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Re: Which coins have software that is actually being used?
MOAC is a great platform that is being adopted quite rapidly in China https://www.moac.io/
Scalability is something developers are working hard to achieve. There's also the privacy and sustainability to comes along with it. There are few Layer 1 protocols that can achieve this.. Ethereum is working on it while MOAC has a pretty solid foundation. Layer 2 protocols we are slowly starting to see roll out now too
I would say non-collateralized stable coins are NEW money. Fiat backed is still fiat. I find what Maker and Ampleforth doing really interesting. Difficult to grasp for new users but I think with time and the proper education people will appreciate what they're trying to achieve.
There will always be a fee, it's how the system generates work. There are definitely platforms that have cheaper fees than Ethereum for example Moac has a 90% less fee. You can find this information depending on the consensus it uses and how much work goes into completing the transaction
I appreicate the playfulness the write had in the article, I had a good laugh at the hodl her tight part.
I would like to add that more pepple have the opprtunity to be creative in a digital world. All of the resources are available free online and anyone ahs the opportunity to create something that oculd change the world
I would like to add that more pepple have the opprtunity to be creative in a digital world. All of the resources are available free online and anyone ahs the opportunity to create something that oculd change the world
I think you should involve yourself in projects that seem the most interesting and makes the most sense on a global scale. Cross chain compatibility projects are a hot topic atm like Polkadot and Cosmos as is an elastic supply policy like that of ampleforth. Those are two things I am looking into.
MyCrypto https://mycrypto.com/account
That article was actually pretty funny and from the comments it seems like there is more FUD than love tbh. For me though I am truly fascinated by the fact that so many smart individuals are building such a badass system together. I also want to see a global currency and know it will happen in our life time.
This scandal actually is not the only one, it is the only one big we know. Blockchain can secure the data better, facebook try to secure the data only as they use the date to make money 
this exactly. I see a lot of great benefits with something like algebraix. great way to make some money watching great content. have any of you downloaded their app?
Re: Havven (stablecoins) will be the next big thing I tell you
here's a great update on havven:
-launched their dashboard (they have around 70,000 wallets holding havven): http://alchemy.havven.io/
-estore launched and now you can buy apple products with eUSD: https://blog.havven.io/purchase-apple-products-with-eusd-in-the-estore-usa-only-58ee537772bc
-partnered with an ecommerce platform to integrate havven: https://blog.havven.io/announcing-alldayzip-5f2f224992a5
this is all great news guys
-launched their dashboard (they have around 70,000 wallets holding havven): http://alchemy.havven.io/
-estore launched and now you can buy apple products with eUSD: https://blog.havven.io/purchase-apple-products-with-eusd-in-the-estore-usa-only-58ee537772bc
-partnered with an ecommerce platform to integrate havven: https://blog.havven.io/announcing-alldayzip-5f2f224992a5
this is all great news guys
I think it really depends on the project and also on the advisors/roles. In this case, these advisors will be very beneficial to the project. on a side note, this is a very interesting project
Great read about the top crypto myths: https://medium.com/algebraix-data/five-common-crypto-myths-torn-asunder-f7149a5e3d73
Myth 1: Crypto is not secure
Blockchain technology has its tenth birthday this year in October if you measure its birth from the publication of Satoshi Nakamotos original paper. If you measure it from the release of the software, it occurs in January next year. Either way, the technology is nearly ten years old, is considered unbreakable (at least until quantum computers grow tall) and has never been successfully hacked.
The crypto-is-insecure lie is fake news formed from a chain of successful crypto-heists. Here are the most notable:
Mt Gox Version 1.0: ($500,000) In 2011, a hacker using an unidentifiable user account made off with 25,000 Bitcoin, worth half a million in those days and much more now. (wallet security is much improved since those days).
Silk Road, The Sequel: ($2.7 million) The feds closed the Silk Road in October 2013, and doppelganger site appeared as if from nowhere. Sadly the security was not as good as the original. A hacker blew through it and cleaned it out to the tune of $2.7 million.
The Sheep Marketplace: ($56 m) The Sheep Marketplace opened at the same time as Silk-Road-the-Sequel, surviving a little longer before a marauding hacker got his hands on some ill-gotten gains. This was an epic heist, 96,000 Bitcoins worth about $56.4 million and the hacker had the cheek to manipulate user account balances so that it looked like nothing had happened.
Mt. Gox Version 2.0 ($436 million) After February 2014 when Mt Gox finally shut its doors, 744,408 Bitcoin were missing. This hack had the added impact of crashing the price of Bitcoin.
The Pony Botnet: ($220,000) A botnet using trojan malware called Pony stole vast numbers of login credentials from 700,000 accounts, 85 of which had Bitcoin wallets. The hacker emptied them to the tune of $220,000.
The Demise of the DAO: ($55 million) The first smart contract on Ethereum was not so smart. It served the DAO (a Decentralized Autonomous Organization) and had a bug, The hacker who hacked it spirited away about $55 million. As a side effect, the Ether community forked the blockchain, but the crypto stayed stolen.
In every case, the crypto stayed stolen, but none of this can be blamed on a blockchain technology problem.
Myth 2. Cryptos are a scam, a shakedown a Ponzi scheme, no less
Ok, there have been many crypto-based fraudulent schemes. The most frequent and successful scam is the Exit Scam. It works like this:
Dream up a crypto idea that sounds feasible and claim it will print mountains of money for investors.
Create a website, complete with cool artwork, a well-written white paper, impressive sounding advisers and a product roadmap.
Launch ICO.
When ICO completes, take the money and run.
Here are some examples.
Pincoin Token: A team of 7 Vietnamese entrepreneurs promised constant returns to investors. They launched an ICO and reaped $660 million from about 32,000 suckers. They even paid out a little to the investors before they did a moonlight flit. They have not been heard of since.
Benebit: What do you think of this idea: lets unify all customer loyalty programs? Brilliant, eh? Sorry, but its too late to invest. The ICO is over, and the company behind it has evaporated, along with an estimated $4 million demonstrating a distinct lack of customer loyalty.
PonziCoin: This earns itself a mention; barefaced branding at its best. It billed itself as the worlds first legitimate Ponzi scheme. It was a prank website. It even included a public admission that it was a scam. Amazingly this didnt stop morons from pouring money into it. It raised over $250,000. What was the founder supposed to do? Naturally, cash in hand, he made a sharp exit.
A March 2018 study by the Satis Group, estimated that of all the large recent ICOs, a solid 81% were frauds, 6% failed, 5% are clinically dead, and only 8% made it to market.
Wait a minute. If thats the case, how is this a Myth?
Terminological inexactitude, dear reader. It should have read:
ICOs are frequently a scam, a shakedown a Ponzi scheme, no less
Thats why the SEC has pretty much called a halt to US ICOs. The point is that ICOs, not fully functional cryptocurrencies, are dangerous investment vehicles.
Myth 3. Cryptos have no real value
Give me a break, Krugman, he said, (imagining he was berating NYT columnist Paul Krugman) dollars, euros, and quetzals have as little real value as Bitcoin or Ether. Their value is linked to diddly-squat.
In contrast, there are more than a few cryptos that link to genuine gold. Here is a list of those currently being traded: AurumCoin, DigixGlobal, GoldMint, HelloGold, KaratBank, PureGold, Xaurum, AurusGold and OneGram Coin
There are also ten not-yet-fully-ICOed gold based cryptos: GoldCrypto, Golden Currency, XGold Coin, GoldMineCoin, BaselBit, AgAu, Darico, Gold Bits Coin, Flashmoni and Sudan Gold Coin
The real difference between fiat currency and crypto is that the crypto supply is governed by contract, whereas the fiat supply is in the corruptible hands of human beings.
And, if you want gold-backed money, where else are you going to get it?
Myth 4. Cryptos are for criminals and denizens of the dark web
There are some advantages to using cryptocurrency for some criminal activities. Its normal for hackers that spread ransomware to demand payment in Bitcoin. The now-defunct Silk Road did business in Bitcoin, selling drugs, medical supplies, and contraband. It meant that the money didnt have to travel through a bank account and for the bad guys thats the most useful feature of Bitcoin.
In truth, Bitcoin is dominated by legitimate use. It is held as a pure investment, and as a safe store of money. Decentralization and pseudo-anonymity are features criminals like, but so do people living in economically unstable environments. If you cannot trust local banks because of corruption, or if the country you live in is unstable (think Venezuela) its a good place to store your stash of cash.
In the US, if you put your money in the bank and it fails, then you are insured (by FDIC) only up to a loss of $250,000. If you want to hold a larger amount then Bitcoin works fine. Bitcoin also sees heavy used on crypto exchanges as a unit of value to measure other crypto.
There is far more criminal use of the dollar: for money laundering, for drug trafficking, for bank robbering and so on, than occurs with Bitcoin or any other cryptocurrency.
Myth 5. The Use of Crypto is Anonymous
Not so much. A computer security professional I know recently told me that the NSA had copied and analyzed the Bitcoin blockchain and was able to tie back almost all the Bitcoin wallets that exist to their owners. I have no idea whether this is true, but it would not surprise me because its possible.
The point is that Bitcoin is an open ledger so you can tie the wallet addresses to amounts of Bitcoin. If you can tie the wallet address to an individual, youve got full knowledge of their holding, and their trades. And most ways to get Bitcoin, through an exchange of any kind, involves you providing identifying details.
You can get into bitcoin in anonymous ways, by buying it on the street through Local Bitcoin traders. There are also three coins; Dash, Monero and Zcash that allow anonymous trading, so you could achieve anonymity through them. But they are the exception. The majority of crypto transactions are on the record.
Contrast this with paper money, such as dollar notes. These are truly untraceable, and hence they are far better than crypto for bad guys with money to hide.
Fueled by the ALX token, ALX by Algebraix is the leading media platform empowering individuals to control their data. Participate now! in the public token sale for accredited investors or Join the beta program.
Myth 1: Crypto is not secure
Blockchain technology has its tenth birthday this year in October if you measure its birth from the publication of Satoshi Nakamotos original paper. If you measure it from the release of the software, it occurs in January next year. Either way, the technology is nearly ten years old, is considered unbreakable (at least until quantum computers grow tall) and has never been successfully hacked.
The crypto-is-insecure lie is fake news formed from a chain of successful crypto-heists. Here are the most notable:
Mt Gox Version 1.0: ($500,000) In 2011, a hacker using an unidentifiable user account made off with 25,000 Bitcoin, worth half a million in those days and much more now. (wallet security is much improved since those days).
Silk Road, The Sequel: ($2.7 million) The feds closed the Silk Road in October 2013, and doppelganger site appeared as if from nowhere. Sadly the security was not as good as the original. A hacker blew through it and cleaned it out to the tune of $2.7 million.
The Sheep Marketplace: ($56 m) The Sheep Marketplace opened at the same time as Silk-Road-the-Sequel, surviving a little longer before a marauding hacker got his hands on some ill-gotten gains. This was an epic heist, 96,000 Bitcoins worth about $56.4 million and the hacker had the cheek to manipulate user account balances so that it looked like nothing had happened.
Mt. Gox Version 2.0 ($436 million) After February 2014 when Mt Gox finally shut its doors, 744,408 Bitcoin were missing. This hack had the added impact of crashing the price of Bitcoin.
The Pony Botnet: ($220,000) A botnet using trojan malware called Pony stole vast numbers of login credentials from 700,000 accounts, 85 of which had Bitcoin wallets. The hacker emptied them to the tune of $220,000.
The Demise of the DAO: ($55 million) The first smart contract on Ethereum was not so smart. It served the DAO (a Decentralized Autonomous Organization) and had a bug, The hacker who hacked it spirited away about $55 million. As a side effect, the Ether community forked the blockchain, but the crypto stayed stolen.
In every case, the crypto stayed stolen, but none of this can be blamed on a blockchain technology problem.
Myth 2. Cryptos are a scam, a shakedown a Ponzi scheme, no less
Ok, there have been many crypto-based fraudulent schemes. The most frequent and successful scam is the Exit Scam. It works like this:
Dream up a crypto idea that sounds feasible and claim it will print mountains of money for investors.
Create a website, complete with cool artwork, a well-written white paper, impressive sounding advisers and a product roadmap.
Launch ICO.
When ICO completes, take the money and run.
Here are some examples.
Pincoin Token: A team of 7 Vietnamese entrepreneurs promised constant returns to investors. They launched an ICO and reaped $660 million from about 32,000 suckers. They even paid out a little to the investors before they did a moonlight flit. They have not been heard of since.
Benebit: What do you think of this idea: lets unify all customer loyalty programs? Brilliant, eh? Sorry, but its too late to invest. The ICO is over, and the company behind it has evaporated, along with an estimated $4 million demonstrating a distinct lack of customer loyalty.
PonziCoin: This earns itself a mention; barefaced branding at its best. It billed itself as the worlds first legitimate Ponzi scheme. It was a prank website. It even included a public admission that it was a scam. Amazingly this didnt stop morons from pouring money into it. It raised over $250,000. What was the founder supposed to do? Naturally, cash in hand, he made a sharp exit.
A March 2018 study by the Satis Group, estimated that of all the large recent ICOs, a solid 81% were frauds, 6% failed, 5% are clinically dead, and only 8% made it to market.
Wait a minute. If thats the case, how is this a Myth?
Terminological inexactitude, dear reader. It should have read:
ICOs are frequently a scam, a shakedown a Ponzi scheme, no less
Thats why the SEC has pretty much called a halt to US ICOs. The point is that ICOs, not fully functional cryptocurrencies, are dangerous investment vehicles.
Myth 3. Cryptos have no real value
Give me a break, Krugman, he said, (imagining he was berating NYT columnist Paul Krugman) dollars, euros, and quetzals have as little real value as Bitcoin or Ether. Their value is linked to diddly-squat.
In contrast, there are more than a few cryptos that link to genuine gold. Here is a list of those currently being traded: AurumCoin, DigixGlobal, GoldMint, HelloGold, KaratBank, PureGold, Xaurum, AurusGold and OneGram Coin
There are also ten not-yet-fully-ICOed gold based cryptos: GoldCrypto, Golden Currency, XGold Coin, GoldMineCoin, BaselBit, AgAu, Darico, Gold Bits Coin, Flashmoni and Sudan Gold Coin
The real difference between fiat currency and crypto is that the crypto supply is governed by contract, whereas the fiat supply is in the corruptible hands of human beings.
And, if you want gold-backed money, where else are you going to get it?
Myth 4. Cryptos are for criminals and denizens of the dark web
There are some advantages to using cryptocurrency for some criminal activities. Its normal for hackers that spread ransomware to demand payment in Bitcoin. The now-defunct Silk Road did business in Bitcoin, selling drugs, medical supplies, and contraband. It meant that the money didnt have to travel through a bank account and for the bad guys thats the most useful feature of Bitcoin.
In truth, Bitcoin is dominated by legitimate use. It is held as a pure investment, and as a safe store of money. Decentralization and pseudo-anonymity are features criminals like, but so do people living in economically unstable environments. If you cannot trust local banks because of corruption, or if the country you live in is unstable (think Venezuela) its a good place to store your stash of cash.
In the US, if you put your money in the bank and it fails, then you are insured (by FDIC) only up to a loss of $250,000. If you want to hold a larger amount then Bitcoin works fine. Bitcoin also sees heavy used on crypto exchanges as a unit of value to measure other crypto.
There is far more criminal use of the dollar: for money laundering, for drug trafficking, for bank robbering and so on, than occurs with Bitcoin or any other cryptocurrency.
Myth 5. The Use of Crypto is Anonymous
Not so much. A computer security professional I know recently told me that the NSA had copied and analyzed the Bitcoin blockchain and was able to tie back almost all the Bitcoin wallets that exist to their owners. I have no idea whether this is true, but it would not surprise me because its possible.
The point is that Bitcoin is an open ledger so you can tie the wallet addresses to amounts of Bitcoin. If you can tie the wallet address to an individual, youve got full knowledge of their holding, and their trades. And most ways to get Bitcoin, through an exchange of any kind, involves you providing identifying details.
You can get into bitcoin in anonymous ways, by buying it on the street through Local Bitcoin traders. There are also three coins; Dash, Monero and Zcash that allow anonymous trading, so you could achieve anonymity through them. But they are the exception. The majority of crypto transactions are on the record.
Contrast this with paper money, such as dollar notes. These are truly untraceable, and hence they are far better than crypto for bad guys with money to hide.
Fueled by the ALX token, ALX by Algebraix is the leading media platform empowering individuals to control their data. Participate now! in the public token sale for accredited investors or Join the beta program.
update for all havven holders: nUSD launches next month, you can now buy apple products in the store, launched a dashboard, and partnered with an ecommerce store that will integrate havven. So much good stuff that they're rolling out
https://blog.havven.io/purchase-apple-products-with-eusd-in-the-estore-usa-only-58ee537772bc
https://blog.havven.io/purchase-apple-products-with-eusd-in-the-estore-usa-only-58ee537772bc
I see a lot of potential in algebraix simply because of the data privacy issue we are facing nowadays. They offer a robust solution for our data woes and also reward us for our attention. IMO they will be huge
big fan of havven for the infrastructure, transparency, and team.
they even launched their estore where you can buy Apple product with eUSD and launched their dashboard: https://blog.havven.io/announcing-the-havven-dashboard-d08381509712
IMO this is what stablecoins need to be: proactive and transparent. I like havven the best because they are always announcing news and developments.
they even launched their estore where you can buy Apple product with eUSD and launched their dashboard: https://blog.havven.io/announcing-the-havven-dashboard-d08381509712
IMO this is what stablecoins need to be: proactive and transparent. I like havven the best because they are always announcing news and developments.
You can now buy an iPhone and apple homepod with a stablecoin!!!
I don't know about you but I'm freaking out about Havven's estore. You can now buy iphones, homepods, and their merch with eUSD. 
for me this is a huge turning point for crypto as this is the first time we are seeing a real world use case for it. nUSD is also set to launch June 11th too. this is craaazy. what do you guys think???
announcement: https://blog.havven.io/purchase-apple-products-with-eusd-in-the-estore-usa-only-58ee537772bc
store - https://shop.havven.io/
for me this is a huge turning point for crypto as this is the first time we are seeing a real world use case for it. nUSD is also set to launch June 11th too. this is craaazy. what do you guys think???
announcement: https://blog.havven.io/purchase-apple-products-with-eusd-in-the-estore-usa-only-58ee537772bc
store - https://shop.havven.io/