anti ASIC, but the lack of foresight by the ETN team was enough to get me out of ETN completely.

There is zero price stability, no business could operate with fluctuations of 10-15% - this is backed up by what I've seen online, anyone that accepts ETN has huge price mark-ups to cover the fluctuations making anything sold in ETN, massively overpriced.

As for being for the unbanked, how are they meant to get their hands on ETN to start with? The airdrop (something it should have been called from the start, as mobile mining is totally incorrect and misleading to anyone who lacks understanding of how Blockchain works) is simply not enough. How can they go through KYC verification? Rather than setting up huts to sell ETN direct to the public, why not set up PayPal huts, opening accounts and adding funds? Or use prepaid credit cards that top up at local stores? Both are better alternatives, they are accepted worldwide already, can be used in almost any currency (stable exchange rates) - both solutions offer so much more than what ETN can (buyer protection and such)

So the obstacles in getting ETN mass adopted along with competition/alternatives and sloppy management means so far, I was dead right to abandon ETN.
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Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage
by
DanTheHam
on 20/01/2018, 21:36:02 UTC
why the price does not grow? .... Fork is very soon already

The fork is set to reduce difficulty - therefore a rapid increase in the supply of coins - as you know, any rapid increase in supply is never good for price. Also long term, Sia has an impressive 3292.83 TB of network storage available, but only 114.49 TB is being used. That's a usage rate of only 3.4% - it is essential that this number starts to increase otherwise, the Sia project will likely fail - having over 95% of your assets idle is not good for any business, and isn't good for people holding the coin since nobody wants to buy it to use for storage (again supply and demand)
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Board Announcements (Altcoins)
Re: [ANN] [PASC] PascalCoin, true deletable blockchain - V2 protocol active!
by
DanTheHam
on 16/01/2018, 10:26:13 UTC
The crypto market is crashing really hard.

What happened?  Is the bubble bursting?

1$ soon looks a bit too soon. 

South Korea (one of the worlds biggest crypto markets) placing huge restrictions on BTC and altcoin trading... Everything is crashing.
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Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage
by
DanTheHam
on 27/11/2017, 06:21:49 UTC
Lot's of great discussion and healthy debate which is great to see - along with many strong believers in the project. Of course I wish you all the best of luck with your endeavours. However, I am still not convinced; I could see Google, Microsoft and Amazon all very quickly jumping on the bandwagon of massive decentralised storage at the slightest glimmer of some $$$'s to be made. With their already huge user base and accounts system already in place I don't think it would take too much for them to integrate something (especially with multi-billion dollar budgets at their disposal) into what they already have. Also, as they all offer paid for services, payment in fiat currency would be possible, or if they were to launch their own storage coin, there would already be an entire ecosystem in place for spending it.

I'll apologise for the gloomy negative post again - but I always try to be super critical when putting my cash (along with modest mining resources) into a project. For me, the risk:reward is just not quite there.

From trading forex I'll tell you a little something my mentor taught me - "The markets will always be there tomorrow" - SIA is not a once in a lifetime opportunity, there will be many more chances to jump in later - and if that's the case, I'll be more than happy to come back and eat a huge slice of humble pie with you guys!

Best of luck folks...
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Topic
Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage
by
DanTheHam
on 26/11/2017, 23:48:03 UTC
I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?

With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.

So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.
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Topic
Board Speculation (Altcoins)
Re: Storj (SJCK) vs. Siacoin (SC) - Discussion
by
DanTheHam
on 26/11/2017, 23:41:27 UTC
What about FileCoin ?? It seems to be a direct competitor to SIA and Storj. Does anyone know the difference ?
Also MaidSafe Coin seem to have the same purpose than Sia. What do you think about it ?

I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?

With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.

So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PASC] PascalCoin, true deletable blockchain - V2 protocol active!
by
DanTheHam
on 26/11/2017, 23:12:07 UTC
Who gives a Fuk about Cryptopia. focus time on a worthwhile exchange.

It's all about raising the profile of PASC - yes there are better (and worse) exchanges out there, however, with so many alt-coins out there all trying to attract a limited amount of investment dollars, anything that starts moving PASC up the crypto-currency rankings is a good thing. Like I mentioned earlier, I still think access to PASC is a little tricky with the current account system in place (though I understand why it's there) so anything that opens things up a little is always a good thing.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PASC] PascalCoin, true deletable blockchain - V2 protocol active!
by
DanTheHam
on 10/11/2017, 17:17:20 UTC
Greetings all!

I've been small scale mining PASC for a while now, and have quite a strong belief in the project - though I think the account mining idea is quite flawed (large scale miners will have a monopoly over a huge amount of the available accounts - potentially limiting the amount of users) which could be damaging for widespread adoption, however, I think the positives do outweigh the negatives in many ways, and I plan to hold on to PASC long term.

Another slight weakness of PASC is it's low profile compared to other crypto-currencies - I was quite surprised to find that it was not included on ShapeShift - yet things like Sia Coin were! Perhaps this could be because of the account system I mentioned above...

Anyway, I added a request feature topic on the ShapeShift forum, so if you stop by, give it an upvote and comment:

https://shapeshift.zendesk.com/hc/en-us/community/posts/115000697770-Please-consider-adding-Pascal-Coin-PASC-

A lot of the underlying value of a coin comes from the developers and the way they implement new features and market the project - HOWEVER, exchanges are there to make money, unless they see a decent amount of interest and demand (and therefore $$$ for themselves) there isn't much of an incentive for them to add stuff. That's where the community can come into play and make a difference, ideas like JacobFrew's petition can make a difference - though I think we need to see much higher numbers it's definitely a start and a step in the right direction.

I didn't intend for my first post to be such a long essay (well done if you made it this far without taking a nap) - but to sum up, the more we can do to speed up adoption and raise awareness of PASC, the better chance of seeing a return on our mining efforts.

End of essay

Graded C- (decent effort)