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Showing 20 of 62 results by Lucas Riley
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Board Bitcoin Discussion
Re: Cryptocurrency trading will be faded !!??
by
Lucas Riley
on 09/05/2018, 07:45:27 UTC
Well I think it is a matter of project quality.
A lot of past project are inactive and clear scam and for those is starting the delisting.
Other projects are active and tokens useful for the project and for earning generated so it is a matter of quality.


Ye I think project quality will 100% be the deciding factor. The technology is there. It has underlying value and use cases that are still yet unknown so I don't think alts will go anywhere...given then utilise the tech
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Topic
Board Marketplace
A survey on Exchange Security...These are the findings
by
Lucas Riley
on 09/05/2018, 07:42:14 UTC
SECURITY BEST PRACTICE.                        %

ddos protection 80.58%
x-frame-options  65.47%
strikt transport security 39.57%
x-content-type-options 35.25%
x-xss-protection 29.50%
using vulnerable libraries 25.90%
don't expose server information 20.14%
application security protection 15.11%
content-security-policy 2.16%
public-key-pins 0.72%

these were the results of a survey on done on 140 of the top exchanges and the percentage of them that follow the above security protocols. Safe to say its better to take control of your of crypto if you can!               
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Topic
Board Altcoin Discussion
Re: How many altcoins are you holding?
by
Lucas Riley
on 08/05/2018, 21:52:55 UTC
All forks of Bitcoin. Smiley

Very wise move. Think about how many airdrops you may receive over the next 10 years if all of this forking off continues !
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Topic
Board Economics
Re: Is the US Dollar Too Volatile?
by
Lucas Riley
on 07/05/2018, 12:37:24 UTC
Today, it seems everywhere you look there are negative things being said about bitcoin volatility.

To break up the monotony of borish media sources endlessly discussing btc volatility as if they have nothing better to do than beat dead horses 24/7/365, let's change the subject to a more neglected topic, that of: fiat volatility.  Smiley

Behold exhibit A.

https://i.imgur.com/km3TFeR.jpg

Image link: https://i.imgur.com/km3TFeR.jpg

This chart would appear to contradict what many say about the US dollar representing a stable value. The buying power of the US dollar appears to be declining significantly over time.

Example of the purchasing power of the US dollar declining: a 2 liter bottle of soda used to cost $1.00 in the united states, not long ago. Today it costs $2.00. If the paradigm shift from $1 to $2 occurs over a 10 year period, we might say that inflation is occurring @ a rate of 10% per year or the dollar is losing 10% of its value per year in contrast to purchasing food items like 2 liter bottles of soda. This precedent of diminishing fiat buying power could apply over our global economy.

So it is possible the purchasing power of the US dollar and other fiat currencies are diminishing significantly over time.

What are everyones thoughts on this?   Huh

Considering the dollar has lost 10% of its value in the last year you could definitely make a case. Aside from that, if you look at the dollar when it was taken off the gold standard in the 70's, the prices were just as volatile if not more than what we see in crypto today!
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Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
Lucas Riley
on 07/05/2018, 12:33:11 UTC
mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)


-a system of money in general use in a particular country.

So, is bitcoin money or currency?

I think there is on overlap for sure.

You can see it with the regulatory confusion.

CFTC - class it as a commodity
Fincen - class it as a currency
IRS - class it as property
SEC - security (basically a company)
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Topic
Board Legal
Re: Criminals and Bitcoin
by
Lucas Riley
on 05/05/2018, 19:17:02 UTC
I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes)  and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.

I wouldn't pay any attention to this nonsense. Whenever a new technology comes about it's inevitable that it will be used by criminals. They are always looking for an edge. Look at when the Internet came about! It was all about sex, drugs and fraud they said. Now look what it has become. I can see the save evolution for bitcoin/cryptocurrency
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Topic
Board Altcoin Discussion
Re: How would we know which cryptocurrency would be Scam?
by
Lucas Riley
on 04/05/2018, 12:07:11 UTC
I think there are a few steps you can follow that will reduce the risk of you investing in low quality projects. Look up the project on GitHub. Does it have an active community of developers? How engaged is the team when it comes to dealing with issues. A good place to start with that would be on this forum. All the major projects engage with their protocol users on this forum and you can have active engagement with them. What's the token issuance structure like as well? As in what proportion of the money raised goes to the team and how will that be released? If they take up an extremely large proportion and these are not released in incriminates then what will incentivise them to work hard after they receive the funds?
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Topic
Board Beginners & Help
Re: Why some ICO required KYC?
by
Lucas Riley
on 04/05/2018, 12:00:20 UTC
I think it's primarily to keep the regulatory bodies from going after them first. I think this year it's quite likely we will see a bit of a clamp down on the ICO that are following no best practices whatsoever. I think they will go for the low hanging fruit first so I think this is a case of ICO's trying to add some form of standardisation to their procedures
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Topic
Board Altcoin Discussion
Re: Which is more secure platform in the future, Bitcoin or Ethereum?
by
Lucas Riley
on 02/05/2018, 12:09:19 UTC
Bitcoin without doubt. Minus the fact ethereum have dismantled the theory of immutability after the Dao attack in the past, the overall size of their blocks will inevitably lead to a centralisation in the mining process. I think with casper they are attempting to tackle this problem but Im not sure it will fully deal with the centralisation which will always bring security issues.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin too complicated for ordinary folks?
by
Lucas Riley
on 02/05/2018, 12:06:29 UTC
Id say at the moment yes but only as a symptom of the industries infancy. The internet in the early 90s was the same! To send an email it would take days and there were all sorts of complicated protocols you would need to carry out just to get a message from a to b. A domain url that you type isn't the actual website you are visiting, in the early days you would have long IP addresses that you would need to input in order to get to your destination, this I think is equivalent to the long private and public keys we see today. The user interfaces in the industry are extremely rudimental currently but this will all improve over time.
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Topic
Board Altcoin Discussion
Re: NEO vs ADA
by
Lucas Riley
on 02/05/2018, 12:00:38 UTC
For the gent saying ether can only do 15 transactions a second...well, your wrong.
Heres a BILLION in the works...
https://www.ethnews.com/vitalik-buterin-and-joseph-poon-produce-scalability-solution-the-plasma-framework
Raiden however which is over 90 percent completed...and ticking along can do over 1 million transactions a second
http://raiden.network/
Alipay is a huge Chinese company thats user ethereums blockchain and massive banks are taking note...along with Mastercard who just joined the Enterprise ethereum Alliance...along with 300 members ... something NEO doesnt even remotely have...
https://cointelegraph.com/news/60-bln-alipay-to-adopt-blockchain-serving-two-bln-users
let alone venture capitalism.
https://www.forbes.com/sites/panosmourdoukoutas/2017/08/08/what-venture-capitalists-see-in-bitcoin-ethereum-litecoin-and-other-digital-currencies/#191324d8733f
When these guys talk....people will listen and then put these two together for long enough and as enterprising as they both are....as smart as they both are...
IMAGINE the links they can connect ....seriously...theres a ridiculous amount of oppurtunity here with these two
https://techcrunch.com/2017/08/10/vitalik-buterin-and-naval-ravikant-to-discuss-ethereum-and-icos-at-disrupt-sf/
dont even get me started on what the EEA is doin
so listen you want neo...go ahead it wont touch what vitalik has and is currently working on
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Topic
Board Marketplace (Altcoins)
Re: Cryptocurrency to be accepted on buses by 2025?
by
Lucas Riley
on 29/04/2018, 14:46:18 UTC
Lendingblock's latest survey reveals that 55% of people think cryptocurrency will be accepted on buses by 2025. Read more about this article here:

https://www.express.co.uk/finance/city/931467/Bitcoin-price-barclays-ripple-cryptocurrency-exchange-ethereum-BTC-to-USD-XRP-news

Once bitcoin and ethereum introduce state channels into the equation in raiden and the lightning network this will become a possibility. Add to that NFP (near field payments) in the way Apple Pay, wechat pay and alibaba pay do now in Asia and you have a recipe for a perfect quick payment method perfect for public transportation. No more ques waiting to pay for the bus!!
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Topic
Board Economics
Re: Brazil in the process of regulation. Good or bad?
by
Lucas Riley
on 29/04/2018, 14:41:31 UTC
Exclusive interview with President Fernando Furlan of the Brazilian Association of Cryptomoedas and Blockchain. Brazil in the process of regulation. Good or bad? https://www.criptomoedasfacil.com/entrevista-exclusiva-com-presidente-fernando-furlan-da-associacao-brasileira-de-criptomoedas-e-blockchain/

I think it's good to be honest. The uncertainty surrounding regulation is what is holding the wave of institutional investors back at the moment. We are in the situation at the moment where there are no rules in the game. Regulations will give investors a framework to work with. This is the opportunity for retail investors now to take the risk that the big companies can't take at the minute. We all know some regulation is coming! I think it will be a case of KYC and anti money laundering/terrorism financing laws coming in which most businesses are already doing anyway. Once this becomes common practice I think the flood gates will open!
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Topic
Board Bitcoin Discussion
Re: Will bitcoin destroy the world?
by
Lucas Riley
on 29/04/2018, 14:35:40 UTC
Mankind can product the energy not only from oil. There are wind energy, sun energy. Soon people will switch to this types of energy product.

I think we are already starting to see people use alternative forms of energy. I think the overuse of energy is a big misconception to be honest. The way the mining process is designed forces people to seek the cheapest forms of energy. Which inevitably forces people to look for countries with an excess. If anything the whole process is energy efficient. On top of that you are turning bad money into sound money so even if it was was an inefficient process the outcome will be a much more stable decentralised currency which is a good use of resources in my opinion
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Topic
Board Altcoin Discussion
Re: When you try explain crypto to a non tech person!
by
Lucas Riley
on 28/04/2018, 22:07:09 UTC
I love the looks i get when i try to explain crypto to a non tech person! How do you guys deal with situations like these?

I just ask them if they've ever tried sending money abroad. If they say yes I ask them what the experience was like. This invariably comes back negative. I they say imagine if you could send money abroad instantly with little to no fees and they agree this would be great and thats when I hit them with this article

https://globalcoinreport.com/a-99-million-transaction-with-litecoin-ltc-and-the-lightest-fee/
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Topic
Board Bitcoin Discussion
Re: Simalarities with bitcoin and the introduction of the internet
by
Lucas Riley
on 28/04/2018, 22:04:12 UTC
When the internet came out they said it was the playground of terrorists, money launderers and drug dealers. Sound familiar?
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Topic
Board Politics & Society
Re: Will Israel Attack Iran?
by
Lucas Riley
on 28/04/2018, 22:02:19 UTC
War on Iran would certainly affect the price of oil and that, in turn, could function as the catalyst that would cause the rapid meltdown of the fraudulent US dollar, and culminate with USA losing its dominant position as the ruling state in the world. In a surprise of all surprises, Israel could then replace USA as the new ruling state in the world, while controlling the new electronic money-system of the world that would then totally replace paper-money.

We are waiting for years to get rid of the cancer. using nukes on Iran is not an option, whatever they do, we will retaliate and bomb all the jews.
USA can't do shit about it, because we would nuke them if they attack us too.

I'm waiting to have american girls for a test jump, like they test jumped arab girls. lol. this is on you guys, you made me a lonely virgin ruthless terrorist. I'll make sure not to nuke any city where theymos lives, I'm saving him for last. he has to watch everything first. he broke our lives with merit

Note, bolded parts are jokes.

I think this is inevitable. Everyone should do themselves a favour and watch the series of interviews Genral Wesley Clark gave out after receiving a memo directly after 9/11 outlining the wests plan to take out 7 countries in 5 years ending in Iran. Ironically Iraq, Lydia and syria were on there and this video came out years ago. But yes eventually they will find an excuse to attack Iran. I just fear this could trigger a WW3 type scenario  Sad
Post
Topic
Board Speculation (Altcoins)
Re: Will NEO become one of the top 10?
by
Lucas Riley
on 28/04/2018, 21:58:38 UTC
I think they have a fair bit of work to do yet. They has allot of hype following the turn of the year but with the success of ontology it has shown successful ICOs can be launched on their platform for they will need a few more to solidify a top 10/5 position. I have been hearing routers of a partnership with the Chinese government once they decide to loosen their grip on the crypto market. I could see icon or Neo being the eth of Asia for sure. They do love to promote their own don't they so its not far fetched
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Topic
Board Economics
Re: will next decade be the bitcoin era ??
by
Lucas Riley
on 22/04/2018, 19:15:48 UTC
Fundstrats Charlie lee has a wonderful talk on what he expects between 2020-2030. His basic premise centres around the millennial generation moving into their prime saving years which incidentally is between 2020-2030. He says that stats already show that millennial spending habits are already very different, take a look at the types of alcohol that are popular now. He also says that each generation has its biggest economic impact as they move into their prime saving years. He thinks that if the millennials make a slight shift in terms of where they choose to store value, that is enough to make crypto explode in that decade. He thinks crypto will truly be a millennial story so lets wait and see.
Post
Topic
Board Bitcoin Discussion
Re: Dealing with Bitcoin or Crypto haters.
by
Lucas Riley
on 20/04/2018, 12:20:22 UTC
I stopped someone from proving something for a long time. To do this, I have a page in social networks, where I can see my progress and how I achieved it all. If interested, then contact. I do not spend time arguing.

This is the perfect thing to people who's main objection is that its a bubble. I agree and tell them the bubbles burst technically 7/8 times before and then show the charts. Needless to say they take it into consideration