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Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
The voting system of Lisk is a major weakness. Right now we have a situation where no one really knows what they are voting for, groups are forming who do not really have the best interest for the community. Instead of voting for the right delegates who do a good job, lisk holders are being being forced to vote certain delegates or risk not receiving payouts. Lisk pools need to be outlawed, they serve no purpose other than benefit the forgers in those syndicates.
Instead of 1 vote per 33 delegates, it should be 1 vote per 1 delegate and only 1 delegate per wallet. Voting also needs to be far cheaper. It should be almost free. Only this way can the dpos system really do what it is designed to do.
Instead of 1 vote per 33 delegates, it should be 1 vote per 1 delegate and only 1 delegate per wallet. Voting also needs to be far cheaper. It should be almost free. Only this way can the dpos system really do what it is designed to do.
Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms
Tbh, like many have said, the technology behind the blockchain is the future not the actual crytocurrencies themselves. Cryptocurrencies will keep rising in the short term, but eventually there will be a MASSIVE drop....perhaps even to zero. This is almost certain to occur in my opinion.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
such a clueless post. Oh right, a noob...
Giving an insult is easy, anyone can do that. An intelligent answer that actually analyses the facts in objective detail is much harder to do. I doubt you are capable of that.
Dont know what u want to say?
If tommorow everybody sold there gold because nobody want it the price wil drop
If tommorow the cumcumbers are hard to get de price wil go up
Good job you are so smart that there wil be a correction, that how it works it doenst matter if it crypto of what the fack else
I invest is groestl because i like the coin , the team
And I believe in it and only the community can make this coin great
You "invest" in Groestlcoin just like everyone else because we are all speculators. No one is buying GRS because they are using it as a currency, virtually everyone is purely buying for speculative/investment purposes.
As a real currency what is GRS, or any crypto really worth? A store of value you cannot spend is worth nothing.
The difference between Gold and GRS is that Gold has a number of physical uses in industry/jewellry. Just say people stopped buying Gold for investment purposes, it could still be used for other means and would keep a decent percentage of value. Like all tradable metals, they have other uses apart from a store of value- and for those exact reasons make them an ideal store of value because players in the market know they have a demand!
For atleast a couple of years cryptos will keep on rising. Alot of money could potentially be made. All I am saying is that be ready for the government crackdown when it occurs. Take atleast some profit and put it into a fiat instrument.
i partially agree with you, because... people can still choose between, if it happens, a crypto that government gives out or decentralised crypto....
The point is, the idea behind cryptos is that they are self sustaining. You pay for services in virtual coin, you are paid in virtual coin etc. They are legal tender. Fiat is eventually wiped out.
If you are still thinking in terms of fiat, whilst purchasing bitcoin, you missed the point of it. The ideology is that Bitcoin will become enough on it's own and doesn't need to be valued in dollars.
Most governments are happy to let this industry evolve because of the technologies that will become available through it. Blockchain has massive potential for the future, but there is no way they are going to let it take over the monetary system. Cryptos will effectively be banned by the gov, and the effect on their prices will be sudden and dramatic. Most will go to zero, except for a couple that promote the blockchain platforms that enable developers to utilise and promote the environment, eg ethereum/lisk.
Like i said previously, a store of value alone is worth nothing if it has no monetary value. Without the ability to spend virtual currency, it is worthless.
GRS/Bitcoin will indefinitely remain a purely speculative instrument for risky investors nothing more or less.
Re: [ANN][CRW] CROWN (SHA256) | Atomic | Governance | Systemnodes | Masternodes |
Is Crown inflationary? Will the total supply increase by a percentage each year?
No what I mean is; Does the Total Supply increase yearly? Eg will the 42 mill increase on an annual basis?
If this is meant to be a block chain platform for services, it should be inflationary.
Crown is not inflationary, it's got a set supply cap of 42 million. There will never be more than 42 million Crown.
Why do you suggest it should be inflationary?
If the coins are not inflationary there is no incentive for people to sell their coins if the price rises. I am assuming Crown intend developers to create apps/services for the platform, if the coins are too expensive they cannot use the coins. The more Crown coins gain in value, the less chance for the system to actually take off....eventually no one will use Crown and the it will be worthless.
All other "platform" development cryptos eg ethereum/lisk/ubiq are inflationary.
42,000,000 Crown total
1 Crown = 100,000,000 Crown Satoshi.
42,000,000 x 100,000,000 = 4.2 quadrillion potential units.
Not all units will be available (Masternodes/Systemnodes), but supply and demand will determine a fair price for a unit. With so many potential units I see no risk what so ever in leaving the code as it is.
Even at 30% supply due to units locked in SN/MN, 1.2 quadrillion crown satoshis will be available for use..
Over a long period of time it will make a difference. There has to be a mechanism in place to incentivise the selling of coins for speculative holders. Capping the total supply benefits the holder of coins yes, but as a working project this is a significant flaw imo.
It'd be great to see some calculations regarding your concerns..
Also the incentive of inflation to make holders sell would not work. If we place 5% inflation say per year, but new use is rising by 50% a year, we're kind of back to square one.
There would need to be some sort of mechanism that balances out the % inflation rate (like a central bank, but in code.).
But by doing this we are playing with the fundamental principles of a crypto currency like Crown (changing total supply), when I really see no reason to do so.
Obv you have your reasons and are making your stance known, but virtually every other crypto for blockchain services/app (eg Ethereum/Lisk/Ubiq) runs with an inflationary policy. It's well known that the problem of be speculative investors holding onto coins is a big issue, hence why there is an annual increase in total supply.
An inflationary policy works over a number of years because the effects are accumulative.
Re: [ANN][CRW] CROWN (SHA256) | Atomic | Governance | Systemnodes | Masternodes |
Is Crown inflationary? Will the total supply increase by a percentage each year?
No what I mean is; Does the Total Supply increase yearly? Eg will the 42 mill increase on an annual basis?
If this is meant to be a block chain platform for services, it should be inflationary.
Crown is not inflationary, it's got a set supply cap of 42 million. There will never be more than 42 million Crown.
Why do you suggest it should be inflationary?
If the coins are not inflationary there is no incentive for people to sell their coins if the price rises. I am assuming Crown intend developers to create apps/services for the platform, if the coins are too expensive they cannot use the coins. The more Crown coins gain in value, the less chance for the system to actually take off....eventually no one will use Crown and the it will be worthless.
All other "platform" development cryptos eg ethereum/lisk/ubiq are inflationary.
42,000,000 Crown total
1 Crown = 100,000,000 Crown Satoshi.
42,000,000 x 100,000,000 = 4.2 quadrillion potential units.
Not all units will be available (Masternodes/Systemnodes), but supply and demand will determine a fair price for a unit. With so many potential units I see no risk what so ever in leaving the code as it is.
Even at 30% supply due to units locked in SN/MN, 1.2 quadrillion crown satoshis will be available for use..
Over a long period of time it will make a difference. There has to be a mechanism in place to incentivise the selling of coins for speculative holders. Capping the total supply benefits the holder of coins yes, but as a working project this is a significant flaw imo.
Re: [ANN][CRW] CROWN (SHA256) | Atomic | Governance | Systemnodes | Masternodes |
Is Crown inflationary? Will the total supply increase by a percentage each year?
No what I mean is; Does the Total Supply increase yearly? Eg will the 42 mill increase on an annual basis?
If this is meant to be a block chain platform for services, it should be inflationary.
Crown is not inflationary, it's got a set supply cap of 42 million. There will never be more than 42 million Crown.
Why do you suggest it should be inflationary?
If the coins are not inflationary there is no incentive for people to sell their coins if the price rises. I am assuming Crown intend developers to create apps/services for the platform, if the coins are too expensive they cannot use the coins. The more Crown coins gain in value, the less chance for the system to actually take off....eventually no one will use Crown and the it will be worthless.
All other "platform" development cryptos eg ethereum/lisk/ubiq are inflationary.
Re: [ANN][CRW] CROWN (SHA256) | Atomic | Governance | Systemnodes | Masternodes |
Is Crown inflationary? Will the total supply increase by a percentage each year?
This is by no means perfect, but a good rough estimate
Code:
Date Supply Inflation Total CRW
07/07/16 10208000 3.65% 42000000
07/08/16 10595000 3.52% 42000000
07/09/16 10982000 3.40% 42000000
07/10/16 11369000 3.29% 42000000
07/11/16 11756000 3.19% 42000000
07/12/16 12143000 3.09% 42000000
07/01/17 12530000 3.00% 42000000
07/02/17 12917000 2.91% 42000000
07/03/17 13304000 2.83% 42000000
07/04/17 13691000 2.75% 42000000
07/05/17 14078000 2.68% 42000000
07/06/17 14465000 2.61% 42000000
07/07/17 14852000 2.54% 42000000
07/08/17 15239000 2.48% 42000000
07/09/17 15626000 2.42% 42000000
07/10/17 16013000 2.36% 42000000
07/11/17 16400000 2.31% 42000000
07/07/16 10208000 3.65% 42000000
07/08/16 10595000 3.52% 42000000
07/09/16 10982000 3.40% 42000000
07/10/16 11369000 3.29% 42000000
07/11/16 11756000 3.19% 42000000
07/12/16 12143000 3.09% 42000000
07/01/17 12530000 3.00% 42000000
07/02/17 12917000 2.91% 42000000
07/03/17 13304000 2.83% 42000000
07/04/17 13691000 2.75% 42000000
07/05/17 14078000 2.68% 42000000
07/06/17 14465000 2.61% 42000000
07/07/17 14852000 2.54% 42000000
07/08/17 15239000 2.48% 42000000
07/09/17 15626000 2.42% 42000000
07/10/17 16013000 2.36% 42000000
07/11/17 16400000 2.31% 42000000
No what I mean is; Does the Total Supply increase yearly? Eg will the 42 mill increase on an annual basis?
If this is meant to be a block chain platform for services, it should be inflationary.
Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms
Tbh, like many have said, the technology behind the blockchain is the future not the actual crytocurrencies themselves. Cryptocurrencies will keep rising in the short term, but eventually there will be a MASSIVE drop....perhaps even to zero. This is almost certain to occur in my opinion.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
such a clueless post. Oh right, a noob...
Giving an insult is easy, anyone can do that. An intelligent answer that actually analyses the facts in objective detail is much harder to do. I doubt you are capable of that.
Dont know what u want to say?
If tommorow everybody sold there gold because nobody want it the price wil drop
If tommorow the cumcumbers are hard to get de price wil go up
Good job you are so smart that there wil be a correction, that how it works it doenst matter if it crypto of what the fack else
I invest is groestl because i like the coin , the team
And I believe in it and only the community can make this coin great
You "invest" in Groestlcoin just like everyone else because we are all speculators. No one is buying GRS because they are using it as a currency, virtually everyone is purely buying for speculative/investment purposes.
As a real currency what is GRS, or any crypto really worth? A store of value you cannot spend is worth nothing.
The difference between Gold and GRS is that Gold has a number of physical uses in industry/jewellry. Just say people stopped buying Gold for investment purposes, it could still be used for other means and would keep a decent percentage of value. Like all tradable metals, they have other uses apart from a store of value- and for those exact reasons make them an ideal store of value because players in the market know they have a demand!
For atleast a couple of years cryptos will keep on rising. Alot of money could potentially be made. All I am saying is that be ready for the government crackdown when it occurs. Take atleast some profit and put it into a fiat instrument.
Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms
Tbh, like many have said, the technology behind the blockchain is the future not the actual crytocurrencies themselves. Cryptocurrencies will keep rising in the short term, but eventually there will be a MASSIVE drop....perhaps even to zero. This is almost certain to occur in my opinion.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
'Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void.... '
Nuh! If one is avidly following the economic theory of the GFC -- I have been since January, 2008, when oil hit $100 a barrel -- you understand that the 'debasement' of fiat currencies is what's keeping the show on the road.
So, indeed, when Guvvy Coin is launched, plenty of folks will be attracted to it . . .
initially.
But it won't take long for them to understand that an 'e-fiat' can be debased in exactly the same manner as a fiat currency. Then they'll realise that 'hard-capped currencies' are safe-havens.
And that's exactly why the term 'safe haven' came into use about a year ago.
Us long-timer geeks thought that mass adoption would follow early adoption; but no: Wall Street figured it out before Main Street, and has start pouring money into viable instruments . . . like GRS.
The whole point is that if a state backed "e fiat" currency is released it will be debased periodically pending on the strength of the economy, that is the nature of monetary policy. Monetary policy is a major economic tool used to stabilise economies, governments are never ever going to give it up.
Countries vary considerably in terms of economic structure, a one policy fits all eg bitcoin, is unworkable. You merely have to look at the euro crises to see the issues countries like Greece/Spain have had in dealing with their inability to control their own interest rate. A one policy fits all will be very hard if not impossible to achieve. In addition a lack of regulation and cooperation in a decentralised currency system, pretty much makes it unworkable on a large scale.
I fail to see your point regarding oil. An efficient independent central bank is tasked with keeping inflation at stable levels. This means either increasing or decreasing the interest rate. In a nutshell, that is all a central bank really does.
A low level of inflation is usually seen as optimal in an efficient economy. By definition, this means by holding fiat currency, inflation will gradually reduce it's purchasing power. If this is a problem, then invest in instruments that nullify inflation eg stocks/shares/commodities.
To end on this, a currency is used to purchase things. Right now speculation makes up the bulk of all the value in cryptocurrencies. The moment private cryptos go mainstream...if they ever....they will be shutdown. It will be like a cliff drop on the price, people will lose millions. No one believes in a bubble till it bursts, but mark my words it will. Only invest in cryptos what you can afford to lose. Makes the gains now, because the end is coming.
Well, it's been so nice of you to drop in and tell us how useless our project is. You have a lovely day.
The technology behind your project is very useful, the actual coin as a means of currency is not. All I am saying is that there will be a day of correction in the future. good day sir.
Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms
Tbh, like many have said, the technology behind the blockchain is the future not the actual crytocurrencies themselves. Cryptocurrencies will keep rising in the short term, but eventually there will be a MASSIVE drop....perhaps even to zero. This is almost certain to occur in my opinion.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
'Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void.... '
Nuh! If one is avidly following the economic theory of the GFC -- I have been since January, 2008, when oil hit $100 a barrel -- you understand that the 'debasement' of fiat currencies is what's keeping the show on the road.
So, indeed, when Guvvy Coin is launched, plenty of folks will be attracted to it . . .
initially.
But it won't take long for them to understand that an 'e-fiat' can be debased in exactly the same manner as a fiat currency. Then they'll realise that 'hard-capped currencies' are safe-havens.
And that's exactly why the term 'safe haven' came into use about a year ago.
Us long-timer geeks thought that mass adoption would follow early adoption; but no: Wall Street figured it out before Main Street, and has start pouring money into viable instruments . . . like GRS.
The whole point is that if a state backed "e fiat" currency is released it will be debased periodically pending on the strength of the economy, that is the nature of monetary policy. Monetary policy is a major economic tool used to stabilise economies, governments are never ever going to give it up.
Countries vary considerably in terms of economic structure, a one policy fits all eg bitcoin, is unworkable. You merely have to look at the euro crises to see the issues countries like Greece/Spain have had in dealing with their inability to control their own interest rate. A one policy fits all will be very hard if not impossible to achieve. In addition a lack of regulation and cooperation in a decentralised currency system, pretty much makes it unworkable on a large scale.
I fail to see your point regarding oil. An efficient independent central bank is tasked with keeping inflation at stable levels. This means either increasing or decreasing the interest rate. In a nutshell, that is all a central bank really does.
A low level of inflation is usually seen as optimal in an efficient economy. By definition, this means by holding fiat currency, inflation will gradually reduce it's purchasing power. If this is a problem, then invest in instruments that nullify inflation eg stocks/shares/commodities.
To end on this, a currency is used to purchase things. Right now speculation makes up the bulk of all the value in cryptocurrencies. The moment private cryptos go mainstream...if they ever....they will be shutdown. It will be like a cliff drop on the price, people will lose millions. No one believes in a bubble till it bursts, but mark my words it will. Only invest in cryptos what you can afford to lose. Makes the gains now, because the end is coming.
Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms
Tbh, like many have said, the technology behind the blockchain is the future not the actual crytocurrencies themselves. Cryptocurrencies will keep rising in the short term, but eventually there will be a MASSIVE drop....perhaps even to zero. This is almost certain to occur in my opinion.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.
Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....
Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
Lisk doesn't depend on BTC. Infact Lisk relies as much on BTC as Ethereum does.
Lets be honest, BTC in terms of what it promotes, is an outdated coin that is slow and expensive for what it was designed to do. There are far better coins out there. The only real thing BTC has is it's name, which most people have heard of and have some understanding. Eventually BTC will be surpassed by something better.
Lets be honest, BTC in terms of what it promotes, is an outdated coin that is slow and expensive for what it was designed to do. There are far better coins out there. The only real thing BTC has is it's name, which most people have heard of and have some understanding. Eventually BTC will be surpassed by something better.
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
Considering how much NEO is still valued at esp with the impact of the Chinese ico/bitcoin exchange ban, it is hard to believe LISK is valued so cheap. LISK is a great coin by itself, but when the marketing kicks in with the SDK and rebrand, it will definitely jump into the top 10 list. This week really is the last chance to buy cheap before it moons.
Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms
What the reason for the such bigh growth of GRS lately? As I seen next developer update is in 2 months.. nothing spectacular
Like I said a number of crypto bloggers/youtubers tweeted about GRS. Nothing has changed with this coin to make to increase in value so much. It will probably half in value over the next month.
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
The 17th of November is an important day for lisk. The number of coins received per block solved is reduced from 5 to 4- this by definition reduces the supply of coins and increases the price. In addition, the next 2-3 months the rebrand and the SDK are both expected to happen which will significantly increase the value of Lisk.
There will be short term volatility with this coin, but it is all heading in an upwards direction for the long term. $10-$15 could easily be the price at the end of 2017 or start of 2018. I agree now would be a good time to get in, it probably won't be any cheaper than this price, especially after the 17th.
There will be short term volatility with this coin, but it is all heading in an upwards direction for the long term. $10-$15 could easily be the price at the end of 2017 or start of 2018. I agree now would be a good time to get in, it probably won't be any cheaper than this price, especially after the 17th.
Re: [ANN][GRS] Groestlcoin | Segwit activated | Adding Segwit to all our platforms
Groestl is nice gold coin for mining, it's very cool, reduced energy, quiet... but why people dumping the GRS cost?Dev, can u make a move interesthing for pump motor pump motor pump motor the price?
GRS for atleast the next month will only be heading in a downwards direction. It has been massively pumped, and right now is heavily over bought. Ask yourself this question; what has changed recently to make the GRS increase in price? Nothing has changed with the actual coin, except a number of key crypto bloggers/youtubers coordinated their tweets and made 10x profits themselves.
I myself bought into GRS at around .16 many months ago and I follow developments. GRS is a good coin, but at this price it is unrealistic. GRS probably won't see levels lower than .30, but don't be surprised if it reaches that price in 20 days or so.
For anyone who has not already sold their position now would be a good time to.