Ninjastic
Search content
Sort by
Showing 20 of 274 results by cdb1690
Post
Topic
Board Altcoin Discussion
Re: A Realization - Why All ERC-20 Tokens Are Shit
by
cdb1690
on 22/03/2018, 18:47:37 UTC
Quote from: OriginTrain on March 17, 2018, 11:49:09 PM
Quote from: cdb1690 on March 15, 2018, 07:00:38 PM
Quote from: OriginTrain on March 12, 2018, 10:18:05 AM
Glad to hear you also get it now.

To all the other shit replies: If you invested in Google or any other fundamental tech startup at the time you would have made at least a x10. In Google's case a x30. Ever heard of angel investing? They also return x10 quite frequently, sometimes x100 or x1000. The only difference with ICOs and traditional investments is that we WILL get screwed over eventually with our useless ERC-20 tokens, myself included.

Also don't you dare use the pro-government strawman argument. If you want real decentralized tokens then these ICOs should be launched as proper DAOs. DAOs are fully decentralized and embrace the spirit of the blockchain, whilst conferring actual ownership of the organization with the tokens. Registered companies that are motivated by profit that issue us shitty utility tokens have nothing at all to do with decentralization or any anti-government movement. In fact they will comply with governments if they're forced to. DAOs don't have this issue. The majority of ICOs are not DAOs. Think of better arguments if you don't agree.

From mathematical point of view, the fact the you don't own any equity in any of those companies is just another factor that should be considered in expected value equations. So, if you know that there's a non-negligible probability that you might get robbed and you include that probability into your profitability assessment and you still think that investing is smart and profitable, go for it. This is somewhat similar to a situation where professional poker player decides to play on shady unlicensed poker room: he carefully compares the probability of getting robbed and/or cheated to the "juicyness" of games that are being played there and decides accordingly.

One more advantage of ICO investing over traditional security investing is that you don't have to go though a lot of regulatory garbage. Though with all those KYC rules that are implemented nowadays, this is becoming less and less true.

Is your head really that far in the clouds with investment? It's common knowledge in investment that crowd psychology is what matters, not efficient market hypothesis that you read about in the textbook.

You misread my post. I didn't say anything about efficient market hypothesis nor crowd psychology. My point is that the fact that you don't own any equity is not inherently good or inherently bad thing, it's just something that should be taken into account when you make your decision. It's just one piece of puzzle that should make you more selective. That's all.
Post
Topic
Board Altcoin Discussion
Re: NEO Worth it?
by
cdb1690
on 20/03/2018, 19:52:38 UTC
Quote from: MadGamer on March 20, 2018, 06:42:53 PM
Are these considered as dividends or It's actually POS? I just want to know If this is usury-based system or in other words, why are people rewarded and from where the tokens are coming from?

It's more like dividends. New GAS is generated with every new block and proportionally distributed between all NEO holders. This will continue until total supply of GAS (100000000) is reached. Moreover, there are several different types of transaction fees in NEO protocol. All of them are paid in GAS. Some of these transactions fees are collected by bookkeeping nodes (these are all set to zero right now, so bookkeeping nodes don't actually make any money), while other fees are redistributed back to all NEO holders in the same as newly generated GAS.
Post
Topic
Board Altcoin Discussion
Re: A Realization - Why All ERC-20 Tokens Are Shit
by
cdb1690
on 15/03/2018, 19:00:38 UTC
Quote from: OriginTrain on March 12, 2018, 10:18:05 AM
Glad to hear you also get it now.

To all the other shit replies: If you invested in Google or any other fundamental tech startup at the time you would have made at least a x10. In Google's case a x30. Ever heard of angel investing? They also return x10 quite frequently, sometimes x100 or x1000. The only difference with ICOs and traditional investments is that we WILL get screwed over eventually with our useless ERC-20 tokens, myself included.

Also don't you dare use the pro-government strawman argument. If you want real decentralized tokens then these ICOs should be launched as proper DAOs. DAOs are fully decentralized and embrace the spirit of the blockchain, whilst conferring actual ownership of the organization with the tokens. Registered companies that are motivated by profit that issue us shitty utility tokens have nothing at all to do with decentralization or any anti-government movement. In fact they will comply with governments if they're forced to. DAOs don't have this issue. The majority of ICOs are not DAOs. Think of better arguments if you don't agree.

From mathematical point of view, the fact the you don't own any equity in any of those companies is just another factor that should be considered in expected value equations. So, if you know that there's a non-negligible probability that you might get robbed and you include that probability into your profitability assessment and you still think that investing is smart and profitable, go for it. This is somewhat similar to a situation where professional poker player decides to play on shady unlicensed poker room: he carefully compares the probability of getting robbed and/or cheated to the "juicyness" of games that are being played there and decides accordingly.

One more advantage of ICO investing over traditional security investing is that you don't have to go though a lot of regulatory garbage. Though with all those KYC rules that are implemented nowadays, this is becoming less and less true.
Post
Topic
Board Altcoin Discussion
Re: When an ALT gets listed on exchange how is the price determined?
by
cdb1690
on 14/03/2018, 18:50:33 UTC
Quote from: trademindxofficial on March 14, 2018, 08:46:49 AM
Hey guys,

Question I have is: once an ICO is over and later an ALT coin/token gets listed on exchange, how is the price of the ALT determined?

Is there for example a formula that is used by exchanges based on ICO sale price or is it just pure supply/demand? So in the case of the latter, does the exchange simply list the coin and let the buy/sell orders drive the price?

Also to add to this question, if an ICO decided to give away ALL it's coins/tokens as an airdrop, can it still be listed on exchange? Or that would not be possible?

Look forward to feedback on this.

Matching platform works by matching buying and selling orders of their users. There's no need for some sort of algorithm on exchange side to determine price of an asset in any point in time including the first time asset is listed on an exchange.
Post
Topic
Board Altcoin Discussion
Re: need opinion on how to develop a good blockchain project
by
cdb1690
on 07/03/2018, 18:58:11 UTC
Quote from: eckmar on March 04, 2018, 06:25:12 PM
I would disagree with you about the list. In my opinion decentralized casinos and ecommerce are one of the areas that are in desperate need of a blockchain technology and decentralization. Just image what would decentralized casino do out there when you can access it without any problems and bet without worrying about laws ? I don't support it but... I would like a world with a bit less control over my life. Not to mention decentralized ecommerce DONE RIGHT

There are already fully functioning decentralized marketplaces out there such as OpenBazaar or BitBay. Casinos might be a bit more tricky as their require lot of transaction throughput, which I think is unfeasible to achieve without payment channels. They would also require either web or desktop application and some backend that would keep track of states in the game. I'm not sure if all this is possible to do in a decentralized way.
Post
Topic
Board Altcoin Discussion
Re: DEX Discussion Thread
by
cdb1690
on 07/03/2018, 18:43:34 UTC
If you have EtherDelta you could also add:
0x project and Kyber for ERC-20 tokens
NEX for NEP tokens only (this is not released yet)
Post
Topic
Board Altcoin Discussion
Re: Sending in fake ID for KYC
by
cdb1690
on 01/03/2018, 20:02:57 UTC
Quote from: noloco on February 18, 2018, 11:34:45 PM
It is a gamble to send fake data and find your account frozen at a later point of distribution. For sure not an easy task checking IDs from dozens of countries.

It's also a gamble to send your real identification data to random strangers on internet.
Post
Topic
Board Altcoin Discussion
Re: Crypto for Teenagers
by
cdb1690
on 28/02/2018, 20:20:50 UTC
Quote from: chocopapaya on February 28, 2018, 04:59:00 PM
A student from another class came to me last week asking for help on doing a research paper about bitcoin.
She was pretty fascinated by it all and was intuitive enough to realize that blockchain technology can revolutionize small scale businesses, particularly in the developing world, and disrupt mega conglomerates.

So, fast forward a week, she comes back to tell me that she has bought some eth and is looking to invest in an ICO!

I had a student before who had gotten into crypto pretty seriously, but he was 18 and was doing it alongside his father.

It really made me wonder, what do you think of teenagers getting into crypto?
My first reaction was, "No no no no no no! It is way too risky and you have no idea what you are getting into!"
But then, an informed, educated 16 year old who does her due dilligence and research is a much better investor than a 30 something millenial who is just trying to make it rich and investing in whatever mcafee or supoman shills.
Am I mistaken?

This is a double-edge sword. Right now, blockchain technology is at the forefront of technological innovation. Understanding technological principles behind it as well as successfully investing into crypto projects demands and develops lot of extremely useful skills, which could help her later in life with almost any kind of major decisions. So there's huge net benefit for her. However, as jimbo2000 stated, as her teacher your facing a non-negligible risk that if something goes wrong, you could get into lot of trouble (you could become a scapegoat essentially). So you should probably figure out before hand how to approach this topic in the way the would mitigate such risk. Particularly, be aware of how exactly your frame your sentences when discussing this topic with her.
Post
Topic
Board Altcoin Discussion
Re: Creating paper wallet while offline
by
cdb1690
on 21/02/2018, 20:50:19 UTC
Quote from: CazzataMalanga on February 21, 2018, 07:46:12 PM
The wallet creators usually tell you to create your wallet while offline. How is this possible without a connection to the internet?
How can the blockchain know about the existance of my public and private address without any online communication? I'm confused.

thx

Blockchains doesn't store addresses directly. Blockchains based on Bitcoin UTXO model store transactions and transactions only. Transaction has inputs (source of funds) and outputs (destination of funds). Each output has locking script that specify conditions that has to be met in order to spent that output in the future. Each input spends output from previous previous transaction and contains an unlocking scripts that satisfies a condition placed on that output by its locking script. Locking scripts might among other things specify an address of a "recipient". But there is no such thing as master list of all addresses, at least not on a database level.
Post
Topic
Board Altcoin Discussion
Re: State of Decentralized and P2P Exchanges, 2018
by
cdb1690
on 21/02/2018, 19:00:00 UTC
You should also add Bisq (formerly Bitsquare) to your list. It has been up and running for two years and it's volume is growing steadily. You can do both crypto <-> crypto and fiat <-> crypto trades there. It also run behind Tor network, so there's an additional layer of security/anonymity. Similarly to Blocknet, orders are broadcasted in peer-to-peer fashion and each client compiles its own orderbook, so there's no need for third party order books hosts.
Post
Topic
Board Altcoin Discussion
Re: Myetherwallet question
by
cdb1690
on 14/02/2018, 19:07:50 UTC
Quote from: pereira4 on February 14, 2018, 04:08:19 PM
If I want to generate for example 10 Ethereum addresses and I want to use Myetherwallet , I have to create 10 different keystore/.json  files and then use these files to access each address separately? Because that seems insanely annoying, considering that in principle it's advice against re-using the same address, I would have a bunch of these files to store, each with their own password...

Not sure how well this principle goes together with Ethereum account model. Unlike Bitcoin, Ethereum is a big state machine: it recognizes a concept of accounts and tracks the state (e.g. balance) of each and every account. In Bitcoin you have unspent transaction outputs associated with particular address and each such output has to be spent in its entirety. In Ethereum, at least as far as user control accounts goes, one address = one account and transactions either increase or decrease balance of that account. In short, you don't track inputs and outputs, you track balances. And that's a completely different world.
Post
Topic
Board Altcoin Discussion
Re: exchange opinions about this forum.
by
cdb1690
on 14/02/2018, 17:57:38 UTC
Quote from: Zveresk on February 14, 2018, 05:50:20 PM
It is forbidden to participate from 2 account in bounty campaign. And bounty manager can track you second account - your ip address, time zone. And you will be banned

Even if bounty manager was somehow able to check IP addresses of registered participants, the IP address match means nothing if users are allowed to use anonymous proxies.
Post
Topic
Board Altcoin Discussion
Re: Future of cryptocurrencies / regulations coming
by
cdb1690
on 06/02/2018, 18:10:57 UTC
Quote from: darecky on February 03, 2018, 11:38:44 PM
Maybe I'm a noob or whatever you can call me, but I feel like in the upcoming years actual coins like LSK MOD, QSP, BDG etc can convert into actual stocks. It means when you have, let's say, 50 LSK you would receive 50 units of stocks worth in LSK (if the company would agree to do such conversion).
Don't you see it? It's all getting regulated, do you think that actual crypto market won't merge with the current stock market?
Your speculations, visions for the future?

Please share your thoughts.

You still can't regulate most coins at protocol level, as their underlying protocol doesn't allow for interference of third parties into value transfers. That's actually a whole point of cryptocurrency. Keep in mind, that regulating value transfer on exchanges is not the same thing as regulating the coin itself. The same is true for tax laws. So while you can create a law mandating, that people should pay taxes on their crypto profits, you still can't confiscate someone's crypto funds unless you acquire his private keys (for example, when he doesn't pay said taxes).
Post
Topic
Board Altcoin Discussion
Re: KYC Docs
by
cdb1690
on 06/02/2018, 17:47:56 UTC
Quote from: thinklab71 on February 06, 2018, 05:11:18 PM
When ICO's collect your KYC docs, is that it?   What do they do with them, just hold on to them for record keeping or are they required to process them some how?

Quote from: amacar2 on February 06, 2018, 05:29:38 PM
They might sell your docs on black market if the ico itself will turn into scam. That's why I never give my docs to all random ico out there and also suggest others to be careful when sharing your docs with any ICO.

I am rather buying coins in discount or at around ico price when they will get listed and bounty is distributed.

They might. They might also hand them over to local governments, regulatory agencies and such if asked to do so. Or they could build your profile based on the information you provided to them and sell that profile to third parties such as advertisement companies. Keep in mind, that neither of those two aforementioned options involve breaking a law.
Post
Topic
Board Altcoin Discussion
Re: Is there any exchange with decent volume and no verification needs?
by
cdb1690
on 31/01/2018, 17:44:15 UTC
Quote from: thejaytiesto on January 31, 2018, 05:26:15 PM
You register without any verifications, do your trades, then what? you are just holding the coins there because when you try to withdraw you are fucked without the verifications. And once again, nobody here is being clear of what data they ask for.

According to their site, there are no verification requirements for level 1 accounts and level 1 accounts have 2 BTC withdrawal limit. I can attest, that this was true few months ago. Haven't use Binance since.

Quote from: thejaytiesto on January 31, 2018, 05:26:15 PM
What data is Binance asking for to withdraw the coins specifically as of today?

1. Create burner ProtoMail address using Tor and/or VPN.
2. Create burner Binance account using Tor and/or VPN.
3. Test it out. Deposit insignificant amount of coins. Do some trades. Withdraw coins.
4. If you like it, create regular account using your regular IP or VPN. Don't use Tor for regular accounts as Tor exit nodes IP addresses are public and exchanges might and do block accounts created and accessed with those addresses. Same is true to some degree for VPNs. So if you want to use one, do your homework first.

OR

1. Create regular Binance account using your regular IP.
2. Test it out. Use insignificant amount of coins.
3. If you like it, continue to use it.
Post
Topic
Board Altcoin Discussion
Re: Need advice serious thread
by
cdb1690
on 30/01/2018, 16:35:16 UTC
Quote from: nerox on January 30, 2018, 03:33:47 PM
So.. there is a exchange in italy (EU) that was not regulated. some weeks ago the owner start to asking for IDS in order to get everyone regulate with laws.
right, i submitted my docs and got aproved.
now the guy want to everyone outside EU to sell all altcoins for BTC and withdraw
because the exchange gonna be only for EU users
what the fuck.. i cant do this, i'm gonna lose at least 40% of what i have now
here is the post of the exchange if someone want to take a look
https://www.reddit.com/r/BitGrailExchange/comments/7u02o9/bitgrail_update_30012018/?utm_content=comments&utm_medium=hot&utm_source=reddit&utm_name=BitGrailExchange
sorry for my english.. i'm a little bit upset

I'm not familiar with that exchange but why do you have to exchange altcoins for BTC before withdrawal? Why can't you just withdraw altcoins into your own wallets?
Post
Topic
Board Altcoin Discussion
Re: KYC process and reasons for rejection: Is crypto still fair?
by
cdb1690
on 25/01/2018, 20:55:40 UTC
Quote from: yomarve on January 25, 2018, 08:32:58 PM
Its becoming a nuisance. I honestly got into crypto and i think others too got into crypto because it offers an attractive feature which is or was privacy/ anonymity.
And there are lot of projects that do exactly that. The problem with ICOs is that there is almost always a single identifiable company behind them. Such company has to operate in accordance with local and international laws and regulations, otherwise it can be shut down very easily. In other words, ICOs are not regulatory resistant. Regulatory agencies hate privacy. For a project to be truly regulatory resistant in every aspect, it has to be open sourced, developed by anonymous developers and managed as decentralized autonomous organization.
Post
Topic
Board Speculation (Altcoins)
Re: Deep Onion
by
cdb1690
on 24/01/2018, 18:33:27 UTC
Quote from: Chamberskob on January 24, 2018, 09:05:07 AM
Quote from: ByteFree on January 19, 2018, 11:07:37 AM
Quote from: Simonjonesfamily on January 19, 2018, 10:04:53 AM
Have to say I like the reduction in posts made on this forum to qualify for airdrop. Means we get more constructive feedback/posts. Just a few more weeks and I can join airdrop too!
You have some time. Only 27 airdrops from 40 left.


Is this correct my calculations predict we have much less airdrops to go than 27??

I will need to investigate further

Your calculations are correct. Last weeks airdrop was 27th airdrop. So there are only 13 airdrops left.
Post
Topic
Board Altcoin Discussion
Re: Is there any exchange with decent volume and no verification needs?
by
cdb1690
on 24/01/2018, 18:07:30 UTC
Quote from: thejaytiesto on January 24, 2018, 04:31:55 PM
Bittrex used to not care if you didn't provide any info, then they started freezing accounts randomly asking for ID scans, phones, addresses... yeah no thanks, im not going to give my dox to pontial scammers, I just want to trade some altcoins (and some people have their money frozen even after entering details)

I was using Poloniex, but similarly, my old account is now considered "Legacy" and is now a matter of time where they will freeze it and not leave me do anything unless I enter all kind of details which I consider unsafe. $2k withdraws a day anonymously used to be enough but now these times are going to be over soon.

What do we have? Livecoin and cryptopia are some exchanges im using to speculate with some altcoins but their volume is really low. Can you register in Binance and trade anonymously? Never tried to get in there.

I would look more closely into Binance, HitBTC and Kucoin.

Quote from: vv181 on January 24, 2018, 04:40:36 PM
You can trade at Binance anonymously. I have tried that and Binance only require a two factor authentication to start trading. But it's only have a 2 Bitcoin withdrawal per days.

You could, but remember every exchange logs your IP address, so to be really anonymous you have to use VPN or some other means to mask your IP.
Post
Topic
Board Altcoin Discussion
Re: Crypto Regulation Must Be International
by
cdb1690
on 18/01/2018, 19:28:39 UTC
Quote from: Bastime on January 17, 2018, 01:32:49 PM
Cryptocurrency regulations must be international and I totally support the regulation due to massive numbers of ICOs are into the market that some of them are bogus and even worst scams.
People should invest into ICOs that earned certifications and passes the regulation standard in order to eliminate bogus and fraud scams.
No people should do their homework before investing or they shouldn't do any investing all. Before professional poker players or punters starts to play on unregulated gambling site, they try to estimate the risk of site running away with customers money or risk of losing money to cheaters and so on. Because in the end, it doesn't matter whether you lost money because you were cheated or because you were just not good enough. The only thing that matters is your expected winrate all things considered. It is exactly the same with ICOs. It doesn't matter if you lose money because ICO is a scam or because team is incompetent and unable to deliver working product. The fact that lot of ICOs might be a scam should make you more selective, that's all.