Bitcointalk username : LaNgwenya
Telegram username : @LaNgwenya
Twitter username : @EarnOnlineWith_
Joined Telegram & Twitter: Yes

I would like to suggest that the exchange has some section which will allow for it's users or traders to easily file for their taxes with all the proper forms available for them to do so. I know that many crypto investors and traders have been faced with the challenge of correctly filing their tax returns with many not knowing how to do so in the first place.

Having some kind of a feature which can track and appropriately store trading information so it can easily be accessed later will be of a great help to the majority of us, your users. This can be data which will easily be copied and pasted to the corresponding tax forms.

 

To be honest I haven't seen to much of anything crypto or any distributed ledger technology come out of Australia so it is probably a good thing that this is coming from a different jurisdiction for once. Many projects lately have been launching out of Europe, Asia, and North America so hopefully this brings with it new opportunities and solutions to problems faced by projects from the aforementioned continents.

As far as Australian regulations go with regards to cryptocurrencies, I am as clueless as the next guy. It is however reassuring to see that this project has a strong, experienced and diverse team behind it, along with its competent advisors across different sectors where challenges will definitely need to be met and dealt with by people with the experience to do so.

I have high expectations for this project, actually it's expectations they've set themselves, and I hope they are able to deliver on them. I have to say that it is again reassuring to see that they've already launched their mobile wallet before the project has even gone live.

Major salutations on that!

The capabilities that blockchain technology offers the world are almost insurmountable and although there are a lot of great projects that have capitalized on this technology there is still a huge gap in the different sectors and use cases. Luckily, I've realized that Nauticus alone will solve at least four of the reservations I've had about the shortcomings of innovation failing to keep up with distributed ledger technology. Such reservations are in the eCommerce, merchant payments, global KYC and ICO gateway sectors within the blockchain ecosystem.

I am relived but mostly excited to see Nauticus finally capitalize and solve these problems because one of the most attractive traits of blockchain technology is the ability to maximize convenience for anything that it touches as it should. For example, the worldwide eCommerce will unite buyers and sellers into one marketplace and freely be able to make peer to peer transactions through a safe and trustworthy marketplace using cryptocurrencies. Secondly, the introduction of merchant payments is something that has somehow eluded many others but hopefully it can finally be cracked and we see crypto merchant payments finally reach the masses.

Since all these will be carried out through the blockchain, it means that transactions will be faster, cheaper and more reliable for all parties involved.

This project looks to be what I have been waiting for in the crypto space for a long time now. An exchange that has multiple trading pairs tied to hundreds of cryptocurrencies will make this a one stop platform for both the serious investor and the inexperienced investor.

I was surprised to find out that one of the features of this exchange is the ability to support ICO's during the investment stage and listing them on the exchange once they go live. A problem I have when dealing with ICO's is the whole KYC procedure we're faced to endure for each and every new ICO that we partake in. Hopefully this 'Global KYC Verification' system will truly solve this problem even if it is just for the ICO projects that Nauticus will support.

Even before its launch the project is already strides ahead of its competitors with the recent delivery of its mobile wallet app which is going to make it easier for me to stay connected everywhere I am. Talk about a one stop crypto shop!

I look forward to making this Nauticus my new home.

That's the whole point of blockchain - to have a border-less economic system even with parties you don't necessarily get along with but with blockchain technology become somewhat trustworthy.

On the contrary actually, "this is the beginning of cryptocurrency" but because this space is still young it means that it is still widely immature and swayed easily by outside forces. The dips are further worsened by traders who've placed sell orders for when btc drops to certain price points to protect their profits only to buy again when it reaches the bottom. I've heard Tone Vays recently say that he does see bitcoin dropping all the way down to $4K and possibly even further. Other than that I wouldn't really know as I don't speculate especially not in the short term, I just Hodl.

There's been a whole lot of good news regarding btc this year and the price action has remained somewhat bearish 6 months into the year and at a slight negative thing happening we see massive drops like the recent one. The recent exchange hack shouldn't have caused such a drop across all cryptos because this was a small exchange used mainly by locals. So my take on the sudden fall is that there is serious price manipulation slowing things down across the market.

This is something I've been questioning for a while now, it seems that exchanges are so focused on "complying with the SEC" they forget part of the reason we use blockchains. A certain level of anonymity is required if we're ever going to become fully independent of the old system. These KYC processes are so extreme to where they need not only your ID but your current picture of you holding your ID and your proof of address. At least with traditional databases you don't have to do all this and even if you did crypto is supposed to be better than that.