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Showing 8 of 8 results by Roseboy0202
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Topic
Board Altcoin Discussion
Concept of cryptocurrency Token
by
Roseboy0202
on 20/09/2018, 11:03:11 UTC
Well if you are in the cryptocurrency world for a little while you must have heard the word token quite a number of times
      What is a token?
   We can elucidate a Token in various ways.  A simple way being that token is a structure of cryptocurrency which are sold during an initial coin offering (ico) in exchange for money, bitcoin or ethereum or any form stated by the ico organisers
   Types of token according to an article I read on medium platform source  https://medium.com/swlh/types-of-tokens-the-four-mistakes-beginner-crypto-investors-make-a76b53be5406
   it's stated clearly there that At the moment, there is no unified classification for tokens. However, there are movements towards resolving this problem from SEC in the USA and FINMA in Switzerland. So the two above institution divide token into utility token and security token
 
      What's is a security token. 
 According to the dictionary security has to do with protection  well according to Wikipedia Howey test, are scales to determine whether an instrument qualifies as an "investment contract" for thepurposes of the Securities Act:

"a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits  from the efforts of the promoter or a third party."
  Well before a token can be deemed a security it important to pass this test
    Well most ico don't want to be a security token because they don't want to be under SEC(security and exchange Commission)
  And investors more often don't invest in security token.
 When ETH was declared a non security token by sec the value of ETH rose rapidly you can read more here https://www.[Suspicious link removed]s/www.computerworld.com/article/3269875/blockchain/sec-decision-on-ethereum-cryptocurrency-could-affect-others-funded-by-icos.amp.html
   
     Benefits of security token
 In a article on. https://medium.com/@argongroup/8-important-things-to-know-about-security-tokens-token-regulation-3d548a1a6367  Issuing security tokens under regulatory frameworks such as Regulation D,Regulation S, Regulation A+, and Regulation Crowdfunding is significantly cheaper and faster than conducting an initial public offering structured as utility tokens, and it can significantly reduce legal risk. Also Securities laws have been created and persistently refined for a considerable length of time. Security tokens would acquire an abundance of lawful points of reference that would light up token purchaser rights, insurances and desires. Moreover, they would elucidate obligations and commitments of the guarantor.
 
   What is Utility token
Utility is simply defined as a service provided for the public. Utility token is a digital token of cryptocurrency that is issued in order to fund development of the cryptocurrency and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency”
The above is the Merriam-Webster definition of a utility token.
Read more here https://medium.com/coinmonks/utility-tokens-a-general-understanding-f6a5f9699cc0
 Most ethereum erc-20 based token are utility token
  One major advantages of is that utility token are most time not included in sec or any other body regulations and this increase the investment if the token is well structured file coin for example raise $257 million dollars in sales by giving user entrance to decentralized cloud storage system so most ico prefers to be under utility token.
   
      How has token influenced the cryptocurrency world
 Well capitals are raised by icos by issuing tokens
    Tokens can be transferred accros networks and are tradeable on exchanges
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Topic
Board Meta
High level of transparency in bitcointalk forum is trail blazing
by
Roseboy0202
on 19/09/2018, 19:29:39 UTC
A simple dictionary explanation of transparency is allowing you to see through:  transparency can also mean making your intentions clear

     In a forum which house large number of individuals I think transparency epitomizes good value and character.
 I stand to be corrected in carry out my research on how transparent this forum is I stumbled on some write ups on ccn.com and still I stand to be corrected I can't authenticate this site well the site stated that a subpoena(a written order to attend a court of law as witness to give evidence) was sent to the legendary status administrator the subpoena was pass by the assistant us attorney of the southern district of New York and it was regarding ross Ulbricht.

     Now let me go straight to the point of my write up it is said in every 12 there is a Judas. We have great intellectual minds here so also we have grubby and selfish people BUT DONT BREAK A SWEAT YOU ARE SAFEBitcointalk forum has a backup and logs which can keep all post even if it was deleted by the poster.  Well there are mixed feelings to this but if you are fighter of equity and justice I already know where you stand this shows how greatly transparent this forum is I guess blockchain technology will be green with envy.
   And according to my source still ccn.com MR theymois will protect the protect the privacy of the member of the community greatly. Except in case of complete extremity and to abide by the law then information can be given out
   
    Let's see the advantages: well with this scammers and evil intent individual are detached from the group. It keeps the topic bitcoin and cryptocurrency based no fraudulent informations are passed for fear of being caught just to mention but a few
   
    Now the disadvantages but let me make this clear the disadvantages are only viewed by those evil doers that are affected they fear this would expose then and bring about there activity and possibly get the booked so for a sure bitcointalk forum is on a league of its own. Cheers
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Topic
Board Meta
Advantages of learning before earning
by
Roseboy0202
on 18/09/2018, 21:33:49 UTC
The cryptocurrency world is a vast and interesting world that requires a good knowledge and understanding and bitcointalk forum are one of those plat forms where the status quo can be achieved .
  But for some reasons of earning and greed the forum get influx with rather not so educative post and interaction

  Now let's reason together  about learning before earning. Friends let's take a profession for example the medical doctors they go through the University studying for some yes then after they must have reached the requirement come out and move to the next stage which is medicine school where they have to meet another stage and after this becomes an intern for a while and after their work is satisfactory the get the license to practice medicine. We all know medicine is lucrative but if there where no standards to attain the medical license I think there will be a negative impact in the health of humans and this goes to most professions.
  So the essence of learning can not be over emphasized so I stand with this rule not only will it improve the forum community and aid newcomers and existing users.  It will help us personally. Yes most people are just here for a bounty campaign to meet what ever regulations the bounty organisers set and selfishly fill up the forum with low quality post leaving out the primary aim of the forum. 
 
  In conclusion it hurt as a cryptocurrency  enthusiast to read some articles that has no impact.
 You no what every one is a winner all you have to do is to you learn and come out with something tangible and obviously get your deserved right which I think you would be proud of.
Post
Topic
Board Bitcoin Discussion
Bitcoin becoming the standard value of commodities
by
Roseboy0202
on 18/09/2018, 13:18:47 UTC
The standard value of any commodities is the worth of the commodity
  Ever imagine a world where every commodities,good, transactions or payment are based on a particular value. So far today most commodities are based on the value of the USD $ yes it's true that the dollar is close to stability but it is still under the United States government control which mean it is not totally transparent
  So what if the global price value of commodities are based on bitcoin
  What is bitcoin? According to the dictionary bitcoin a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
   Let us lay emphasis on bitcoin operating independently of a central bank which is bitcoin is an independent entity which is established under a blockchain technology which means it transparent and not easily influenced by any government or institution more reason
  USA constant rift with countries. Well the USA and china trade issues is one of many issues in recent times this rift can make a country not to support the USA as the standard value of commodities while bitcoin on the other hand which is not owned by any government might to have such issues now or in the future this fact still make bitcoin more credible than the USD $
  I know this would take time before the status quo is achieve but we have a part to play InThis hopefully In the future where commodities, transaction and payment are all based on the value of bitcoin
  Pls let me know your thought
Post
Topic
Board Altcoin Discussion
Idea of D.A.G
by
Roseboy0202
on 18/09/2018, 10:59:41 UTC
   D.A.G  is directed acyclic cryptocurrency in 2015 the idea of day was created by Sergio Damian lerner

 Direct a cyclic graph innovation is an alternative system that enables cryptocurrency to work comparatively to those that use blockchain innovation without the requirement for Block and miner.
  DAG can be helpful in the sense that it is capable of making  new cryptocurrency and still overcoming some hindrances percular to blockchain technology

Right now, there are numerous activities hovering around the crypto space that are meant to improve Bitcoin's (and other platform's) TPS. A few specialists movement to have the square size expanded, others need the handling time on the system to be decreased. There's a lot of discussion about which variable ought to be changed, there's no telling when the issue will be handled.
 For everyone that has been involved in technology you would notice that there are some obstacles. Technological advancements has it advantages and disadvantages
    Dag is a technology that is still proving it has two futuristic  companies working on it and they are IOTA and BYTEBALL although the former can not be taking as a complete DAG application it use a side level P.O.W(proof of work) confirmation to prevent spam. BYTEBALL is a more effective dag frame work and it does not require any P.O.W  checking
  PS: THIS RESESRCH WAS EXTENSIVE AND IDEA GOTTEN FROM INTELLECTUAL SOUREC. YOUR OWN THOUGHTS ARE WELCOMED
Post
Topic
Board Meta
Re: Need for a research and informative section in the forume
by
Roseboy0202
on 18/09/2018, 08:47:30 UTC
Hello community am very pleased to be on this forum and I must commend the moderators for a nice set up. I stand to be corrected but I think that our core aim of being here is to improve our knowledge and expertise in bitcoin and cryptocurrency related issues and so far I must say I have picked up useful knowledge. But this is a community and there is no rule that makes it a must for any one to share knowledge or pass information it is totally voluntary so I must duff my hats to those that takes it upon themselves to do it..  
  Well I have a suggestion that I think should be viewed. I suggest there should be a section that is reserved for information and research call it a mini library. Where some write-up that the community considered to be helpful are kept so it will  still come in handy for future purposes and not just go down the drain also suggested articles, booked, and rules and regulations can also be stored I feel it will be very helpful for newcomers in the community
 Thank you

Start here: https://bitcointalk.org/index.php?action=search

and here:
Don't Panic:  Iasenkos Official Hitchhiker's Guide to the BTCitcointalk Galaxy
and here:
The most iconic bitcointalk threads. History on Bitcointalk.
Roseboy0202 start as xtraelv recommended you and as you also will need knowledge about Blockchain, in this thread you can understand easily how technology works. Regards! Smiley

https://bitcointalk.org/index.php?topic=5029219.msg45708429#msg45708429
Thank you very much
Post
Topic
Board Altcoin Discussion
Advantages of cryptocurrency in developing countries
by
Roseboy0202
on 18/09/2018, 08:23:17 UTC
We have seen the great advantages cryptocurrency has brought the world. Payment and transaction gas become for easier, faster and more transparent. Cryptocurrency has also tackled the issues of personal information security with just a simple creation of proxy ID you identify is safe from theft and so many other advantages, cryptocurrency has literally improved life's and enhanced day to day transactions.
  Well as we all know the under developed countries are struggling with numerous number of hindrances and obstacles. The standard of living in these place are really poor according to worldbank.org counties like AFGHANISTAN, BENIN, BOLIVIA, BURKINA FASO,BURUNDI,CAMEROON,CENTRAL, just to mention a few are up there in the poor countries list.
  Countries like this are faced with a lot of challenges ranging from corruption, poverty, low standard of living and a general rise in the prices of service and goods resulting in a fall in the value of money.
 
     Crypto roles in tackling most of the problem faced by developing countries

1.    In terms of corruption in developing countries. Government in countries like this has so much made life hell for the citizens by mismanagement of funds, selfishly enriching them self with the nations money and still rigging election to gain power feel the the use of cryptocurrency that are established on smart protocol  can put an end to this menace by being transparent and recorded on a blockchain enabling every citizen to view the way funds are spent and elections are carried out
 
2.  Cryptocurrency can bring about earlier and faster way of sending and receiving transactions.  Well some citizens of developing countries are in other countries trying to create a better life for them and there family at home and they have been faced with the problem of sending money home.  Agencies like western union and money gram has high cost of fee and charges and most times are slow with cryptocurrency all this hindrances will not exit. And transaction made at a very fast pace their by improving standard of living
 And so many other advantages cryptocurrency can bring to developing countries so I think we should spread the word and make the world a better place through cryptocurrency
Post
Topic
Board Meta
Need for a research and informative section in the forume
by
Roseboy0202
on 18/09/2018, 06:52:07 UTC
Hello community am very pleased to be on this forum and I must commend the moderators for a nice set up. I stand to be corrected but I think that our core aim of being here is to improve our knowledge and expertise in bitcoin and cryptocurrency related issues and so far I must say I have picked up useful knowledge. But this is a community and there is no rule that makes it a must for any one to share knowledge or pass information it is totally voluntary so I must duff my hats to those that takes it upon themselves to do it.. 
  Well I have a suggestion that I think should be viewed. I suggest there should be a section that is reserved for information and research call it a mini library. Where some write-up that the community considered to be helpful are kept so it will  still come in handy for future purposes and not just go down the drain also suggested articles, booked, and rules and regulations can also be stored I feel it will be very helpful for newcomers in the community
 Thank you