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Re: best upcoming ICO
by
bjumb
on 08/11/2017, 12:35:09 UTC
I am doing analysis on Debitum Network project and will be able to share more once I fully complete it, but already now I like the project due to strong points:

1. Team - both financial and IT background, previous on-hand business experience, members working already for at least few years.
2. Market - credit gap for small businesses is huge, underserved by major banks
3. Working businesses - they claim to have two working businesses. One in invoice financing, for which they already raised EUR 3 million and have an invoice turnover of EUR 19 million3. Advisors - looks like business people, not only shiny names on the page. The other is IT development with 151 k project hours clocked.
4. Advisors team - looks like a mix of business people and "mini-stars", likely some of them will remain for post ICO business development.
5. Whitepaper - actually 3 docs (pitch story, position paper, token generation), which include explicit roadmap with detailed use of proceeds and how the ecosystem works.

My few cents. What do you guys think?


Don't take this personally, but I think your research is basic, which is a start, but it only places that ICO in the average category.

1. Team: financial and IT background, what about cryptocurrency or blockchain background? The solution is using blockchain, where are their developers?

2. Market - credit gap is indeed underserved but you have P2P lending which is picking up the slack from banks

3. Okay, this is a good point. So they know how to run a business.. IT devt with 151k hours is not that big btw!

4. Advisors: Not important. Might hurt if linked to other poor projects.

5. Whitepaper: Pitch story should not be part of whitepaper, neither is token generation really. Whitepaper should purely focus on technical details.

So on a whole, it's OKAY. Better than a lot, but not a lot.

Even if you think his research is basic I still like posts of both of you. I wish everyone in such topics would write something about why he thinks the ICO is good. Just writing the name of ICO is pretty useless. With so many different names mentioned I doubt it makes any help on finding good ICO's. I could go to a page that lists all ICO's, like icoalert for example, if I wanted to find just names of upcoming ICO's. I wish topics like these were more of discussions, not just listing names.

1. They do have a PhD listed as blockchain expert. His linkedin profile doesn't really show any experience in blockchain, but has more than 10 years experience in software development. And blockhain is software. I believe it requiers a bit different approach than "conventional" software projects. But someone having experience with software is probably at least mentally capable of doing blockchains. So his experience is much better than nothing. Especially with blockchain technology beeing new it's not surprising many team members are working on their first blockchain project but that doesn't mean they didn't have any interest and haven't learned anything about them. And they have another guy with 10 year experience in software development. Maybe their team really doesn't seem excellent, but I've seen worse. So let's say it's medicore.

2. I can see how small businesses would benefit a lot from such project. But who will be the lender? The banks or large loan companies that refuse to give loans to small businesses now? Why would using such project make them give out instant loans? The banks are complicating with giving loans because they want to protect themselves from risks. I can't see how that would change. But I admit I just skimmed the whitepaper so maybe it's explained in there.

3. Running business is good, yes. But sometimes is good to check the website of their business to see how much traffic it gets. I've seen ICO's claiming to have working businesses on their websites, but their websites received very little traffic so they were not as successful as they claimed to be.

4. Advisors can be very important for successful crowdsale. If they are big names even if they don't really give any advice just their name causes the ICO to sell out very fast. So they're guarantee the project will collect enough funds.

5. Whitepapers containing only technical stuff are actually bad in my opinion. Maybe not for you personally because you might understand technical stuff very well. But 99% of ICO investors don't understand it and pure technical whitepaper would make ICO loose a lot of potential investors. In my opinion whitepaper should be a document that presents the project to investors and contains everything an investor might be interested in. Even if the whitepaper starts with a Susan dry cleaning shop and sounds unserious because of that it explains to regular people that don't know much about technical or financial stuff quite well what problem they're trying to solve. I think their whitepaper isn't one of the best, but it seems good enough.

The project seems medium to good to me. But one thing the project seems to lack is interest of community. Their website has very low statistics of visits, Telegram group has only 300+ members, just 165 followers on twitter and so on. I think project with such low community interest will have hard time collecting enough funds to succeed.
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Topic
Board Altcoin Discussion
Re: best upcoming ICO
by
bjumb
on 25/10/2017, 10:02:25 UTC
Any thoughts about DMarket token and Aeron upcoming ico

I'd be careful with DMarket. Take a look at their ICO thread. Someone found out same team is listed on some other project. And data about two of the team members is switched. And they never explained why. They also mention data will be stored on blockchain. Blockchains are good technology, but one thing they truly suck at is storing large amounts of data. I asked them to explain how they intend to store data on blockchain. And also some unpleasant question about their competition. I think both are appropriate questions an honest team would have no problem answering. And they just ignored my questions. But they have no problems responding to people praising their project. Anyway there was a lot of hype around this project. In their 1st round in August they collected 11 million $ in a few days. But visits to their website dropped by 90% since august. Seems like people are losing interest in this project. The way they communicate with the community doesn't help here for sure.

I don't know industry of flight services and if there's truly so much forgery and corruption in it. So I'm not sure if there would be market for Aeron. But I think they can't really stop cheating using blockchain. I imagine now an airplane to be allowed to fly probably has to have some kind of certificates that confirm it was regularly serviced. Maybe it wasn't serviced regularly but some bribed mechanic forged the papers. And those forged papers get stored on blockchain. It wouldn't make servicing of airplanes more honest, would it? And how would they force airline companies to use Aeron. If they realy are cheating they won't want to use something that will prevent them doing that. About half of the tokens have been sold do far with 6 days to go. Seems it won't be sold out. It will be listed on Binance and HitBTC - good exchanges for quick pump, but since it won't be sold out I doubt there will be enough buyers interesting in buying at above ICO price.

Thank you for this. Please check the team of Prosume Energy. That is high quality.

I must apologize. DMarket did answer afterall. Maybe they needed more time to think before they answered.

But they gave generic answer with stuff I could read in the whitepaper avoiding to explain the direct question I asked. In the same way they were avoiding answering why two of the team members' biographies on their other project were swtiched. They also stated some stuf on why they're supposed to be better than competition that aren't true. They did partly explain how do they intend to run database on blockchain. Well they are not running it on blockchain but will use conventional database. So I got their answer but I still don't like the way they're avoiding answering what was asked, the way they look down on competition (they're going to succeed while all their competition will fail) and the way they use fancy words (like running database on blockchain) just to attract investors but can't be implemented in reality.

I quickly checked Prosume. Considering all around the globe governments (even China) are thinking of banning internal combustion cars almost every car on the road will be driven by electricity in 15 years or so. This will create huge demand for electricity and most countries will have trouble providing enough. Prices of electricity will be much hugher than today and it will probably replace oil as the most important resource. So it will be mandatory to start saving energy in every aspect of our lives and also producing our own energy at home. So I think projects dealing with better use of energy may have great perspective. Not all of them of coruse, but strong ones with ideas that make sense. Out of quick glimpse throught their whitepaper I don't understand a thing Prosume's trying to achieve and how they'll do it. I guess I'll have to do some more research becaus I can make my opinionon their project.
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Board Announcements (Altcoins)
Re: [ANN][ICO] Dmarket - the worlds first decentralized, cross-game marketplace.
by
bjumb
on 25/10/2017, 08:53:18 UTC
What is the difference between Dmarket and Skincoin ? They both look same.
The guys are trying to run a cryptocurrency startup where it isn’t needed. Everything is working just fine. There are a lot of similar projects aiming to attract attention and investment by juggling such buzzwords as "cryptocurrency," "blockchain," and "eSports."
By creating DMarket, we are solving a different issue. We are founding an ecosystem for trading in-game items from any game and any gaming platform. More than two million gamers will be able to buy, exchange and estimate the cost of their items. Without blockchains, we at DMarket wouldn’t be able to connect thousands of game developers and millions of gaming universes worldwide. This is a brand new cluster of the world economy. Every gamer will become an owner of real assets!

If you think Skincoin doesn't need to be crypto startup, what makes your project so different that you would need to be crypto startup?

And what do you think your main advantages over other competition are. Like WAX for example.

Quote from your website:
Quote
To resolve the problem we are using decentralized database on blockchain.

Could you explain how will you host a database on blockchain?


Hey bjumb! First off, thanks for asking questions! Those ones are very interesting and we hope that our answer will clear things out for all the investors.

Let us start with the first one:

"what makes your project so different that you would need to be crypto startup?"

We have a completely different business model: DMarket is a whole a new platform that opens up a lot of opportunities for both businesses and gamers.
We're in talks with major world game developers and publishers in a bid to allow gaming industry (gamers being a top priority, of course) to trade items from different games effectively. With our API, publishers can actually transfer virtual items to the blockchain, which make you OWN those items. Most of the time, gamers don't exactly own items earned playing their favorite games. There's always a third party that sets rules of trading for all the gamers.
When the game developer adds our API to a certain game title, in-game items become real, meaning a gamer can exchange, trade or evaluate the price of the item.

Having that in mind, we're building our own marketplace, where players can exchange and sell in-game items BETWEEN different games freely. Let's say you want a new armor for your tank and are willing to sell or exchange some skins from your favorite MOBA. On DMarket, you can do this almost in one click.

As true proponents of decentralization and the spirit of the free market, we're going to open our API to other trading platforms, so they can benefit from our technology as well. Gaming community, however, will benefit the most: with us, you will own your items. No ifs and buts.

Last but not least: we will also offer our API to literally any marketplace out there. Just imagine the world where you can trade your sword on Amazon, eBay or taobao, while getting anything from real life: new gaming peripherals, cloth, anything. Truth be told, this is our ultimate goal.


"And what do you think your main advantages over other competition are..."
We don't compare ourselves to any other project. Facts work for us.
If you're wondering, what makes DMarket solid:
1. DMarket is created for the gaming community, that’s why we're selling 85% of the total amount of tokens. Other projects usually sell up to 50% of the total amount of tokens, which give them tools to control the market and the investors.
2. We do not offer any discounts or bounties, treating each investor equally. Numerous ICO projects, on the other hand, use the following token sales to cover discounts given during presales.
3. Most and foremost we already have a fully functioning blockchain, the Alpha and testnet versions will be released in the following days (before October 30th).
4. Some projects that find themselves as our competitors, won't be able to deliver, as it is technologically impossible to bring their ideas to life as of now.

Could you explain how will you host a database on blockchain?"

Do you mean the database we use in the node? If yes, then we are using levelDB and will transfer on rocksDB.


Thank you for answers. It's mostly what I already read in the whitepaper. But your answers don't explain why you think you need to use cryptocurrency, blockchain and ICO financing, while you think your competition doesn't. Correct me if I'm wrong but everything you describe could be accomplished without using blockchain. I understand using blockchain and colleting funds the ICO way is more convenient for your project aswell as for competition. So I don't think it's fair stating they don't need cryptocurrency, but your project does.

1. It's not true most other ICO's sell just up to 50% tokens. Almost no ICO does that. They tend to sell 60% or more.

4. 90% projects won't be able to deliver. That's true for any startup not just blockchain startups using ICO funding.

3. Do you have any documentation on your blockchain we could look at? What consensus will it use?

So every node will also have a role of database server? That makes more sense. I understood your quote from the website as you were saying you are going to store data on the blockchain. Because blockchains aren't suitable for storing large amounts of data. How do you intend to achieve decentralization of the database? How many nodes will host the database and who will be able to run the nodes?
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Board Announcements (Altcoins)
Re: [ANN][ICO][MRP] MONEY REBEL PLATFORM links fiat & crypto in one REBELlious app
by
bjumb
on 24/10/2017, 12:51:58 UTC
Yes, I have experience in investments - I have already supported some projects, but until now not yet through ICO,

Well that explains a lot. ICO whitepapers never have detailed business plans professional and experienced VC investors are used to see. I think the reason is because ICO's are open and meant for everybody not just professional investors like you seem to be. And the truth is if they were written in a way you'd expect them to be 99% potential investors wouldn't understand them and ICO's would have hard time collecting money. And Money Rebel explains their idea very well to an average Joe, but their idea is still explained very much in detail. Maybe you shoud have opened some random ICO whitepapers to compare them.

And I wouldn't say investing in ICO's is same as donating. It's very risky that's true, but that's true for any new business no matter the way it is funded. To be honest even more than 90% of VC capital funded businesses fail within first few years of operation so it seems having professional documentation and being supported by professional investors doesn't give them much more chance of success.

And most projects in crypto market are trading at higher than their ICO price. Many of them made much more profit in some months time than I doubt any of businesses with detailed plans you've invested in have. Take a look at his table: https://www.cryptocompare.com/ico/#/completed
  

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Board Altcoin Discussion
Re: best upcoming ICO
by
bjumb
on 24/10/2017, 11:03:23 UTC
Any thoughts about DMarket token and Aeron upcoming ico

I'd be careful with DMarket. Take a look at their ICO thread. Someone found out same team is listed on some other project. And data about two of the team members is switched. And they never explained why. They also mention data will be stored on blockchain. Blockchains are good technology, but one thing they truly suck at is storing large amounts of data. I asked them to explain how they intend to store data on blockchain. And also some unpleasant question about their competition. I think both are appropriate questions an honest team would have no problem answering. And they just ignored my questions. But they have no problems responding to people praising their project. Anyway there was a lot of hype around this project. In their 1st round in August they collected 11 million $ in a few days. But visits to their website dropped by 90% since august. Seems like people are losing interest in this project. The way they communicate with the community doesn't help here for sure.

I don't know industry of flight services and if there's truly so much forgery and corruption in it. So I'm not sure if there would be market for Aeron. But I think they can't really stop cheating using blockchain. I imagine now an airplane to be allowed to fly probably has to have some kind of certificates that confirm it was regularly serviced. Maybe it wasn't serviced regularly but some bribed mechanic forged the papers. And those forged papers get stored on blockchain. It wouldn't make servicing of airplanes more honest, would it? And how would they force airline companies to use Aeron. If they realy are cheating they won't want to use something that will prevent them doing that. About half of the tokens have been sold do far with 6 days to go. Seems it won't be sold out. It will be listed on Binance and HitBTC - good exchanges for quick pump, but since it won't be sold out I doubt there will be enough buyers interesting in buying at above ICO price.
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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Dmarket - the worlds first decentralized, cross-game marketplace.
by
bjumb
on 24/10/2017, 08:25:19 UTC
What is the difference between Dmarket and Skincoin ? They both look same.
The guys are trying to run a cryptocurrency startup where it isn’t needed. Everything is working just fine. There are a lot of similar projects aiming to attract attention and investment by juggling such buzzwords as "cryptocurrency," "blockchain," and "eSports."
By creating DMarket, we are solving a different issue. We are founding an ecosystem for trading in-game items from any game and any gaming platform. More than two million gamers will be able to buy, exchange and estimate the cost of their items. Without blockchains, we at DMarket wouldn’t be able to connect thousands of game developers and millions of gaming universes worldwide. This is a brand new cluster of the world economy. Every gamer will become an owner of real assets!

If you think Skincoin doesn't need to be crypto startup, what makes your project so different that you would need to be crypto startup?

And what do you think your main advantages over other competition are. Like WAX for example.

Quote from your website:
Quote
To resolve the problem we are using decentralized database on blockchain.

Could you explain how will you host a database on blockchain?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][MRP] MONEY REBEL PLATFORM links fiat & crypto in one REBELlious app
by
bjumb
on 24/10/2017, 07:11:50 UTC
I see most of people here do not ask most important questions.I think, real questions here are:

- first if moneyrebel team will be able to deliver, what they promise, because they promise really big things. I can not imagine, how such small and in a field of financial services development unexperienced team could establish all these services.
- and also if they could deliver what they promise, how will they acqiure clients. Why would I use these services, what are advantages? Which group of people is their target base?  Everybody here is forgeting, that without clients no business can work.

What I also do not like, is that investment in crypto currencies is promoted as financial product which is appropriate for everybody. Their promotion is based on this algorythm called Kriptel.de, which is earning 16% yearly return...? Maybe once in testing period this algorythm really succeded to make such return, but this is still far away of being able to promote this in a way, like at this point - as this is fact and that this algorythm will always deliver such returns. At the moment is not so hard to make such returns, because investment in crypto is very popular and values are higher almost everyday. What if this bubble will explode one day...? Investment in crypto is very risky.

I have read a lot of positive comments regarding whitepaper of this project - it seems that a lot of people is losing connection with reality...From my perspective this whitepaper is full of unusable statistics and pure commercial promotion. It is just presentation of idea. What I miss is business plan...how, when, where, cash flow, etc. I do not imagine that somebody expects, based on such document, to collect 15 millions...although in these days everything is possible. They claim that they have collected more than 1mio EUR from only 426 investors, which means that average investor invested around 2.500 EUR...? I don`t now - this is very high average number...

I am sorry, but I do not see opportunity here, because I think, that this platform will not be such hit in real life.

I think it's high risk with any ICO if they'll deliver and if they'll get enough clients. Money Rebel is not worse in that matter. I think their team seems legit and does have some experience. Will it be enough? Who knows, but that's the risk you have to take with every ICO you invest in. Their project isn't dealing just with cryptocurrency investments but is connecting any kind of investments in a single place. I think I would use their services because it would be very convenient to manage all my investments and my bank accounts from one place. Arbitrage is trading taking advantage of different prices of same asset on different exchanges. Why do you think that has anything to do with bubble? Even if bubble pops there will still be differences in price accross different exchanges. Arbitrage can make same profit in updtrending and downtrending markets. I would be more worried in years to come when crypto space gets more regulated and volatility goes down. Lower volatility will probably mean lower price differences between exchanges and less opportunity for arbitrage. But on the other hand their current arbitrage bot can only trade BTC pairs. BTC transactions are expensive and slow. When they add faster and cheaper cryptocurrencies I guess the arbitrage bot could take even more advantage of those.

I find your opinion of their whitepaper very surprising. Because I think it's one of the best I've read. If you think their whitepaper sucks, could you point me to a project who's whitepaper doesn't suck? I'm really interested in what other people look at when they're assessing whitepapers.
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Board Speculation
Re: when will bitcoin price struggle to breach $6000?
by
bjumb
on 18/10/2017, 07:25:59 UTC
There is strong resistance above 5880 level as we can see in last few days and I doubt that 6000$ can be reached before hard fork,maybe in the case of some big player invest a large amount of money and push price up.After the situation with hard fork is resolved there should not be no obstacles that price does not go up.But as each day can bring some good, but also the bad news it is difficult to predict when exactly something will happens.It should not be significant changes in next days,price may stay in range between 5500-5700$.

I don't think big players will invest a lot after price went up that much. BTC price has been falling after reaching all time high. That's OK because people are taking profits and that's causing the price to fall. And now everybody is waiting for the price to drop more before buying BTC again. There's still a week left until the snaphost for BTC Gold will be taken. And I think soon people will start buying BTC again to receive "free" BTC Gold. If people don't start buying then perhaps big players might invest a little more, just enough to make price jump a little and to attract small players to start buying. So I think it's very likely for Bitcoin to surpass 6000$ before 25 October.
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Board Altcoin Discussion
Re: best upcoming ICO
by
bjumb
on 17/10/2017, 15:18:27 UTC
Any project with Vitalik listed as advisor sells well. I'm not saying that's the case with Kyber, but very often advisors do nothing actively on the project but they're just names that attract a lot of investors. Such ICO's are great for quick profit, but doesn't mean they'll be successful long term just because some known name is listed as advisor.
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Board Altcoin Discussion
Re: This is why KIN has HUGE potential!!!
by
bjumb
on 17/10/2017, 13:36:38 UTC
However, they have a significant disadvantage compared to my project in that they are basing this on an ERC-20 token, yet Ethereum can't scale to millions of transactions per second.

Ethereum can scale to that much transactions. That's possible with Plasma, it just hasn't been implemented yet.
https://medium.com/chain-cloud-company-blog/plasma-in-10-minutes-c856da94e339


All off-chain (and side-chain) must be insecure and must be entirely centralized. Afaics, there is no possible solution to fix off-chain and side-chains, because the problem is inherent in them not being on-chain. Craig Wright explained that well (which appears to be correct even though he has made some mistakes in other areas of his analysis). I have a comment linking to that and discussing that on Steemit.

I will soon endeavor to delve into more detail on that to make it crystal clear.

You may also want to review the discussion I had with the developer of Bitbay about Lightning Neworks.

Regarding side-chains:


(Unvetted/claimed) FACT: Only our new decentralized ledger design solves secure, decentralized scaling. None of the others do: proof-of-work, proof-of-stake, side-chains, off-chain (aka time-locked contracts), Casper, Byteball, IOHK’s Ouroboros, SPECTRE (is not same as Spectrecoin), Iota, and DPoS (which is used in many projects such as Bitshares, Steem, EOS, Lisk, Ark, etc). I am writing a blog post about why all those other systems are insolubly flawed.

This (claimed) fact will be explained in great detail.

Btw, the RADIX whitepaper appears to be gibberish, which is why I haven’t commented at that thread.

There is a secret Gist that describes the new invention. This will be made public soon.



I urge you to read Vitalik’s astute analysis of the flaws of DPoS (and that it is entirely centralized and can be attacked by attacking the whales of it):

https://steemit.com/eos/@dan/reponse-to-vitalik-s-written-remarks

https://np.reddit.com/r/ethereum/comments/6qm0y2/is_the_ethereum_team_defending_their_ground/dkyk94c/

https://www.reddit.com/r/ethereum/comments/6qm0y2/is_the_ethereum_team_defending_their_ground/dkzoj5t/

DPoS is centralized, permissioned, and highly vulnerable to abuse by nations, lawsuits, etc.. That can not be a world changing decentralized ledger that we can depend on. Also the consensus algorithm is far too subjective and not objectively verifiable.

Steemit’s DPoS was offline for over an hour before I slept. And when I awoke it has still been down several hours later. A centralized ledger design is not robust enough to scale out to the world. It works for some small shit like Steemit sometimes. Is that centralized DPoS acceptable for a “world computer” in that it will go offline for hours?

Some interesting reading I don't really understand to every detail. But if I get it right the point is Segwit (or other off-chain transactions) aren't a security problem by themselves. They just give more incentive for miners to do 51% attack, because they could gain much more doing it.. It's a good point, but it doesn't mean ethereum can't. It can but hipotetically it will be less safe. I'm not sure why you even mention DPoS here, because it has nothing to with Ethereum or Kik scalability. But I agree DPoS has some flaws in fact every consensus has them. This is getting way offtopic now but it would be interesting if you wanted to discuss it in more appropriate thread.
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Board Altcoin Discussion
Re: BITCOIN vs ETH ? Your thoughts?
by
bjumb
on 17/10/2017, 13:26:31 UTC
ETH has smart contracts and this is it's main advantage over bitcoin. This said, it's big question what will be the future of it if bitcoin introduces smart contracts in the future. At the moment i thing BTC is better investment.

BTC isn't turing complete, while ETH is. Term "turing complete" means it's possible to solve any logical problem with some programming language. So it's not possible to solve every problem with BTC, but with ETH it is. That's why BTC will never be even close to being as good as ethereum for making smart contracts.
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Board Altcoin Discussion
Re: best upcoming ICO
by
bjumb
on 17/10/2017, 13:09:12 UTC
If someone's looking for a long term investment in ICO I think he should look at Money Rebel.

They're taking advantage of  new EU directive under which banks in the EU will have to open their API's to third party software developers. So they're making a platform on which investor could join and trade and spend with all their assets fiat on their bank accounts, crypto on differnet exancges, gold, stocks and so on. They'll also provide financial advisors through the app and an arbitrage bot and other advanced functionalities. The platform will be accessible by mobile app. And they'll also provide Mastercard. I imagine the app like a swiss army knife for trading and spending all assets in one place.

They already have some business established. Team seems to be very good. Very good and detailed whitepaper. Limited amount of tokens. Token buyback and burning to increase price. I can't think of anything not to like about the project, except that they don't do a lot marketing so it's not hyped.
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Board Altcoin Discussion
Re: BITCOIN vs ETH ? Your thoughts?
by
bjumb
on 09/10/2017, 14:56:40 UTC
BITCOIN vs ETH ? your thoughts ?
I think as ETH will be better than BTC at this time. I would choose ETH instead of BTC
why did you choose Ethereum? Bitcoin's current rising prices are good news that signifies excellent potential Bitcoin.

Currently price is rising because everyone wants to get their free BTC Gold, becuase they think it will be free money. It has nothing to do with potential of bitcoin against ethereum.
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Board Announcements (Altcoins)
Re: [ANN][ICO][MRP] MONEY REBEL PLATFORM links fiat & crypto in one REBELlious app
by
bjumb
on 09/10/2017, 12:38:46 UTC
Project does have some great buzz in ICO market but I have few questions about project.
Your project is nice and seems like a horse of long race but I'm afraid I don't find the relevance of MRP tokens much in it. After having a quick look over, it seems to me a nice project lead by blockchain financial experts but how are you going to give tokens utility? I think tokens will become subject to market movements more than being integral part of project.
Also. it would be nice to see Pre-ICO progress in public. It enhances confidence of public in project if the stats are publicized.


Thank you for your great observations. Tokens main utility will be usage as payment currency in our apps, besides that we will do regular buyback with arbitrage profit. On top of that it will be tradable on exchanges supported by Quantum project marketing making techniques.

Thanks for answer. By the way, is there any pre-hand strategy for buyback? Like 5% of units sold or anything like that? Any time period?
Nice to hear partnership with Quantum project on marketing front. Quantum itself is successful project. Hope success for you too.

25% of yearly company profits will go to buyback. As of timefame it will be determined later.

Congratulations on your whitepaper. I must say it's one of best whitpapers I've read. It's very thorough cowering just about anything an investor would like to know, it contains almost everything a whitepaper should but still it's not too long. It's well structured and quite easy to understand text, but still written in enough professional manner reader can't doubt it's a serious project. But as many other posters I also missed the explanation of the actual use of MRP token on the platform.

I'd like to know if MRP token will be used as exclusive mean of payment for using services of your apps, or will payments by other means be possible too?

Otherwise this seems to be a very good project for long term investors. But those looking for quick flip and profit won't be interested in it. Because there's no hype around it. Only 3 pages on this forum. And your website has very low traffic according to statistics from Similarweb. Such great project would deserve much more hype, but it seems not many people have heard of it.
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Board Altcoin Discussion
Re: best upcoming ICO
by
bjumb
on 09/10/2017, 07:14:28 UTC
I'm waiting for AIRSwap ICO. It's on 10/10. Let's how it goes  Cheesy

Are you serious?!

There already is decentralized exchange of ethereum based tokens called EtherDelta, so there's nothing really new about the idea. There are serious projects that could take decentralized exchanges to the next level out there. Like 0x for example. But AIRSwap definitely doesn't look like one of them.

About 5 pages of whitepaper not telling  anything but definitions of what different technologies and terms are. Like what is P2P, what's is smart contract and so on. Not a word about their actual project.

Not a word about the token, what will be it's use on the platform, how will they be distributed during ICO. Nothing.

I could dig deeper and do a full research and probably find lots more bad things about it. But above facts are enough I know I'd be wasting my time.

They seem to be either scammers or very incompetent to accomplish a serious project.




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Board Altcoin Discussion
Re: eBTC vs BTC !!
by
bjumb
on 09/10/2017, 06:47:55 UTC
The only similarity with Bitcoin is BTC in it's name and limited supply of 21 million tokens.

But technically it's way different than BTC. It's standard ERC20 token on ethereum blockhain. It's not minable and all the tokens have already been generated. The developer kept 5% of supply  for himself and 95% were distributed during free airdrop. Now he hopes those that got free tokens will hype them up and sell to inexperienced investors, so he can get rich by selling his 5%. It took him just a few hours to create that token at most. It can't do anything but be transfered to another address. One could argue that Bitcoin can't do anything more than being transfered too and that ERC20 tokens have faster and cheaper transactions, which is true. But Bitcoin is the most adopted by far. And to get wide adoption any cryptocurrencies need to be recognized in public and have huge community. Some token that was only meant to make it's creator rich with almost no work done will never get widely adopted.

So don't fall for eBTC.
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Board Tokens (Altcoins)
Re: [ANN] [ICO] [VIB] Viberate | Decentralized Music Talent Marketplace
by
bjumb
on 06/10/2017, 08:38:01 UTC
Any of you guys who already added Vibe token on MyEtherWallet? will it have any conflict since VIBE is already listed there under Vibehub

There can't be any conflict.

VIBE smart contract address is 0xe8ff5c9c75deb346acac493c463c8950be03dfba. https://etherscan.io/token/0xe8ff5c9c75deb346acac493c463c8950be03dfba
VIB smart contract address is 0x2C974B2d0BA1716E644c1FC59982a89DDD2fF724. https://etherscan.io/token/0x2C974B2d0BA1716E644c1FC59982a89DDD2fF724

Tokens on ethereum blockhain don't "get recognized" by names of tokens. They differ by addresses of smart contracts used to create the tokens. So there can't be any conflict on MEW. But human error is very possible. Because of similar names it's possible, that someone who had both tokens in his wallet might send the wrong one.
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Board Tokens (Altcoins)
Re: [ANN] [ICO] [VIB] Viberate | Decentralized Music Talent Marketplace
by
bjumb
on 06/10/2017, 07:23:51 UTC
No there's still no VIB token under deposits on livecoin. Exchanges usually do add that option at least a day before trading starts so everybody can have their tokens ready to start trading right away. But it seems livecoin won't enable deposits for VIB before the trading starts.

Can anyone remind me what price was during the ICO?
And at what time VIB will hit Livecoin? Can't wait the moment when it'll start trading, so excited Smiley

The price was about 0.0003 ETH which translates to about 0.1USD. No one knows what time it will start. I follow them on twitter and hope they will make a tweet as soon as the trading starts.
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Board Tokens (Altcoins)
Re: [ANN] [ICO] [VIB] Viberate | Decentralized Music Talent Marketplace
by
bjumb
on 06/10/2017, 06:57:49 UTC
It depends on trading tactics you have. I intend to sell some soon when the price is right, to return initial investment take some profit and reinvest the profit in another ICO and the rest of VIB I will hodl and wait for the price to rise many times more. Tactics like this work pretty well for me.
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Board Trading Discussion
Re: What do you Do When You Run Out of Money to BUY During Such a Great Opportunity?
by
bjumb
on 06/10/2017, 06:49:18 UTC
I presume that you bought your crypto a good price, otherwise you wouldn't have bought it

Many inexperienced traders buy hyped up coins at the top because of FOMO. So presuming someone bought at good price, because otherwise he would not buy it doesn't really make sense.