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Re: [ANN] Zcoin (XZC) - Implementing Zerocoin technology for financial privacy
How to Use Trezor With Zcoin: https://zcoin.io/how-to-use-trezor-with-zcoin/
"Were happy that Zcoin has finally been integrated with Trezor, probably the worlds most widely-used hardware wallet. While the current firmware fully supports Zcoin, Trezor has announced that we will only be gradually surfacing in Trezor Wallet and that coins can be accessed via third-party applications like Electrum. In this tutorial we will be showing you two ways to use Trezor with Zcoin; one using the Trezor Wallet and the other using our version of Electrum, Electrum-XZC."
YES!!! Thank you Zcoin and Trezor.
Great topic!
I've been working with some BitcoinTalk folks on a master list of ICO evaluation questions and would appreciate your input. We've played with the idea of creating a "Deal-Breakers" list like your Red Flags, but haven't formalized anything. The big question with red flags or deal-breakers is how the individual investor views the information. A red flag in some cases may not be a deal-breaker. And a red flag for one person may not be for another, based on opinion and or access to information.
How do you plan to address the issue of gray areas with respect to red flags?
Best,
Crypto-Kristen
I've been working with some BitcoinTalk folks on a master list of ICO evaluation questions and would appreciate your input. We've played with the idea of creating a "Deal-Breakers" list like your Red Flags, but haven't formalized anything. The big question with red flags or deal-breakers is how the individual investor views the information. A red flag in some cases may not be a deal-breaker. And a red flag for one person may not be for another, based on opinion and or access to information.
How do you plan to address the issue of gray areas with respect to red flags?
Best,
Crypto-Kristen
You got an exhaustive list of questions to be asked before investing into an ICO. That is a great job done!
We believe in the technology and think that any team should have a chance if it is openminded and full of enthusiasm. Nobody knows the future and a small team can make a big difference. However we need to take into consideration risks connected to project.
Quote
3. Technology: what is the tech?
What type of technology is it? (DApp? Infrastructure? Currency?)
What blockchain is it running on?
Are they developing their own infrastructure instead? If so, why?
Is the token mineable?
What type of technology is it? (DApp? Infrastructure? Currency?)
What blockchain is it running on?
Are they developing their own infrastructure instead? If so, why?
Is the token mineable?
Things that could be added here:
- Is the technology proposed by the team making any difference and helps blockchains to evolve? (Close to this question: Are they developing their own infrastructure instead? If so, why?)
- What problem does this technology solve that is not solved before?
- Does the technology depend on other projects?
Quote
4. Minimum Viable Product: how solid is the product?
Is there a working prototype?
Is there a working prototype code working on a testnet?
Do they have prototype code at all (even if its not currently executed)?
Is the code a copycat that implemented no new features?
Does the code have commentary?
Does the commentary explain clearly the purpose of the function?
Are the functions a reasonable length? i.e. are they less than 50 lines?
Does the code allow for rapid expansion of user base and network interactions?
Are there any external audits of the code?
Is the product's technical specification thorough and does it demonstrate mastery of the subject matter?
Are there people out there who want and need this product right now?
Does the product benefit from network effects?
Things to add:
- Were there any public tests of the product performance? Number of transactions per second, potential vulnerabilities, etc.
- Do they have a wallet to store coins/tokens saved offline or is it supported by any working wallets that can be used offline?
Another section that is almost every project is weak at is Business Model.
Thank you for the fast response! I will integrate your feedback now and link to this topic.
Crypto-Kristen
Isn't it fair to say that any currency can become collectible? Numismatics for example... what is the value of an ancient coin now versus when it was held as currency? So, if Bitcoin is seen as cool/valuable, people will collect regardless of its ability to function well as a currency.
You can judge an ICO from its telegram channel because it's the best place where team can interact with investors and supporters. Most of good ICO are having a locked channel for announcements, bounty channel and another channel where team interact with investors.
And evidence of these Telegram tactics is an indicator that the ICO may have some actual marketing strategy behind it.
⭐ Merited by paxmao (1)
Great topic!
I've been working with some BitcoinTalk folks on a master list of ICO evaluation questions and would appreciate your input. We've played with the idea of creating a "Deal-Breakers" list like your Red Flags, but haven't formalized anything. The big question with red flags or deal-breakers is how the individual investor views the information. A red flag in some cases may not be a deal-breaker. And a red flag for one person may not be for another, based on opinion and or access to information.
How do you plan to address the issue of gray areas with respect to red flags?
Best,
Crypto-Kristen
I've been working with some BitcoinTalk folks on a master list of ICO evaluation questions and would appreciate your input. We've played with the idea of creating a "Deal-Breakers" list like your Red Flags, but haven't formalized anything. The big question with red flags or deal-breakers is how the individual investor views the information. A red flag in some cases may not be a deal-breaker. And a red flag for one person may not be for another, based on opinion and or access to information.
How do you plan to address the issue of gray areas with respect to red flags?
Best,
Crypto-Kristen
Re: Announcing Kwhcoin Digital currency backed by kWh Lowering Solar Cost
Join KWHCoin for an AMA ("Ask Me Anything") with CEO Girard Newkirk TODAY 2/1 at 6PM EST.
RSVP now at https://shindig.com/login/event/kwhcoinama
Hope you'll join us!
Best,
Crypto-Kristen
RSVP now at https://shindig.com/login/event/kwhcoinama
Hope you'll join us!
Best,
Crypto-Kristen
Re: Announcing Kwhcoin Digital currency backed by kWh Lowering Solar Cost
3 Reasons Why KWHCoin Is The Superior Green Energy Token
KWHCoin is on a mission to deliver clean, reliable energy to a global, decentralized network, serving as a baseline compensation mechanism for the emerging Internet of Energy (IoE). Ultimately, KWHCoin aims to provide access to clean energy markets to anyone with a smartphone or computer.
Conceptually, the KWHCoin is a blockchain-based solution for a cost effective and network incentive-based structure to help shift from fossil fuels to efficiency and renewables. But lets be honest: this hardly sounds like a new idea, does it?
So, what makes KWHCoin truly special in a sea of ICOs?
https://kwhcoin.com/2018/01/25/superior-green-energy-token/
All the best,
Crypto-Kristen
KWHCoin is on a mission to deliver clean, reliable energy to a global, decentralized network, serving as a baseline compensation mechanism for the emerging Internet of Energy (IoE). Ultimately, KWHCoin aims to provide access to clean energy markets to anyone with a smartphone or computer.
Conceptually, the KWHCoin is a blockchain-based solution for a cost effective and network incentive-based structure to help shift from fossil fuels to efficiency and renewables. But lets be honest: this hardly sounds like a new idea, does it?
So, what makes KWHCoin truly special in a sea of ICOs?
https://kwhcoin.com/2018/01/25/superior-green-energy-token/
All the best,
Crypto-Kristen
Hard Cap
Soft Cap
ROI
Marketcap
Freeze
Vesting
Staking
Masternodes
The list could be endless, but I wish you good luck with this compilation, it has a certain potential to help newcomers.
Thanks! I added the terms. What do you think about breaking all these definitions into sections? I'm thinking I could group definitions into the same sections on THE LIST
Appreciate your help!
Crypto-Kristen
Hi all,
I'm working on this list of ICO definitions. This is a LIVING LIST, and I'm seeking input so that I can create a public glossary of sorts. Share your thoughts! I'll constantly update the definitions on this list based on new information. See the end of the list for sources...there will be many in addition to the feedback I get here.
This ICO DEFINITION LIST works in tandem with this HOW TO EVALUATE ICO OPPORTUNITIES list.
First, I am gathering a list of terms to be defined. Let me know what you'd like to add:
Thanks in advance for your collaboration!
Sources:
1. Stack Exchange: https://ethereum.stackexchange.com/questions/383/what-is-a-dapp
2. "Coins, Tokens & Altcoins: Whats the Difference?" by Master the Crypto: https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/
I'm working on this list of ICO definitions. This is a LIVING LIST, and I'm seeking input so that I can create a public glossary of sorts. Share your thoughts! I'll constantly update the definitions on this list based on new information. See the end of the list for sources...there will be many in addition to the feedback I get here.
This ICO DEFINITION LIST works in tandem with this HOW TO EVALUATE ICO OPPORTUNITIES list.
First, I am gathering a list of terms to be defined. Let me know what you'd like to add:
- DApp: Abbreviated form of decentralized application. A DApp has its backend code running on a decentralized peer-to-peer network.
- Token: Representation of a particular asset or utility, that usually resides on top of another blockchain.
- Altcoin: Abbreviated form of alternative cryptocurrency coins. Coins that are an alternative to Bitcoin. Each altcoin possesses its own independent blockchain, where transactions relating to the native coins occur.
- Utility Token:
- Security Token:
- Usage/Work Token:
- Use Case:
- Testnet:
- MVP:
- Hard Cap:
- Soft Cap:
- ROI:
- Marketcap:
- Freeze:
- Vesting:
- Staking:
- Masternodes:
- Mining:
- Proof of Work:
- Proof of Stake:
- Hashing:
- Gas:
- gwei:
Thanks in advance for your collaboration!
Sources:
1. Stack Exchange: https://ethereum.stackexchange.com/questions/383/what-is-a-dapp
2. "Coins, Tokens & Altcoins: Whats the Difference?" by Master the Crypto: https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/
This ICO evaluation methodology by ICORating is nicely outlined.
https://icorating.com/methodology/
I'm especially interested in their hype-score and the description of quantitative vs. qualitative factors.
Any other pieces of this jump out as concepts I need to include in THE LIST?
Thanks!
Crypto-Kristen
https://icorating.com/methodology/
I'm especially interested in their hype-score and the description of quantitative vs. qualitative factors.
Any other pieces of this jump out as concepts I need to include in THE LIST?
Thanks!
Crypto-Kristen
Help! I like this excerpt from CryptoPotato's "10 keys for evaluating Initial Coin Offering (ICO) investments" but want to turn it into a series of questions. Anyone able to assist?
Source: https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/
9 Quality of the code Meet Githhub
If you have a little bit of programming experience, you should be using it here. The quality of a developer can be understood by analyzing some of their code. As a non-techie, it is still possible to evaluate their quality by looking at the consistency of the code. Another good indicator, is the usage of proper commenting. Avoid messy developers. A piece of code reflects the attitude of a developer.
Next, the length of a function is another indicator. A function containing more than 50 lines of code should raise a red flag. Modularity is important and makes the code more readable and maintainable.
Crypto projects tend to have open-source code. This creates trust among the projects community, encouraging devs from the community to make suggestions or improvements. An open-source project provides the opportunity to look at the commit logs. A commit is essentially developer slang for pushing a piece of code to the Github code repository.
Thanks in advance,
Crypto-Kristen
Source: https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/
9 Quality of the code Meet Githhub
If you have a little bit of programming experience, you should be using it here. The quality of a developer can be understood by analyzing some of their code. As a non-techie, it is still possible to evaluate their quality by looking at the consistency of the code. Another good indicator, is the usage of proper commenting. Avoid messy developers. A piece of code reflects the attitude of a developer.
Next, the length of a function is another indicator. A function containing more than 50 lines of code should raise a red flag. Modularity is important and makes the code more readable and maintainable.
Crypto projects tend to have open-source code. This creates trust among the projects community, encouraging devs from the community to make suggestions or improvements. An open-source project provides the opportunity to look at the commit logs. A commit is essentially developer slang for pushing a piece of code to the Github code repository.
Thanks in advance,
Crypto-Kristen
And regarding the questions, how about (in order of importance - 1. most, 4. least):
1. Does the code have commentary?
2. Does the commentary explain clearly the purpose of the function?
3. Are the functions a reasonable length? i.e. are they less than 50 lines?
4. How frequent are commit logs? - I would personally leave this one out however. There's an excellent comment in the article left by someone explaining why commits aren't necessarily all that important (if I recall from memory correctly, don't have it to hand atm).
Awesome, thank you. I updated the list. Put these questions under "Technology"... do you agree? Is that the best section?
Best,
Crypto-Kristen
Help! I like this excerpt from CryptoPotato's "10 keys for evaluating Initial Coin Offering (ICO) investments" but want to turn it into a series of questions. Anyone able to assist?
Source: https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/
9 Quality of the code Meet Githhub
If you have a little bit of programming experience, you should be using it here. The quality of a developer can be understood by analyzing some of their code. As a non-techie, it is still possible to evaluate their quality by looking at the consistency of the code. Another good indicator, is the usage of proper commenting. Avoid messy developers. A piece of code reflects the attitude of a developer.
Next, the length of a function is another indicator. A function containing more than 50 lines of code should raise a red flag. Modularity is important and makes the code more readable and maintainable.
Crypto projects tend to have open-source code. This creates trust among the projects community, encouraging devs from the community to make suggestions or improvements. An open-source project provides the opportunity to look at the commit logs. A commit is essentially developer slang for pushing a piece of code to the Github code repository.
Thanks in advance,
Crypto-Kristen
Source: https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/
9 Quality of the code Meet Githhub
If you have a little bit of programming experience, you should be using it here. The quality of a developer can be understood by analyzing some of their code. As a non-techie, it is still possible to evaluate their quality by looking at the consistency of the code. Another good indicator, is the usage of proper commenting. Avoid messy developers. A piece of code reflects the attitude of a developer.
Next, the length of a function is another indicator. A function containing more than 50 lines of code should raise a red flag. Modularity is important and makes the code more readable and maintainable.
Crypto projects tend to have open-source code. This creates trust among the projects community, encouraging devs from the community to make suggestions or improvements. An open-source project provides the opportunity to look at the commit logs. A commit is essentially developer slang for pushing a piece of code to the Github code repository.
Thanks in advance,
Crypto-Kristen
Feel free to suggest a resource!
Here are the sources currently reflected in the list:
1. "Our Process for Evaluating New Tokens" by Nick Tomaino https://thecontrol.co/our-process-for-evaluating-new-tokens-4627ed97f500
2. "Scrap the White Paper: How to Evaluate Tokens and Blockchains" by Coindesk https://www.coindesk.com/scrap-white-paper-evaluate-tokens-blockchains/
3. "How to Evaluate an Initial Coin Offering" by Strategic Coin http://strategiccoin.com/evaluate-initial-coin-offering/
4. "Due Diligence: How to Evaluate an ICO" by Cryptos R Us https://cryptosrus.com/due-diligence-how-to-evaluate-an-ico-initial-coin-offering/
5. "Due Diligence: How to Evaluate an ICO Investment" by Bitcoin Market Journal https://www.bitcoinmarketjournal.com/ico-due-diligence/
6. "10 Steps for Evaluating Digital Asset Crowdsales" by Token Market https://tokenmarket.net/blog/how-to-invest-to-ico-and-blockchain-tokens/
7. "10 keys for evaluating Initial Coin Offering (ICO) investments" by CryptoPotato https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/
One list to rule them all!
Crypto-Kristen
Here are the sources currently reflected in the list:
1. "Our Process for Evaluating New Tokens" by Nick Tomaino https://thecontrol.co/our-process-for-evaluating-new-tokens-4627ed97f500
2. "Scrap the White Paper: How to Evaluate Tokens and Blockchains" by Coindesk https://www.coindesk.com/scrap-white-paper-evaluate-tokens-blockchains/
3. "How to Evaluate an Initial Coin Offering" by Strategic Coin http://strategiccoin.com/evaluate-initial-coin-offering/
4. "Due Diligence: How to Evaluate an ICO" by Cryptos R Us https://cryptosrus.com/due-diligence-how-to-evaluate-an-ico-initial-coin-offering/
5. "Due Diligence: How to Evaluate an ICO Investment" by Bitcoin Market Journal https://www.bitcoinmarketjournal.com/ico-due-diligence/
6. "10 Steps for Evaluating Digital Asset Crowdsales" by Token Market https://tokenmarket.net/blog/how-to-invest-to-ico-and-blockchain-tokens/
7. "10 keys for evaluating Initial Coin Offering (ICO) investments" by CryptoPotato https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/
One list to rule them all!
Crypto-Kristen
Hi all,
Just updated THE LIST - see the first entry on this topic.
May I have your input on the questions currently included on the list?
And AS ALWAYS, please share all feedback. :-)
Best,
Crypto-Kristen
Just updated THE LIST - see the first entry on this topic.
May I have your input on the questions currently included on the list?
- Are the questions in the correct (most appropriate) sections?
- Are the questions phrased correctly?
- Are the questions arranged in a natural order?
And AS ALWAYS, please share all feedback. :-)
Best,
Crypto-Kristen
Just made another update to the list in the first post.
Added questions from this article (more to come):
"Our Process for Evaluating New Tokens"
https://thecontrol.co/our-process-for-evaluating-new-tokens-4627ed97f500
Crypto-Kristen
Added questions from this article (more to come):
"Our Process for Evaluating New Tokens"
https://thecontrol.co/our-process-for-evaluating-new-tokens-4627ed97f500
Crypto-Kristen
Hi all,
Starting to build out the questions now. Please refer to the first entry, I will keep updating it as this list takes shape.
Just added some questions from this Coindesk article: https://www.coindesk.com/scrap-white-paper-evaluate-tokens-blockchains/
Please share your thoughts!
Crypto-Kristen
Starting to build out the questions now. Please refer to the first entry, I will keep updating it as this list takes shape.
Just added some questions from this Coindesk article: https://www.coindesk.com/scrap-white-paper-evaluate-tokens-blockchains/
Please share your thoughts!
Crypto-Kristen
Hello thepo1m,
Thank you for joining the conversation! Objectivity is the foundation of this list.
Ultimately, I'd like to be able to enter facts into the checklist to help formulate an opinion based on data (as much as possible, some information is anecdotal). This list would also help isolate areas of strength/weakness to direct further investigation.
Best,
Kristen
Thank you for joining the conversation! Objectivity is the foundation of this list.
Ultimately, I'd like to be able to enter facts into the checklist to help formulate an opinion based on data (as much as possible, some information is anecdotal). This list would also help isolate areas of strength/weakness to direct further investigation.
Best,
Kristen
I would add one more step for advisers between 5 and 6. It says a lot if project has real and known advisers who are familiar with the field and who could help the team on a way of their idea implementation. It usually decreases chances of being scammed for investors if there are at least few authoritative people who stand behind the project. Of course that's the case if not just only their photos are placed on the project's website but they really support the project.
Great point. I updated the post accordingly.
You also gave good details for the questions within that section. I'll begin posting those parts of the checklist once we have a better feeling that the sections are comprehensive. Make sense?
One list to rule them all!!!