Pretty sure Centrality were the first company to do an ICO in NZ no? They raised over 80 million too which was pretty impressive.

What do you guys think your competitive advantage is over something like KiwiCoin or Cryptopia. Especially the latter because they were pretty innovative with creating an NZDT (Although that didn't last long). I do like the slick design. But another exchange is gonna make the space pretty crowded.

Let me help you.

https://dictionary.cambridge.org/dictionary/english/scam

>an illegal plan for making money, especially one that involves tricking people

https://en.wikipedia.org/wiki/Insider_trading

>trading based on insider information is illegal

You don't need to use the word "scam". You are implying that someone is intentionally selling down stock because they know (aka insider info) that the price will go down.

I feel like you are taking the fact that ICO's *can* be used as out and out scams to then mean that there is no legitimate use for an ICO. An ICO is just a way to raise funds that could be required for the project to succeed.

Would you say an IPO is a scam too?

Are you basing that on the actual project, or just the fact the price is skyrocketing?

As per the title, what's going on with Nasdacoin?

When almost every other coin was taking the hits, Nasdacoin is having huge gains. For example, here's the past 7 days for Bitcoin (Although you could probably pick any coin in the top 100 and see this sort of graph):

https://i.imgur.com/kLkyUzf.png

And yet here's Nasdacoin over the past 7 days :

https://i.imgur.com/1rFwS3R.png

Almost the *exact* opposite.

When you go to Nasdacoin's website, there are links to things that simply don't exist. A good example is for their mobile apps. They have screenshots of them but if you actually go to the playstore, there is nothing there.

They also talk about some sort of Nasda Visa which pretty much every cryptocurrency talks about, yet I don't see any announcements. This was roadmapped to be for September for this year but I can't find anything on it and it would surprise me if such a small coin had broken the back of getting onto the visa network (Atleast without doing something like Nasda -> Bitcoin -> Fiat exchange for every purchase).

And yes, I know. Say I'm just "fudding it up". But is there any actual legitimate news that is driving these gains when everything else is falling?

I'm new, I'll give you that. But I only came here from CoinMarketCap when it showed as the biggest gain in the past 24 hours (And obviously this post is linked to from CoinMarketCap as the announcment post).

I don't get how asking why a coin would suddenly increase it's trading volume over 100x within a day suddenly makes me "FUD up". What other legitimate coin/token has seen that sort of increase with little to no new news to support the growth without being a pump and dump?

How exactly does a coin go from trading between 1 - 5k a day, to suddenly having over a million dollars worth of trading volume in a 24 hour period. Especially when the market cap itself is 1 million (Taken from CoinMarketCap and here, let me know if I'm wrong).

I don't know how it's not suspicious when a coin trades it's entire circulating value within a day.

It was a pump 100%.

If you watched the buy orders on Binance it was a wall of orders of exactly 2. I mean maybe it was a meme buy that pushed it from under 1 million volume (infact around $650k volume) on CoinMarketCap to 132 million in volume in under a day, but I highly highly doubt it.

The marketcap itself is around 20 million USD, so the entire marketcap was traded 6 times over?

Don't get me wrong. The project itself may be OK, because people are orchestrating pumps all the time. But in this one instance, it most certainly was a P&D.

A literal shitcoin to me is something with absolutely no value and no way it could ever have value. So projects that may or may not go to zero don't really count IMO because plenty of companies have good ideas end up bust too for various reasons, not just because it was an out and out scam.

For me when I'm trying to evaluate a coin, I'm looking at a few things.

Does it have a whitepaper that explains not only the goals of the project, but how it intends to reach them. So for example let's say the goal is distributed file storage, *how* are they going to do that on whatever blockchain tech of their choosing. I've read countless whitepapers that simply state a goal, but no idea how they will achieve it. Sometimes this is reasonable because they have a really proprietary idea, but most of the time it's because they have no idea what they're doing.

Is the team open and honest on who they are. Do they have a history of social profiles with some sort of work history. The work history does not have to be in tech, but it has to be there. Someone who studied at Stamford and was a research fellow is less likely to 1. Create something that is out and out crap. And 2. Out and out scam you. Because they have a real life reputation. If the team is completely anonymous, I generally stay away. There are obvious exceptions to this (Bitcoin for one), so it's not always a hard and fast rule.

Does the coin/token itself have a use. Sometimes this isn't even whether it's a "shit coin" persay. But you need to differentiate the coin/token from the project/company. Even larger projects like Ripple. You have to look at what Ripple is doing, and separate that away from what XRPs role is in all of it. For Ripples products, you barely need any XRP at all to participate. I'm probably picking on Ripple a bit here but you get the idea. Shitcoins often state lofty goals, but when it comes to "OK, so why do you have your own currency then?" everything falls apart.

Stealing this from here. But...

From their official response here : https://medium.com/oysterprotocol/oyster-update-b813390ce10e

Or more so this quote :


It's clear they actually knew that the minting function existed, but were told by "Bruno" that it was necessary to keep it there. So essentially three times, they were probably told that this minting function was dangerous but were told by the architect to keep it (Who then stole 300k USD worth of tokens).