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Showing 17 of 17 results by dabsV12
someone paid for those miners! 
LOL
LOL
yeah there are always some people who have no use for their money :facepalm:
just have a look at their website and their "miners"
https://wminers.com/
https://i.imgur.com/YwJNmlam.jpg
why not 500.000 th Actually, ASIC for Monero - that's the funniest part of the picture
Re: [10-13-2018] Is 2018 a waste if if bitcoin prices don’t recover?
always remember: you lost nothing until you cash out 
That isn't true. If bitcoin crashes to zero but you're still holding your coins would this still apply? If you invest money in something and it loses value then you've lost money, regardless of whether you sell the asset or not. Sure you can keep on holding it and hope you gain a return on investment evntually but doing so doesn't mean you've lost nothing until you do.
If world economy crashes to zero, we lose everything anyway. But will it? I'm concerned that bitcoin (same as any other currency, USD or EUR) is a bubble and it will definitely burst one day. But later on, it will go up again and it will be a pleasant and steady way up. Same as oil did. There's actually the opinion that I personally love and support by Jeremy Oles. BTC can go down to $2-3k so the "big fish" can buy it really cheap and kick out enthusiasts out of the market. So, big money can enter the market at a good price. Only after that, bitcoin will be steadily pushed up.
Check the full article if you like
https://coinatory.com/2018/06/14/when-will-bitcoin-change-its-trend/
Re: [2018-09-14] Coinatory: India is studying the implementation of the blockchain..
haha
slightly off-topic, but about India and shows how Indian citizens are scared of their government
https://coinatory.com/2018/10/17/the-perfect-crime-money-stolen-but-nobody-complains/
slightly off-topic, but about India and shows how Indian citizens are scared of their government
https://coinatory.com/2018/10/17/the-perfect-crime-money-stolen-but-nobody-complains/
Re: [2018-09-14] Coinatory: India is studying the implementation of the blockchain..
Agree with dabsV12 on this. The helplessness is palpable. Authorities here are intent on outlawing every other crypto other than the state backed one: https://qz.com/india/1418897/after-strangling-bitcoin-india-may-launch-its-own-cryptocurrency/
From the article: Whats worse is that the government may also kill or ban the existence of other digital currencies if a government-backed cryptocurrency is rolled out.
The panel is also discussing amendment of the Currency Act to make possession of any cryptocurrency, not approved by the government, a punishable offence, said the government official.
Funny thing is the authorities invited crypto exchange reps to learn about crypto and then stopped banking services to them. We are now in the august company of only two other countries that are planning to or have already implemented a state-backed crypto, Venezuela and Iran. And just like always we will look on while the rest of the world progresses.
From the article: Whats worse is that the government may also kill or ban the existence of other digital currencies if a government-backed cryptocurrency is rolled out.
The panel is also discussing amendment of the Currency Act to make possession of any cryptocurrency, not approved by the government, a punishable offence, said the government official.
Funny thing is the authorities invited crypto exchange reps to learn about crypto and then stopped banking services to them. We are now in the august company of only two other countries that are planning to or have already implemented a state-backed crypto, Venezuela and Iran. And just like always we will look on while the rest of the world progresses.
Well, you know, every government's decision is supposed to be agreed by citizens.
A people that elect corrupt politicians, imposters, thieves and traitors are not victims... but accomplices
― George Orwell
Re: [2018-09-14] Coinatory: India is studying the implementation of the blockchain..
India, as a country with a high level of development of the IT industry, constantly shows new results on working with blockchain technology. The capital city of the Indian state of Telangana will be a blockchain district. In addition, in September last year, the state authorities of Andhra Pradesh announced the conclusion of an agreement with a company that provides cybersecurity WISeKey to protect the data of Indian citizens using the technology of blockchain. Recently, the Reserve Bank of India has formed a new unit to study new technologies, including blockchain, cryptocurrency, and artificial intelligence.
Read more: https://coinatory.com/2018/09/14/india-is-studying-the-implementation-of-the-blockchain-in-the-framework-of-cooperation-with-brics/
Read more: https://coinatory.com/2018/09/14/india-is-studying-the-implementation-of-the-blockchain-in-the-framework-of-cooperation-with-brics/
Aren't they also planning on releasing a national crypto or something along the lines of that?
Seems like the government of India is currently interested in blockchain, but yet, they're not supportive of bitcoin at all which makes no sense.
Their policy of restricting banks from dealing with bitcoin businesses simply don't make sense to me while they are trying to adopt all this blockchain technology into corporations and a national crypto. I understand that they're trying to take the centralised route of development, but not accepting decentralised cryptos into their economy will only mean that they themselves lose out in the long run.
it's India, maaan
you can do both at the same time! Ban cryptos, make only your state's Lakshmi crypto legal and viola!
your citizens are offered the vast choice of cryptos - your national crypto or your national crypto! YAY!
This idea seems to be utter shit? That is not likely to happen?
Actually, this is the plan.
Check this article
https://coinatory.com/2018/10/12/india-intends-to-replace-bitcoin-with-divine-digital-currency-lakshmi/
Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
Have you actually seen the second page of the article? that's the place where you can find a great explanation, why $6 bil is nowhere close to the real amount of funds needed for all the plans of Petro?
https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/2/
https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/2/
Why fixate on the running costs? Of course it'll be a few grand at most. Whatever else above that will go into someone's pocket, that's if anyone was ever stupid enough to give them any money which I majorly doubt.
I'm trying to look at it as the potential investor. And I don't see any economic preparations before the project was announced. It's still an ICO, right?
The project is poorly prepared Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
Have you actually seen the second page of the article? that's the place where you can find a great explanation, why $6 bil is nowhere close to the real amount of funds needed for all the plans of Petro?
https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/2/
https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/2/
Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
Use cryptocurrency in order to circumvent the sanctions of another country.
How? No exchange who wants to do business in the West will touch it. It's not as if you can run a national economy selling to dweebs in other countries on Localpetrocoins.
The only way this would be a potential possibility is if we had pure crypto economies, but we're not within a billion miles of that yet.
In trades between the countries, no exchange is required. Am I wrong?
Then, one exchange officially claimed to list Petro.
Third thing, Maduro said, all payments for petrol, including fuel for planes that will be bought in Venezuela's airports, will be paid in Petro. So, it's either Western air companies will not buy fuel while being in Venezuela (that's barely possible) or just stop flying there.
The main question is still on the list, $6 bil is billion miles away from the amount required for all the operations that Petro is supposed to be used for
Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
To start with, lets make it clear, what Petro is:
The Petro is the first cryptocurrency ever backed by a State, according to the official website. The first. Ever! And this is so controversial and groundbreaking that is totally worth knowing about.
Venezuela is the country that had its currency lose 99,99% of value the past 6 years. Inflation is reaching unbelievable highs and the economy is in terrible condition. El Perto is supposed to fix economic problems. This cryptocurrency is supposed to be used as means of payment inside the country, for deals with the state petrol company PDVSA, to attract new forms of international financing and as the way to get around the US sanctions.
Read more: https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/
The Petro is the first cryptocurrency ever backed by a State, according to the official website. The first. Ever! And this is so controversial and groundbreaking that is totally worth knowing about.
Venezuela is the country that had its currency lose 99,99% of value the past 6 years. Inflation is reaching unbelievable highs and the economy is in terrible condition. El Perto is supposed to fix economic problems. This cryptocurrency is supposed to be used as means of payment inside the country, for deals with the state petrol company PDVSA, to attract new forms of international financing and as the way to get around the US sanctions.
Read more: https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/
Use cryptocurrency in order to circumvent the sanctions of another country.
The only thing I want to say - oh, how cool it is.
I hope Venezuela will succeed.
Riot by the country - sounds cool. I love such confrontations. But there's certainly lack of actions to be seen.
I personally gave up on Petro and waiting for the national crypto from Iran
Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
I seem to remember the official launch being a couple of months ago. Nothing happened.
They claimed billions in pre sale. I've never seen any indication that anyone anywhere bought anything. I can't get their website to work.
The google summary sums it up as a cryptocurrency 'scheme' which feels accurate. There's certainly no detectable currency.
They claimed billions in pre sale. I've never seen any indication that anyone anywhere bought anything. I can't get their website to work.
The google summary sums it up as a cryptocurrency 'scheme' which feels accurate. There's certainly no detectable currency.
Petro seems to be in "illusion" stage
Next stage might be "massive hallucination around Petro"
)))Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
Despite the general skepticism about the Venezuelan El Petro, this coin in any case gives us a good experience in the development of cryptocurrency. All this must be carefully studied and known, and not simply dismissed from all this. Still, we must pay tribute to President Maduro. He is taking bold and risky steps within the whole state to implement cryptocurrency, even if centralized, and this has greatly interested people all over the world and has raised interest in cryptocurrency in general.
I'm trying to be optimistic about Petro. Raised interest in crypto - agreed. He's taking bald and risky steps - agreed. But here, in crypto, we don't trust words much, you know? On the internet, you can be whatever you want and nobody will ever know, you're a fridge.
Please read the article on the link above. I totally agree with the author that it's impossible to get the fully-operational oil extracting field from zero spending just $6 bil. Check the examples provided. $6 bil seems to be a real joke for such a business.
Let's accept the claims of getting $3,6 bil of investments already.
Where's the present and running blockchain for Petro? Where's the properly-made website? You have to spend up to $10k on all that, I believe. And even $10k is way more than needed on such tasks for good professionals. There are claims that Petro will be just a copy of DASH. Ok, we can accept that. But the costs of making the Petro blockchain and proper website goes as low as $2-3k in this case. Am I wrong?
Summing up, evidence of existing of Petro - all we need to trust Mr Nicolas Maduro
Re: [2018-10-11]Postmortem Research: Crypto is Kicking the Bucket Slowly
I laughed at this article. But it's not the first time that someone has tried to claim that bitcoin is dying, or already dead.
...
It's just the sentiment within the market is bearish right now, and that leads to prices being lower, which is completely normal.
...
It's just the sentiment within the market is bearish right now, and that leads to prices being lower, which is completely normal.
On my personal observations, it dies around 10 times each year in average
here's an interesting opinion, a comparison of BTC and oil in early years. Makes perfect sense as an explanation of the current situation. Unpleasant, yet useful info
https://coinatory.com/2018/06/14/when-will-bitcoin-change-its-trend/
Re: [2018-10-02] Coinatory: Sia: ASIC wars, bricking the Bitmain and Innosilicon ...
It seems that the Bitmain will lose some money.
some say, it takes around $5-8 bil for the development only
just add the production costs of the ASIC batch itself
Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
I personally think that there is absolutely nothing that is worth knowing about with the Petro.
It's a centralized crypto. We get it. It's issued by a government. We get it. But what is it backed by? Pretty much nothing and you'd have to trust the government on their promises in order for the Petro's value to hold up in the long run.
It's nothing like what they've hyped it out to be, nowhere near. Nor has it got any of the benefits of decentralized cryptos in my opinion.
Actually, if you skip the boring part of the article about Petro website (author paid too much attention to it), you will learn that there's no crypto, there's nothing that Petro is backed by and the government's promises are based on nothing that would be possibly done to back the Petro with
I personally laughed a lot about the author trying to be as positive as possible but still failing to say something good about Petro