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Showing 20 of 20 results by homeidea11111
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Topic
Board Altcoin Discussion
Re: When will ICOs die?
by
homeidea11111
on 23/10/2018, 11:35:26 UTC
ICOs can serve a very useful function in society in terms of helping useful projects (although there are many scams too) so I don't think the idea of ICOs will go away.
Post
Topic
Board Economics
Re: Is there any chance of having one global currency?
by
homeidea11111
on 23/10/2018, 11:30:28 UTC
Whilst it would be good to have one global currency, I don't think banks and other institutions with vested interests would allow that. Plus it would take away control from national governments, so I doubt all the nations would agree to it.
There are also powerful nations that are enemies of one another, and they are even less likely to agree to a global currency.
Post
Topic
Board Altcoin Discussion
Re: Average bounty and Airdrop rates
by
homeidea11111
on 31/07/2018, 10:49:01 UTC
Anyone?
Post
Topic
Board Altcoin Discussion
Average bounty and Airdrop rates
by
homeidea11111
on 30/07/2018, 22:15:10 UTC
Hi,

What is the average bounty or Airdrop rate going currently?
What is the amount that you would consider in order to participate?
Of course tasks differ so people would want more for more complicated tasks.

Thanks
Post
Topic
Board Economics
Re: Brexit, UK food jobs & cryptocurrency
by
homeidea11111
on 30/07/2018, 07:46:43 UTC
Post
Topic
Board Economics
Re: Brexit, UK food jobs & cryptocurrency
by
homeidea11111
on 29/07/2018, 23:43:09 UTC
Hi all,

I've written an article about Brexit, the affect on the UK food sector and cryptocurrency. You can find it here:
https://medium.com/@homeidea11111/brexit-food-cryptocurrency-525d43763a43

Thank you Smiley

Well, I get that this is a nice idea and all and that this would be a great opportunity to give cryptocurrencies their wanted attention, but..

Why the hell do we have to solve this with Cryptocurrencies? Of course, it would impact the crypto market very positively, but for the rest, what advantages does the crypto-market offer in this case? Why would one not simply launch an off-the-chain app for these home cooks?

It's nice and all, but I'm not so sure if we need to involve Cryptos here...

This is discussed here:
https://www.reddit.com/r/HomeEats/comments/9276xf/frequently_asked_questions_faq/
and in the whitepaper in further detail:
http://homeeats.co.uk/documentation/Homeeats%20Business%20Whitepaper.pdf
Post
Topic
Board Economics
Re: Brexit, food jobs & cryptocurrency
by
homeidea11111
on 29/07/2018, 23:10:11 UTC
Thank you.
There's various ways the cryptocurrency world can help in different problems of the world.
Post
Topic
Board Economics
Brexit, UK food jobs & cryptocurrency
by
homeidea11111
on 29/07/2018, 21:53:45 UTC
Hi all,

I've written an article about Brexit, the affect on the UK food sector and cryptocurrency. You can find it here:
https://medium.com/@homeidea11111/will-brexit-ruin-the-uk-food-sector-and-will-crypto-save-it-6f08ad98d795

Thank you Smiley
Post
Topic
Board Altcoin Discussion
Re: Solidity resources
by
homeidea11111
on 30/05/2018, 18:14:28 UTC
Thank you
Post
Topic
Board Altcoin Discussion
Solidity resources
by
homeidea11111
on 30/05/2018, 00:29:57 UTC
Hi,

Can anyone provide good resources for a beginner learnomg Solidity until the advanced stage?

Thanks
Post
Topic
Board Speculation
Re: The falling can't be real
by
homeidea11111
on 29/05/2018, 02:13:55 UTC
We are going back to the scenario of year 2014 when bitcoin is really falling down hard and that is like the worst thing to expect for the bitcoin holders and investors right now because there is a lot of people bought bitcoin when the price was above 8,000 USD and now it is going down and down and there is no sign of strong support for the price which looks like a doom month for a lot of us.

Imagine those who bought at 16,000.
Post
Topic
Board Bitcoin Discussion
Re: Antbleed: A remote shutdown backdoor in antminers
by
homeidea11111
on 28/05/2018, 23:27:36 UTC
So if I understood it correctly, bitmain has a remote kill-switch (effectively, since they can brick the machines with the firmware change) on 70% of hashrate? fanastic. What are we supposed to do now, other than change the PoW algo immediately? Core Devs should be having a meeting with non-Bitmain miners right now proposing a roadmap to change the algo and leave Bitmain isolated. I don't think even the BU camp is stupid enough to keep supporting Jihan and his rigged miners anymore.

Anything but open source mining machines should be totally banned from the network. Ideally we should go back to 1cpu=1miner with a new PoW, but how do we guarantee that we will not end up like this again? at least we'll set a precedent I guess.

Anyway, I hope Core Devs are already on this like I said before. We can't go no longer than a week sitting under explosives.

That is really worrying. I guess people should now consider  this on top of the standard 51% attack possibility
Post
Topic
Board Development & Technical Discussion
Re: Cost of 51% Attack $2,270,712,250.38 (rindex.io)
by
homeidea11111
on 28/05/2018, 18:44:45 UTC
What about the recent 51% attacks on Bitcoin gold etc?  Does that make an attack on Bitcoin more feasible?
Post
Topic
Board Legal
Re: New laws of Malta on ICO
by
homeidea11111
on 26/05/2018, 15:44:11 UTC
The Government of Malta has just published 3 draft laws on local regulation of ISO.
In comments in the press met the description of these laws. And it says about the requirements for white paper. I can not find - will someone help?



When will Binance move to Malta? I heard they're going to create 200+ jobs there,
Post
Topic
Board Altcoin Discussion
Re: NEO is going to be at the focus point.
by
homeidea11111
on 26/05/2018, 14:30:24 UTC
NEO has its own game to play and to be honest, china has a very huge population and they like to support their own product.

With a few pointers in place, NEO will definitely be something that is worth to look at for long term.

I have it and am still holding it

People have been saying similar for many months in the past now.  However maybe when the market matures, the Chinese government will become more favourable to cryptocurrencies.
Post
Topic
Board Economics
Re: Is it digital gold?
by
homeidea11111
on 17/05/2018, 18:20:35 UTC
Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.

Bitcoin is partly like gold because a lot of effort and resources need to be spent to extract each bitcoin. However paper money of $10 costs almost the same to print as $50, so paper money isn't like gold at all.
Post
Topic
Board Beginners & Help
Re: Pump and Dump
by
homeidea11111
on 15/05/2018, 21:10:22 UTC
Is pump and dump illegal or not?
if not can you share a link of it ?

The USA SEC ruled that P&Ds are illegal and are offering bounties to report the members of P&Ds. The bounty is applicable if they are convicted. So yes, P&Ds are illegal in the USA.
Knowing the EU and UK regulations, P&Ds even in cryptocurrencies would be illegal, even if not regulated.
Post
Topic
Board Trading Discussion
Re: Top reasons that leads to fail in trading
by
homeidea11111
on 13/05/2018, 11:19:52 UTC
Greed is a common problem. If you give a person a mountain of gold, he'll want another one and on and on. He won't be satisfied and if he loses it, he will be in regret.
It is hard to know what price and rate of profit to sell at e.g at 1X, 2X, 10X etc. This varies for each person and depends on their goals in live and what they want to achieve. Without determining this for oneself, one can't have a strategy for when to buy and sell, so one ends up going more on gut instincts and emotions.
Many also fail because they use TA and assume that past performance/trends prove future performance/trends. Such people tend to see what they want in the historical data, when actually the comparison is more complicated because the causes of the historical trends/performance are different to what is happening now. This is also bad for the market because it becomes a self-fulfilling prophecy.
Post
Topic
Board Economics
Re: A cryptocurrency with volatility can't be used as money
by
homeidea11111
on 13/05/2018, 11:07:15 UTC
If the value of the money decrease, that means the value of the merchandise decrease.
I think it's the reverse--if the value of, say, fiat decreases the price of good goes up.  I'm thinking of hyperinflation situations in particular, where the price of stuff can go up crazy amounts.  You've seen those wheel barrels with Zimbabwe dollars in them, right?  Well yesterday it cost 100 dollars to buy X, whereas today it costs 10,000 dollars for X.  The value of the money went down quite a bit, and as a result the price of X is high.

The example of buying a flat I think is correct--if the flat was valued in bitcoin only.

As far as volatility being an impediment to bitcoin being a currency, I agree with that as well.  When it's going up, that encourages hoarding of it, and when it goes down you can't spend it fast enough.  You can still use it as money, of course, but the volatility is definitely a negative attribute as far as that's concerned.  But that also makes it great for trading.

That's true, and the post below also made the valid point of the price (hopefully) normalising later on. This is more applicable to when a particular cryptocurrency gains mass adoption so the actual usage is the main driver behind price, instead of speculation.
When you think of shares, the more established a company becomes, the more stable is the price.
However like shares and fiat (FX markets), cryptocurrencies will continue to have some traders that affect the price through speculation. For example when a large company announces a new venture in a new country, the price increases be a decent %. Or when a country gets downgraded in terms of its credit rating, the price of that local currency/fiat depreciates (falls), as less people demand it. This doesn't make that fiat currency be inappropriate for use as a currency or money.
One can also think back to the old days where people would use other things as money, such as wheat or dates. In such cases, the price would be affected the demand and supply of wheat, leading to sometimes large changes in the price. However they remained being used as money for centuries.
The issue with fiat is that authorities can print lots of fiat almost at will, which can lead to sharp changes in price, even in the short run. This cause doesn't occur with bitcoin.
Post
Topic
Board Economics
Re: Is small business ready to sell for cryptocurrency?
by
homeidea11111
on 11/05/2018, 19:43:28 UTC
The fundamental way that small businesses can use blockchain technology is by accepting cryptocurrency as a form of customer payment. Blockchain can help bring products and transactional services to market quickly and inexpensively, and get rid of the traditionally high costs of security, data storage and other overheads. It can speed up the exchange of property, manage the overall execution of business contracts, streamline overall contractual enforcement, track and verify identities, and many more.

So if this small businesses get to understand this they will thrive faster

Blockchain and cryptocurrencies should be targeted at those industries where the benefit is the most apparent and clear (e.g. identity).
It is also about how much pressure that the customers exert on the businesses to accept cryptocurrencies as a form of payment. If lots of customers demand or request it, then many businesses will offer such services.