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Showing 10 of 10 results by spartakkus
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Board Altcoin Discussion
Re: BEST NEWCOMER TOKEN IN THE LAST FEW MONTHS!! CAST YOUR VOTE!!
by
spartakkus
on 13/10/2017, 08:33:55 UTC
Viberate (VIB)! solid team (including charlie shrem assesment), platform already online, and very unique features in roadmap for 2018 (ticket sales + blockchain -> boom)
Post
Topic
Board Speculation (Altcoins)
Re: TRON Whitepaper (English Translation)
by
spartakkus
on 01/09/2017, 11:21:14 UTC
I've managed to register at official site, but that's a complete mess...

https://tronlab.com/en.html

But it's terribly confusing. Whitepaper says ICO starts 7th September, but on the website I can see a countdown (that doesnt match exactly time left until 7th), and a message "ICO Completed 90.08%"

Has ICO started or not??? Have already here deposited ETH through that website after signing up?
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Topic
Board Tokens (Altcoins)
Re: [ANN] [ICO] [VIB] Viberate | Decentralized Music Talent Marketplace
by
spartakkus
on 31/08/2017, 15:31:56 UTC
One question. I have never been rejected of an ICO because of reaching hard cap. What happens in that case? You ETH get returned to your wallet after the chaos goes away? Anyone been through this? Thanks
Post
Topic
Board Economics
Re: Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining
by
spartakkus
on 29/08/2017, 15:15:41 UTC
Hi everyone. Now that ICO has started, has anybody invested on it? Minimum seems about 400$. Looks promising but have serious doubts about it. No official ICO bitcointalk thread either, and this one lacks of entries since several days.
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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Rakugo - Content Tokenization Platform [Pays 20% of Company Revenue]
by
spartakkus
on 25/08/2017, 08:53:58 UTC
Hi, I like the idea of the ICO but see little support from investors. Can you confirm current ETH total investment on your ICO? I can't see it on website.

Thanks
Post
Topic
Board Speculation (Altcoins)
Re: Is Ethereum best for investment?
by
spartakkus
on 04/08/2017, 23:05:09 UTC
There are a lot of people out there telling that cryptos are a bubble. Well, sadly I have to agree. Why? because real world doesn't need hundreds of cryptos. Only a few, the strongest, will survive in the following 10 years, and most likely ethers will be one of them.

Bitcoin was the wheel back in 2009, ethereum is the car right now. As long as there aren't no new coins that are the airplan, or the boat, I see no reason for them to survive long term.

To sum up, if you want to invest long term, buy ethers. If you want to do short term trading, I'm not the one for advicing you.

About waves. Yes, I agree it may have some improvements over ethereum, but they likely are not enough for waves be the preferred platform. Ethereum got the second position in cryptos because it added a huge value compared to bitcoin, and even that way, won't surpass BTC never. Time matters a lot in technology, and if a newcomer comes into play not making a huge difference, like waves, there's a great chance for it to be forgotten long term (and I have some waves on my portfolio). I could name lot of examples of this in past technologies, for example WhatsApp vs Telegram

About ICOs. I agree, ICOs are not helping ethereum right now, but think about bitcoin past. How many articles in the past telling its only used by criminals, or to buy shady things on the dark net? Sadly bad people often find quick a way to get benefit from new techs like blockchain, but what's the image of the bitcoin today? It had so great potential that survived from these kind of acusations and bad press. The same will go for ethereum long term. There will be an after ICO era (not meaning ICO dissapearing, but more reduced and controlled), and ethereum will be stronger then.
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Topic
Board Altcoin Discussion
Re: Coins with dividends
by
spartakkus
on 04/08/2017, 11:31:15 UTC
Polybius Bank through PLBT token will share 20% of benefits through token holders (once bank is up and running)
TrueFlip through TFL tokens will share x% (don´t remember) also, and TrueFlip is no future promise, it's running right now.

Both ICO's have recently ended, so still need more time to get to main exchanges (although Polybius is already on livecoin I guess)
Post
Topic
Board Speculation (Altcoins)
Re: Anybody with $10,000 worth of BTC+Alts today should be a Millionnaire in 2025
by
spartakkus
on 04/08/2017, 08:31:01 UTC
I've thought also about this topic sometimes. Crypto market cap has potential at least (midterm) to reach 10% of total market cap (including classic exchanges). You're values are right. Classic exchanges are around 70 trillion, and cryptos only 0.1 trillion. 10% would be 7 trillion, so growth is x70.

I'm confident this could happen sometime before 2025 (2022, 2023 maybe...)

Best case, and long term, could be crypto having about 30 - 60% of total market cap, but for this we would need at least 30 years from now. Could be useful for retirement anyway Smiley
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Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] ChronoLogic - Proof-of-Time token on Ethereum
by
spartakkus
on 02/08/2017, 14:07:31 UTC

ICO contributors get both.

The ETH address you contributed from becomes one of 3,333 TimeMints (similar to Masternodes) that is able to create new DAY tokens through the passage of time.

On day zero, you will initially receive 24 DAY tokens per ETH. After day zero your TimeMint starts minting additional DAY tokens everyday.

In the whitepaper, the minimum needed to set up a TimeTX contract is 8,888 DAY. This means you need something like a 200 ETH investment to sell your TimeMint at the end of the first chrono era (if you just let the DAY generate more of itself) and 300+ to be able to sell it early on, even for the 1% mints. In practice, since the Mint presumably isn't mining anything while it's in the contract (as your DAY that you were mining with just got locked) it's even worse. There's also no real way to check whether anyone has a mint for sale in the first place (I guess people will wind up posting in here? meh) so it's extremely illiquid.

It's an interesting concept but I strongly recommend revising this point.

Additionally, to be blunt, the use cases in the white paper are anemic. The WP describes a token designed to be as hoarded as humanly possible, but there's nothing to spend it on and anyone without a Mint (remember, they're effectively not tradeable) has no reason to accept it. Investors are dependent on the company to eventually launch a platform that may, one day, do something with those tokens. "We'll find a lot of use cases later" is not good enough to send 88 ETH off and get back an asset it will take 300 more to ever trade.

The team's pedigree is beyond solid and the token itself is unique, so I'm puzzled why this ICO had to be now and not two weeks of use case brainstorming / development later, because there must be something better to shoot for than this.

Hi Alex, thank you for your interest in ChronoLogic, your feedback is valuable.

The fact that TimeMint addresses are themselves tradable creates a secondary market. Exiting out of a TimeMint is an option of the DAY token, rather than a core feature. It is premature to analyze that the market will be illiquid or liquid.

You can put in as little as 1ETH during the ICO. You don't necessarily need to pay 88ETH, that was the minimum price for some of the TimeMints still available during the pre-sale.

ChronoLogic expands the use of time on the blockchain, there is a certain level of serendipity that must be taken into consideration for early stage blockchain projects like this one. Being able to explain practical use-cases is important, but we are not here to foresee how the market will evolve, we believe all the different angles empowered people will come out with will be inspiring.

We envision people and businesses being able to create their time tokens with several different logic elements to measure, record, trade, buy and sell time-based activities. There is a lot that can be done with time on the blockchain and we want to expand what is possible right now. We're inspired by connecting the fundamental features of time with the blockchain.

The DAY token is itself a good example of what can be done with time on the blockchain: pegging time to minting or staking a usage or store or value token.

Hi,

As is clear from the WP, a TimeMint is only really valuable during the first 3-4 eras. All Mints will mine >75% of their tokens within the first 6 months and 90%+ within the first 12 months. As such, there is very little point to selling a Mint after 6 months; the market will never have any significant time to develop. Furthermore, if you put the Mint (and/or the tokens used to power it) up for sale in a 2 week auction you waste 12% of its output, and, of course, it takes 300 ETH to sell -any- of them, including the ones the ICO participants pay 1-10 ETH for. With this limitation, even if they weren't already mining less than the pre-sale versions, it is virtually impossible for any of the Mints bought by small-cap buyers to ever be sold. The bigger ones might be tradeable if there was a site or a UI set up somewhere to do that, but I don't see that shown here.

Meanwhile, DAYs are designed to be hoarded as their only use case in the real world right now is to be used to stake more of themselves. After those 6-12 months, the wells will run dry. Then what? You haven't outlined a reason why anyone not connected to a Mint will want one. The team wants to develop other proof of time use cases but that may well have nothing to do with DAY at all.

"We are not here to foresee how the market will evolve" is not good enough for an ICO that requires this much to get off the ground. You want to raise 20 million dollars. The token idea is unique and worth pursuing but given the limited amount of time it's worth anything in this implementation, this isn't the way to go about it. If I thought you were scamming on purpose I wouldn't bother making either of these posts, so take this as a sincere request - please go back to the drawing board for a little bit and look for a way to make this work for buyers.


Hi everyone. So, to put it simply, after 12 months, almost no new DAY tokens will be produced by any Mint, right? And After 24 months production of new tokens will be stopped totally. This will make Mint value go to zero, and total amount of DAY to be static in practice. Why not sharing a fixed amount with ICO  members from the beginning? Any advantage of this (much complicated) way you propose? Can't see anyone.
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Topic
Board Altcoin Discussion
Re: Beth ICO ( Beth.jp ) Another Scam in cryptoland
by
spartakkus
on 08/06/2017, 15:00:48 UTC
Hi,

SCAM confirmed. Just after transfering to them (luckily in my case little cash), couldn't access anymore to website. Reset password Email never comes (other users in twitter experiencing the same) and support email doesn't reply either.

A pitty that such individuals harm crypto world. Lesson learnt, more previous investigation next time.