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Showing 20 of 22 results by gpuk
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Board Exchanges
Re: Bitstamp, Ethereum withdraw smart contract deposits in other exchanges
by
gpuk
on 01/03/2018, 14:03:38 UTC
Update: my ETH finally got credited. I sent the deposit from Bitstamp on 26th January and it was eventually credited on 28th Feb. Talking to Huobi support it seems they manually reconcile all smart contract deposits at the end of the following month in which the deposit was made.

Lesson: DO NOT deposit ETH directly to your Huobi account from another exchange account. Instead, convert to LTC or XRP and send it that way.

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Topic
Board Exchanges
Re: Bitstamp, Ethereum withdraw smart contract deposits in other exchanges
by
gpuk
on 12/02/2018, 19:39:35 UTC
Also made the same mistake with Bitstamp -> Huobi. It's been three weeks now and I'm still waiting for them to credit my ETH (Huobi support claim they have asked the tech team to manually do it but they can't give me an ETA as to when it will be done).

Will post here if/when it turns up.
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Topic
Board Speculation (Altcoins)
Re: Palm Beach Confidential October 2017
by
gpuk
on 19/10/2017, 21:00:04 UTC
If anyone wants to read the September issue of PBC, here's a link to it from google: https://www.docdroid.net/tbMFZcV/palm-beach-921.pdf
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Topic
Board Speculation (Altcoins)
Re: Palm Beach Confidential October 2017
by
gpuk
on 19/10/2017, 20:25:00 UTC
Does anyone know how many subscribers this Palm Beach newsletter has? This is a pricy newsletter so
 has wealthy customers who can cause big moves in small marketcap coins with their buy or sells.
Clif High is another newsletter guy with his monthly $99 crypto reports causing some moves.

180,000 apparently.

are you seriuos where did you get that data? I dont think that is true can you provide the source of this information. 180k that is insane, lets say if everyone will invest 1 bitcoin that is 180k bitcoins in som altcoin, this is immosible

Already provided the source: https://www.youtube.com/watch?v=kWF2YHHRhA4&feature=youtu.be&t=797  [ 17 minutes into the video he says 180 thousand subscribers - and the slide shows that figure too ]. I doubt all 180K of their subscribers will invest in ZEN.
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Topic
Board Speculation (Altcoins)
Re: Palm Beach Confidential October 2017
by
gpuk
on 19/10/2017, 19:54:44 UTC
I've been accumulating ZEN since August (and will keep HODLing during this pump too).

Love the team, the tech and the promise. It will offer better privacy than Monero, should have none of the scaling issues and one of the team members used to work for NASA (as in the space agency). Plus they're super transparent, give regular updates and are doing a lot of tech dev work.

Basically, I'm not surprised PBC is shining a spot light on them. If XMR can hit $90 and ZEC $200+ I don't see why ZEN can't get to that territory (or higher) over the next year or so. As China, Russia etc. start cracking down on crypto currencies, there's going to be more and more demand for fast, secure, anonymous coins and I think ZEN is really well placed to be a big part of that wave (that's why they're doing a lot of awareness and community 'reach out' work in Asia right now).
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Topic
Board Speculation (Altcoins)
Re: Palm Beach Confidential October 2017
by
gpuk
on 19/10/2017, 19:42:08 UTC
I would imagine their combined potential investment pool is more than enough to move even the big projects.

If you look at ZEN's market cap, I'd say PBC's subscribers have a lot of potential to move it up if they're interested in the coin: https://coinmarketcap.com/currencies/zencash/
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Topic
Board Speculation (Altcoins)
Re: Palm Beach Confidential October 2017
by
gpuk
on 19/10/2017, 19:35:07 UTC
https://www.youtube.com/watch?v=kWF2YHHRhA4&feature=youtu.be&t=797  17 minutes in.

From listening to that, it sounds to me like it's confirmed ZEN will be featured in the PBC letter today?
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Topic
Board Speculation (Altcoins)
Re: Palm Beach Confidential October 2017
by
gpuk
on 19/10/2017, 19:20:37 UTC
Does anyone know how many subscribers this Palm Beach newsletter has? This is a pricy newsletter so
 has wealthy customers who can cause big moves in small marketcap coins with their buy or sells.
Clif High is another newsletter guy with his monthly $99 crypto reports causing some moves.

180,000 apparently.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LIF] Winding Tree, Decentralizing The $7 Trillion Travel Industry
by
gpuk
on 10/10/2017, 17:57:35 UTC
Quote
We already have companies lined up who want to source inventory from winding tree and resell it! Also by making it easy for developers to integrate with the platform anyone could resell a hotel room i.e. in a hotel review etc. I think ways of monetizing distribution and distribution reach will change when the inventory is just there - easy to integrate and resell. But coming back to your point we will announce some projects building on the reseller site before our TGE!

This sounds great. I've been looking at WT mainly from an airline perspective since that's where I'm a bit more familiar. I think for hotels you'll have a much easier time getting suppliers and resellers to use the platform. The hotel business is bigger, a lot more fragmented, generally subject to higher rent seeking margins from gatekeepers, enjoys less regulation (in terms of who the end contract is with, delay compensation etc.) and is just a better "place" for this sort of experiment to find its feet (I think).

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I don't think the setup cost is that high. Initially we can be used as a separate channel and if WT saves the suppliers enough and the math works then it'll make sense for them to integrate WT right into their CRS.

Sounds like a very sensible approach. Doubly so if you can make it super easy for CRS developers to add WT as a channel to push to (through good docs, standardization and maybe paid for training run by the WT foundation). Another reason why I think WT will work better for hotels than airlines is that hotels have more choices when it comes to CRS (most airlines are exclusively using systems provided by the companies WT is designed to disrupt - outside of doing it ad-hoc and then manually trying to reconcile bookings with their existing system - it isn't easy for most of them to just 'add' another channel to push to).

Quote
About your comment on overbooking - we don't have a large order book for hotel reservations. It's a spontaneous purchase and today's system run way behind anyway. Also the broadcasting of the transaction can already temporarily remove the room or seat from the suppliers inventory - without having to wait for x confirmations. If it doesn't confirm then it can be released again after 2-3 blocks 50 seconds or so currently on Eth.

Temporarily removing inventory and releasing back if the t/x isn't confirmed makes sense (didn't think of this!) - definitely removes some immediate scaling pressure.

So, really appreciate you taking the time to thoughtfully reply Smiley  I think you're going to have a hard time with airlines (especially tier 2 ones) but for hotels WT looks interesting (and anything that can help change how distribution is done in the travel industry is definitely worth trying!).

Good luck.


Edit:
You guys should maybe consider talking to Triptease and seeing if they'd be an early adopter/brand champion (seems WT should be aligned with their mission).
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Topic
Board Announcements (Altcoins)
Re: [ANN][LIF] Winding Tree, Decentralizing The $7 Trillion Travel Industry
by
gpuk
on 10/10/2017, 14:38:15 UTC
BTW, I apologize if I'm coming off as a snarky armchair skeptic. It's just that what you are trying to solve is a very hard problem: technically, economically and politically. I've spent a lot of time myself thinking about the underlying incentives that have caused today's mess in distribution and how that could be fixed.

I haven't got all the answers but I'm convinced it starts with making technology and intercom easier and cheaper for travel suppliers and retailers. For me this means open, easily implemented standards that have wide industry adoption (and maybe even replacing commercial PSS/CRS systems with better open source alternatives). I'm not sure increasing complexity with a blockchain solution necessarily changes much (other than unnecessarily increasing friction).

In the case of Lufthansa, for example, new entrants and startups can already get direct API access to their inventory (https://developer.lufthansa.com) without needing to learn about tokens and blockchains. Surely that's a good thing and the industry (airlines and hotels) needs more of it?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LIF] Winding Tree, Decentralizing The $7 Trillion Travel Industry
by
gpuk
on 10/10/2017, 14:06:58 UTC
Thanks for the quick reply.

Quote
1) First of all we're not building a marketplace ourselves, in fact we'll just offer inventory which comes directly from the supplier to anyone. So people can book directly through the blockchain or  marketplaces can be built around winding tree which source inventory from the platform. We have been working on the on-boarding of partners - and Lufthansa was the first partnership we've been able to announce officially. There's a lot of interest on the supplier side - it's more the legal hassle that slows us down.

Point taken, although suppliers are not going to be incentivized to push their inventory in to a black hole. You will have to stimulate some adoption on the other side too. Lufthansa is a great partner but I'd argue they're also one of the easier ones to launch with. They have the budget and in house tech knowledge to experiment with this and they're at the vanguard of trying to push back on the level of control incumbent distributors have over the industry.

Quote
2) Correct - so with the suppliers we've talked to the aim is to initially push inventory to the blockchain live and in the long-term integrate winding tree at the source i.e. the Property Management System. That's another reason why we've been pushing to working with suppliers as we can work together with them to find ideal solutions for making integration as seamless as possible. Overall cost of integration is a fixed cost, distribution is a variable cost which occurs at every booking. If you consider the commission rates suppliers are paying it should be a very profitable investment.

Agree with this although the elephant in the room is that most suppliers don't have the cash flow (or bank credit) to invest in up front capex/fixed costs. It's much easier for them to bleed some profit via commissions as sales are generated rather than swallow a big integration cost (and the associated time and disruption that implies) before seeing returns.

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3) For travel bookings you don't necessarily need instant verification. In fact it's very likely you'll be booking something that's a couple of days out or even months. But in the general scheme of things we are looking closely at all scaling projects and already talking to some to see what the best path for us could be on scalability.

There will be an almost immediate need to guarantee double bookings don't take place though (beyond whatever threshold an airline or hotel usually tries to aim for)? Also, things like booking alterations, cancellations, refunds etc.?

Quote
4) NDC has been tried, everyone just integrated their own version of NDC. I think we need a radical change in distribution, and to enable everyone to get access to inventory and resell it blockchain is the ideal solution. We also believe in the benefits of decentralized networks.

There are small implementation quirks and differences but these are not huge (nothing an overlay library doesn't easily solve) and are projected to reduce over time as the industry agrees on best practices.

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Topic
Board Announcements (Altcoins)
Re: [ANN][LIF] Winding Tree, Decentralizing The $7 Trillion Travel Industry
by
gpuk
on 10/10/2017, 13:14:33 UTC
Hi Winding Tree team

I've read through the whitepaper (like the MVM approach btw!) and have a few questions:

1. Given the fact distribution in the travel industry is controlled by a handful of huge, entrenched players; how do you envisage bootstrapping your marketplace? As I see it, you have a classic chicken and egg problem (suppliers will only invest in getting their inventory into Winding Tree if there are consumers; consumer will only use Winding Tree backed B2C agents/sites if there is a comparable level of inventory choice available through it compared to existing channels). To complicate it further, due to the existing power dynamics in the industry, small and medium sized players will find it very hard to embrace WT (technically, and relationship/business contract wise) without risking being blacklisted by the industry gatekeepers.

2. For WT to work, travel suppliers (hotels, airlines) are going to need to make large investments in their IT platforms and back-office processes to integrate with WT. Travel buyers (agents, B2C sites etc.) are also going to need to invest in working with your blockchain (versus consuming a simple REST/SOAP API from aggregators/GDS providers as they do today). That's a lot of upfront dev (and legal/compliance) work and the travel industry is not known for its IT competency. In fact, most suppliers, aggregators and travel retailers today actually rely on tech provided from the very companies Winding Tree is trying to disrupt (Amadeus, Sabre, Travelport, Navitaire etc.). Where are all these participants going to find the talent and vision they need to build in-house integrations to the WT blockchain? I feel like all they will end up doing is moving the cost of distribution to the cost of integration (i.e. having to pay high priced consultants to create back-end software for them).

3. Your whitepaper mentions the need for massive improvements in the volume of transactions that can be processed (either on or off chain) in order to support the scale needed by the travel industry. With things like LN and plasma still years away, how comfortable are you that the necessary t/x volume support will come to WT in good enough time so as not to harm your scale up?

4. It seems to me that the main problem WT proposes to solve (removing the concentration of distribution from the hands of a few big gatekeepers) could be solved with industry adoption of standardized and open intercom protocols. The airline industry is already seeing this with NDC, for example. This way, the marketplace gets the same benefit of WT (i.e. lower barrier to entry for new startups; reduced overhead, complexity and waste through open standardization; easier/more affordable for less technically savvy suppliers to participate, reduced or eliminated need to consume inventory through platform intermediaries etc.) but without the need to completely re-invent distribution from the ground up and move everything in to a blockchain. Or put another way, why do you so hastily dismiss NDC as being a viable blueprint for the rest of the travel sector to learn from?

Apologies if these are hard questions but I am deeply interested in anything that removes the bondage of distribution as it is today from travel suppliers and yields a cheaper, faster, better experience for consumers. I'm just not 100% sold on the idea that simply moving distribution to a blockchain is the most expedient or realistic approach to ushering in such a revolution.

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Topic
Board Speculation (Altcoins)
Re: Get Neo and Gas now or get smashed in the face.
by
gpuk
on 04/09/2017, 11:59:34 UTC
I don't understand what NEOs value prop (other than "founders are Chinese!!!") is? LISK, ARK, RISE and others are all working on similar concepts (interoperable blockchains that support smart contracts written in mainstream programming languages).

They were so inept with their branding that it took some random guy posting on medium with basic UX/marketing "101" advice before they did anything about it.

Other than being "from China" (which, as we see right now can be a double-edged sword), what's so special about them?
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Topic
Board Speculation (Altcoins)
Re: Need advice on $100k investment
by
gpuk
on 01/09/2017, 22:58:47 UTC
I'd stick most (60+%) in stable coins like BTC, ETH, LTC. For the remainder, I would personally make "function or platform" bets. So I'd pick a security orientated coin (e.g. ZEN), an exchange/marketplace coin (e.g. OMG), a "blockchains for everyone" coin (e.g. LSK) and maybe one other wildcard or hedge (e.g. a competing security coin like XPSEC).
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Topic
Board Speculation (Altcoins)
Re: Potential 100% increase for September??
by
gpuk
on 24/08/2017, 21:40:09 UTC
Hello,

I have 5 BTC to invest for September and need to recover from my big loss lately....

What coins can go 100% in near future in 30 days from now?

PAY, OMISEGO, LUN, SHIFT, LISK, NEO or maybe BINANCE?

These are my types.

What would you choose if you had to bet just one?

I am thinking to invest all in PAY. I heard about some app coming out soon, but when this is going to happen? Anybody has some informations? Thanks!



I would put the mouse down and walk away for a few months. You're destined to lose all your money I'm afraid.

You don't recover from a "big loss" by dropping 5 BTC into altcoins that either have no chance at all or are already pumped.

Like I said -- take a few months off and clear your head.

Agree with this advice very much. If you put a gun to my head: ZRX, OMG, XRP (in that order). But probably needs minimum 3 months rather than 1 to get a nice pump.
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Topic
Board Speculation (Altcoins)
Re: 0x (ZRX) is trading at 0.17$ while ICO still live with 0.05$ per token
by
gpuk
on 22/08/2017, 02:06:20 UTC
I think ZRX could be one of the great breakouts. The team is hugely competent, very strong advisors, great vision and the tech is already working. Missed the ICO but have just slurped up some coins through EtherDelta @ 0.34USD (wanted to use Poloniex but still waiting for them to verify my account - how is this exchange as big as it is?? They're utter crap compared to Bitstamp, Kraken and Bittrex).
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Topic
Board Speculation (Altcoins)
Re: 1 BCH = 1 BTC before end of august?
by
gpuk
on 19/08/2017, 12:33:57 UTC
I keep seeing websites stating that it's over with BTC mining, now it's more profitable to mine BCH over BTC and all that FUD. Is no one taking into account the fees miners get from transactions? Bitcoin averages 12k transactions per hour white BCH barely reaches an average of 800 transactions / hour. The revenue from transactions fee is huge for BTC atm.

Also, if a large pool, or more, were to switch over to mine the BCH blockchain, the difficulty would adjust in such a way that it would make it very unprofitable to mine it over BTC blockchain.

Why do people keep claiming that is more profitable to mine BCH?

This is, for me, why it's such an obviously cynical pump by the people behind BCC/BCH. At current transaction rates and volumes, BCC mining only makes good money on new blocks. Guess who controls > 90% of BCC mining? The originators of the fork.

Pumping the price short term is easy but getting BCC tx volumes up to BTC levels requires massive adoption by everyone in the space (exchanges, end users, miners etc etc). Can't see that level of co-ordination happening and long before it did, difficulty would have shot up (so miners who switched after this huge pump don't gain anything more than what they would have had sticking with BTC).
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Topic
Board Speculation (Altcoins)
Re: 1 BCH = 1 BTC before end of august?
by
gpuk
on 19/08/2017, 11:19:54 UTC
If miners leave for BCH, difficulty will increase which in turn will reduce difficulty for BTC (pulling miners back again). I don't think the majority of miners will flip/flop like that.
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Topic
Board Speculation (Altcoins)
Re: 1 BCH = 1 BTC before end of august?
by
gpuk
on 19/08/2017, 10:42:06 UTC
BCH's rise is some clever whale manipulation mixed with luck but long term it's going no where as a coin.

I think this pump has been triggered by a happy coincidence and some cynical players: the first 8MB block was mined this week and mining difficulty is also about to halve.

Pump scheme (also remembering that BCH creators control most of the mining activity on the network):
1). Announce an 8MB block has been mined for the first time ("validating" their tech works - which is stupid anyway, of course it was going to work)
2). Pump the price just in time for the weekend (which is usually a bearish period and when newbie speculators are most jittery)
3). Remind everyone that mining difficulty is about to halve just as the price per coin is shooting up
4). Watch as people panic buy BCH to get in on the pump over the weekend
5). Dump whatever BCH they haven't already sold on the way up sometime next week or the week after and enjoy the last massive profit before BCH craters in to a dead coin
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Topic
Board Speculation (Altcoins)
Re: $2000 to invest?
by
gpuk
on 16/08/2017, 15:02:10 UTC
Why do not you opt for Bitcoin investments?

Bitcoin is predicted to reach $ 5000, I think better investment in Bitcoin.

Don't know about the OP but I'm looking at altcoins for a larger, faster return (e.g. x5 to x50 in < 6 months). Higher risk but that's why I'm only gambling $2K.