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Showing 20 of 34 results by jgaltt
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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] SmartValley – decentralized expert community for ICO projects
by
jgaltt
on 15/07/2018, 19:01:56 UTC
Last time I write here I asked about ICO progress. Now seems like there can't be any progress since there's no ICO. They stopped it. Finito.
I appeal to the investors, what are you gonna do about it??
Same, man. I felt like the project was left behind; turns out it really was. I'm gonna wait till they contact me with their instructions. Regarding what happened, I don't get why a project where reputation is the key to success would pull such a stunt. Giving money back might help them but I don't know many people who would be able to trust SV or Voronin in particular after this.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] SmartValley – decentralized expert community for ICO projects
by
jgaltt
on 09/07/2018, 20:15:52 UTC
Guys, what's wrong with you? Why are you so optimistic? Some guy with his translated article just took your Smartvalley by pieces, and you were so freaking    
small-minded that you couldn't get it yourselves?! I'll tell you what: you don't need anything else to say that SV is a scam

These are far too strong words to conclude that smart valley actually is scam. It's mean to call people small minded just because they believe in a project you consider worthless. This article that you claim to break smart Valley into pieces actually arises questions itself. Some facts in particular requiere double-check.
But I tend to agree with some of the statements. For one, Smart Valley really lack transparency although it lists it among it's primary goals. Another drawback is that they don't make any updates on their progress, ignore the questions. They just leave us feeling that the project was left behind. At the beginning, I was very supportive of the project. Now I'm very disappointed.
Post
Topic
Board Altcoin Discussion
Re: Why is ICO period long?
by
jgaltt
on 02/07/2018, 14:04:34 UTC
I think when ICO period is long that only indicates that the founders aim at engaging more people, raising stakes and eventually collecting more money. In my opinion, it by no means reveals what results they get
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Topic
Board Altcoin Discussion
NEM's future. What do you think of it?
by
jgaltt
on 12/06/2018, 19:16:59 UTC
NEM seems to prosper at the moment, it has signed partnerships with Multiversum, BitPrime, ProximaX. It has also released renowned Catapult mijin 2. And has other really cool initiatives, BUT it's volatility rates are high, and the price is very unstable, and although it has made great progress on the Asian market being listed on major exchanges, I still have a perception like it's kind of hopeless altcoin, because of its  previous major failures in the market, security problems, hacks, etc.
What is your opinion on NEM?
Post
Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 11/06/2018, 17:12:46 UTC
http://lared.com.ve/noticias/tareck-el-aissami-pretenden-imponer-precios-especulativos-de-criptomonedas-en-venezuela/ now the government blames bank accounts and speculation that harm El petro, but not their own mistakes.. like, I mean what kind of Soviet Union rhetoric is that to always blame some external enemies and never assume your own fault
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Topic
Board Altcoin Discussion
Re: Asian Cryptocurrency Trading Roundup: Top Altcoin is NEM (XEM)
by
jgaltt
on 07/06/2018, 13:22:55 UTC
Have you heard about NEM (XEM)? They say NEM (XEM) is the biggest underdog in the Altcoin world. So  why is NEM (XEM) a Dark Horse in 2018?
I don't understand why NEM Is judged so positively. Almost every paper say that their security is high class level, super secure etc. So what about the hacker attack then? How could it even happen? They say NEM offer unique services. This may be true, yeah, but their market failures are huge. I don't know why NEM Is constantly listed among the best cryptocurrencies, in fact, its price has been falling recently with no hint on stabilizing volatility... I don't know what else to say about NEM. If I were you, I wouldn't invest in it
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Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 06/06/2018, 19:41:44 UTC
As an investor I lost so USA feel free to conquer Venezuela asap, peapple are suffering with these liars who are in power....
It made me laugh, but in fact it is VERY sad. I feel like soon we are gonna be watching kind of coup in venezuela as the government can't provide anything for the people, no need to even talk about providing petros
Post
Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 05/06/2018, 13:04:02 UTC
coups, endless lies, insults, mafias to any kind of physical, economical and psychological aggression you can imagine. Petro and the people around it are tougher than you can dream, i'm afraid.

For 20 years we've read and seen this insults on the mainstream media, social media and from the people parroting the media, billions have been spent to destroy Venezuela and Chavez... but the violence from the US and the wealthy opposition has been beaten over and over again, peacefully, while the popular support of chavismo has resisted. With the Petro we've seen the same intolerance and arrogance of the colonial brainwashed white men who think they know it all and actually know very little: that makes it even more clear to me that Petro will succeed.


To be fair, even normal size ICO often take far longer then expected from initial idea to full wheels on the ground working enterprise.   Whats usually quicker is the token people can flip, but all the workings of an actual business behind that takes far longer.

I dont know this is the case with Petro but if it really is an ambitious project that will encompass an entire country then thats going to take far longer then a cardboard facade prop up ICO token.   Its possible they are progressing and putting in the workings, people are speculating negatively and positively on this and PTR is not being traded ?  which is frustrating for many no doubt, are they behind schedule officially yet or was it left open.

As far as adversities, I see every economy as challenging itself as naturally everyone wants to profit from exchange of value.   Either the whole exchange system is positive and participants gain in some part on average or it throws itself off kilter and diminishes and alternatives once again take over.
Yeah well it takes long to launch an ico and the dates may change that's obvious. But what makes me and other people think that it is scam is that they don't announce any delays, don't give out ANY detailes about the Petro. You always have to look for the information somewhere and can never be sure that this information is trustworthy.
Post
Topic
Board Altcoin Discussion
Re: El Petro, Trump, Putin and OIL
by
jgaltt
on 04/06/2018, 12:47:13 UTC
I think Putin is watching carefully because if it works then he will introduce a similar coin from Russia. Putin will support anything that will help to reduce the reliance of trade on the US dollar so it is all inter-related.

I heard about such Russian project, called something like Crimea coin...Whatever, it is just another scam

Creating national crypto is a common thing nowadays, but El Petro was one of the first one to launch, although it proved to be a scam
Post
Topic
Board Politics & Society
Re: El Petro after Maduro’s re-election
by
jgaltt
on 01/06/2018, 15:51:44 UTC
Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

El Petro’s figures are actually rising, what kind of survival are you talking about?
What figures? It seems rather that it's dying. Maduro doesn't speak about it anymore, the ICO keeps being a failre and Venezuala is still in deep crisis.

Latest news: India Refuses Oil Trade with Venezuela Using 'Petro' Cryptocurrency
Yeah, well, India refused but maduro has other plans for El Petro. Even inside the country like economic zones etc. So it's not dead or wasted. There's gonna be progress some day


What other plans ? Dude I think you are mistaken. And no plans are for El petro. I don't know yet was it a scheme designed to collect money or launder them or make big companies (those so called investors) accountable to the government. We'll see soon I hope what comes of it

Here’s what I think comes next for El Petro: total shutdown. The process has already started: https://www.crowdfundinsider.com/2018/05/134268-venezuela-is-halting-imports-of-cryptocurrency-mining-equipment/

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Topic
Board Politics & Society
Re: El Petro after Maduro’s re-election
by
jgaltt
on 30/05/2018, 15:54:52 UTC
El Petro is barely living, especially after that failure with India and oil contract. And Maduro remains silent about troubles with icon and all that stuff - that can’t be a coincidence
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Topic
Board Altcoin Discussion
Re: El Petro, Trump, Putin and OIL
by
jgaltt
on 29/05/2018, 11:57:10 UTC
India says no plans for oil trade with Venezuela using 'petro' cryptocurrency
Reuters|May 28, 2018,

NEW DELHI: India said on Monday it had no plans to use Venezuela's local cryptocurrency 'petro' in oil trade with the Latin American nation, which is facing sanctions from the United States.

Responding to a question at a news conference, Foreign Minister Sushma Swaraj cited an order by the country's central bank saying it did not allow trade using cryptocurrency.

Venezuela, whose oil output is falling under pressure from the U.S. sanctions, is offering discount on oil sales done in 'petro'.

Indian media earlier reported that Venezuela had offered as much as 30 percent discount on oil sales to Indian refiners provided they traded in 'petro'.

Now that’s a bad news for El Petro investors!
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Topic
Board Altcoin Discussion
Re: In Venezuela, opened a 7-star hotel, accepting only El Petro
by
jgaltt
on 24/05/2018, 14:07:36 UTC
Now that election time is over, I haven’t heard a single word about El Petro from Maduro and his authorities. There’s a possibility that tho whole Petro project’s been a pre-election step to collect votes and create an illusion of upcoming economic stability. If we assume that this crypto was an instrument to overcome sanctions or inflation, then it didn’t work either. Just have a look at Venezuelan oil industry.
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Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 23/05/2018, 15:08:41 UTC
If this discussion got a little bit political, which is understandable, let me point out that there’s a gathering storm of US sanctions, and we will see what happens with El Petro after US implementing them. I know one thing for sure: if Maduro’s administration stops working on El Petro’s promotion and usability, it will rapidly go down
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Topic
Board Altcoin Discussion
Re: El Petro, Trump, Putin and OIL
by
jgaltt
on 22/05/2018, 12:54:53 UTC
Now that Maduro’s re-elected, what will come next for El Petro? Any opinions?

With US imposing new sanctions on Venezuelan oil industry, which is by the way already experiencing deep crisis, such oil-backed crypto currency like El Petro will have to struggle for its bright future
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Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 21/05/2018, 11:23:49 UTC
So, now after Maduro’s win a new wave of sanctions is about to come, will it affect El Petro?
Post
Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 18/05/2018, 14:52:22 UTC
An invasion of Venezuela is unlikely, almost impossible. Americans only invade and attack countries in desperate conditions, with extremely weak armies and easily corruptible leaderships. This is not the case of Venezuela. They are trying to starve Venezuela but they didn't break it, they make people suffer, they fabricated an extreme social conflict based on hatred, they generated a disastrous decline in the economy but it's not enough. Petro is safe, in that sense. But with the whole western world against it.

The truth is that blockchain technology is not neutral. The myth of decentralisation can be demystified with the case of Petro: we all can see and imagine the difficulties to find support and collaboration around the world for this project, and we know the reasons. Just google "Venezuela Petro" and see the news Google filters for you.

If Petro succeeds, the success will be worth 100x any other coin. Basically a coin with embedded leverage. Smiley

Apart from succeeding, El Petro needs to exist and keep up the price. Considering that it is backed by oil, Petro’s price might experience some fluctuations. And what do you even mean by “success”?
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Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 17/05/2018, 12:47:35 UTC
i think they are waiting for the next presidential elections (next sunday)

- if Maduro wins, petrocoin will continue and it will be released soon.

- if Maduro loses, petrocoin buyers are fucked because the U.S. dictatorship will shutdown the petrocoin.
well... the next president start the next year (2019), so... who knows what's going to happen.


Yeah, right El Petro’s fate is deeply connected with maduro, however not only until and soon after the election, but during his potential presidency as a whole
Post
Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
jgaltt
on 15/05/2018, 18:39:02 UTC
Doesn't it bother you that the Petro you invest in depends so much on international politics?
of course, but...
What does not depend on international politics?

for a investor, Petro is a very risky investment.
you could double or triple your investment
if they finally release it ¿who knows how much would cost a petro at the end of this year?
or you could lost all your investment.
right now it's a lottery.
As far as I see it, those cryptocurrencies that are not connected to governments are more secure in this way and truly decentralized.
Though about this, too. I don't know, even if Petro succeeds I have a feeling that it's dependence on other countries' approval will add to its volatility
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Topic
Board Altcoin Discussion
Re: Venezuela offer India 30% discount in oil price if it paid on paid on El Petro.
by
jgaltt
on 14/05/2018, 18:34:56 UTC
Venezuela has done something historic for the world of crypto, if it works then it will have a good impact for the market. hopefully many other countries follow the steps that have been implemented by Venezuela and I can not imagine if all the natural resources that each country has for sale by using crypto.
Many other countries have already followed Venezuela in creating their own crypto currency. However, considering the ongoing crisis in Venezuelan oil industry, El Petro might face a hell of a challenge!