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Anyone have concerns about this causing the alt coin market to crater? How much time do we have till the SEC makes their move? Also, what happens if an exchange were to shut down? Do the coins just go poof?
https://www.coindesk.com/legal-experts-warn-of-coming-crackdown-on-token-exchanges/
https://www.coindesk.com/tokens-can-be-securities-even-ico-advisors-agree-with-the-sec/
https://www.coindesk.com/legal-experts-warn-of-coming-crackdown-on-token-exchanges/
https://www.coindesk.com/tokens-can-be-securities-even-ico-advisors-agree-with-the-sec/
I think it's inevitable for US based exchanges. They'll have to be regulated or move out of the us and not sell to us consumers.
This will definitely spook people. Keep your coins in your wallet and not on the exchange.
It will be safe in my opinion.
Russian exchange?
I hope you are not talking about btc-e
although BTC-e is usually talking about russian language, but they are not based in Russia.
Our token (BAC) will be well-intergrated in our business model and has significant, long-term utility in driving transactions in our system. BAC in the LakeBanker system is comparable to XRP in Ripple (see https://ripple.com/xrp/) and ETH in Ethereum (https://www.ethereum.org/ether). BAC is the fuel of the system. All fees and interest in the system will be denominated in BAC. BAC will be based on the Ethereum blockchain and is ERC20-compliant.
Every single cryptocurrency has its own limitations---these include price volatility, unpredictability and technical shortcomings. By having our own token, we manage the token supply and are less vulnerable to issues outside our control.
When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong. The price of BAC is in the future is likely to reflect this.
Every single cryptocurrency has its own limitations---these include price volatility, unpredictability and technical shortcomings. By having our own token, we manage the token supply and are less vulnerable to issues outside our control.
When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong. The price of BAC is in the future is likely to reflect this.
ok, received your message. and there is another question, what the role does the tokens play in the whole project? does it really have the necessary of exist, rather than a new altcoin?
thanks for the reply, and just checked the white paper, I am confused about "There is a 5-year vesting schedule for the team tokens, where
only 20% is available for trading each year." and however it was said "BAC will be tradable on LakeBTC.comsoon after Phase 2. of the Token Sale and before November 1st 2017."
did it mean if I buy 100 tokens then I can only trade 20 tokens per year, and it need 5 years to get my investment back??
Re: [ANN] LakeBanker | Free Banking for the World --- Bounty Campaign
I see there are no rules details about how many words to create a video
may you can try toi create a video of 10 words, the bouns is 50-1000 token, at least, you can earn 50 BAC, it just a little effort.and I will follow your road if your video is accepted.
ok, received your message. and there is another question, what the role does the tokens play in the whole project? does it really have the necessary of exist, rather than a new altcoin?
fork is a programming term, which means something like "copy the code and change some stuff and release a new version".
here is an example from github. this is the trending repository of the day:
if you click the fork button, you create a fork of this repository. then you can change what you want in its code and release your own version.
with bitcoin, your fork and change needs to be accepted by the majority of the people on this decentralized system to become bitcoin. SegWit was the fork that got this majority support.
bitcoin classic, bitcoin xt, bitcoin unlimited, bitcoin cash, ... are the forks that never got anywhere near majority support and that is why there is a lot of fuss about it. but you can always fork and even mine your own version of bitcoin as long as you have money to burn on mining, electricity,...
here is an example from github. this is the trending repository of the day:
if you click the fork button, you create a fork of this repository. then you can change what you want in its code and release your own version.
with bitcoin, your fork and change needs to be accepted by the majority of the people on this decentralized system to become bitcoin. SegWit was the fork that got this majority support.
bitcoin classic, bitcoin xt, bitcoin unlimited, bitcoin cash, ... are the forks that never got anywhere near majority support and that is why there is a lot of fuss about it. but you can always fork and even mine your own version of bitcoin as long as you have money to burn on mining, electricity,...
indeed, fork means copy and improved, but the forked thing is quite different from the original
there is no BTC forever. I have get my Lakebtc account back, and deposit some btc to account balance.
how to join in the Phase 1. token sales? your instructions (https://lakebanker.com/sale) just said make a payment to tokensale@lakebanker.com. but it did not any respond after I send a payment to the designated account, that only my balance was deducted accordingly with no BAC token happened.
had I been involved? any tips or records?
how to join in the Phase 1. token sales? your instructions (https://lakebanker.com/sale) just said make a payment to tokensale@lakebanker.com. but it did not any respond after I send a payment to the designated account, that only my balance was deducted accordingly with no BAC token happened.
had I been involved? any tips or records?
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so. is it just another e-Wallet like OKPay, PerfectMoney etc?
A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.
We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).
In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions.
ok, I think the concept is interesting, but the mission is so boring.
people who need transfer money frequently are always few, most people will not transfer even once a year.
as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?
maybe my mind is too stupid, and I look forward to your more detailed plan.
before entry Bitcoin, I was these people who never use bank or other payment to transfer money
but now, I can say that I will send or receive at leaset one transfer every week.
