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Showing 20 of 44 results by spiritglove
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Board Announcements (Altcoins)
[EDN][ICO]Can EdenChain change the future?
by
spiritglove
on 31/07/2018, 20:44:40 UTC
The functionality of the token is utility-token.
Hardcap of project - $ 24 million
Institutional investors will receive up to 40% of tokens.
The cost of the token is 1 EDN = $ 0.06.
The introduction of bonus programs through the sale at the Pre-ICO stage, round A discounts up to 20%, in round B - up to 10-15%.

Ecosystem Edenchain is a programmable economic platform of the future, which will help to transform the values of the economy into a new image. Blokchain will allow to enter into and make the main trading values of the world work. It is recognized that Edenchain will have a more complex and difficult concept of using technological details in comparison with Ethereum. Some compare the task set by the seo-developers of the Edenchain ecosystem as a fight against windmills, since the EdenChain project sets itself the solution of complex and voluminous tasks, even those that don’t have Ethereum.
Not concentrating on what-that one industry or services, platform will allow work in all segments market and perform any role, which only may will realize. Undoubtedly, new blockchain - this colossal market, millions users and large finance. However, on this market there is row major players, which already have proven itself.
EdenChain competes directly with Ethereum and EOS for the next generation of smart contract technologies, and also offers HelloEden, an ICO launch platform targeting the South Korean market.
Platform Edenchain based on exclusive blockchain. This technology allows any user become party network. For participation in network required permission administrator network, which should pass process authentication.

Platform Edenchain includes three layer:
1) distributed registry;
2) execution layer and validation;
3) Connecting layer.
 
A distributed registry is a decentralized database and isolated storage locations for transactions that are processed on the blockchain network.
The execution and validation layer performs processing, verification and execution of transactions and smart contracts. This layer forms a trusted execution environment that protects the system from hacker attacks. Includes EVM for performing smart contracts. The validation layer provides a function for performing transactions on a schedule, which determines which transaction is to be executed.
The presence of this function has a significant impact on the speed and scalability of the EdenChain platform. To execute smart contracts written in the language of Solidity, EVM is provided from the Etherium.

The bonding (bridge) layer consists of:
· On-chain module for interworking with smart contracts;
· Off-chain module for interworking with an external system;
· Modules for interworking and networking between on-chain and off-chain modules.

The link layer is used to securely import the data required by on-chain smart contracts within the blockchain in conjunction with off-chain smart contracts. In this layer, the on-chain and off-chain nodus naturally exist.
The E-Protocol, which applies ECC-TC cryptography techniques and techniques, is used to provide a reliable communication channel between these nodus. The presence of a binding layer distinguishes the EdenChain platform from other blockchain networks. The link layer ensures a reliable communication channel with zero knowledge disclosure between on-chain and off-chain transactions.

Command

James Ahn is the chief executive officer and founder. He graduated from the Korean University and KAIST. He served as director of technology for the Japanese company CyberRenassance Inc. A person who will help EdenChain to reach heights.

Jenny Ryoo is a co-founder, a developer of blockchain technology. He has 10 years of experience in the field of IT-technologies.

Hokyun Kim is a developer of blockchain technology. The first in the world has developed Saw & PinckandPlace. He also developed systems for signal detection, decoding and signal processing algorithms.

Brian Park is a developer of blockchain technology. Has 15 years of experience in the field of information technology.

Kangho Kim - Director for Strategic Development. 10 years of experience in financial markets. He worked in the banks of Goldman Sachs and Barclays.

Richard Jahnke is the head of business development in the USA (San Francisco) and Europe. Venture investor from the Silicon Valley. 16 years of experience in investment management, research and transactions in high technology.

Partnerships and support

There are no big partners. Among the partners are 10 companies, some of whom plan to use the platform in the future - all companies are mostly Korean. Among them, a number of leading companies of South Korea showed interest in the EdenChain platform. So, the development was interested in: the corporation YT Corp (B2B sector); MyCreditChain, which is an affiliated subdivision of the top Finnish company of the South Korean company (Crookedland sector); company M & K (sector of marketing and PR management).

HYIP and the community

Telegrams, twitter, very few for such an ambitious project.
Activity in social networks is average. Evaluation of the society from the project is rather positive. There are a number of questions to the project. In particular, a small team for such ambitions and scale, the lack of agreements with eminent partners and there is no working version of the product. However, all this is fixable. The alpha version is promised to be shown in May, the team can always be expanded, and partners can be found.

About the token

The type of the token according to the technological standard is initially an ERC20 token that will be exchanged for its own EDN token during the launch of the main network in Q1 2019.

As you know, Ethereum aims to develop block applications such as dApps, and the introduction of smartest smart contracts, and the crypto-active architecture Ethereum with added "gas" helps to solve the tasks for newly born projects. Based on this, new tokens are issued.
The main unresolved problem is the slowness of the transaction confirmation process. Even powerful Ethereum computer systems can’t speed up transaction confirmation because there is no formation of a complete dApp block, which takes time. That is, the reason for delaying the formation of the block does not give full development for the new cryptoproject.
The second problem. This is the operative work of oracles for smart contracts. However much we like, sometimes there are certain technical difficulties in the transformation and modification of existing information, which ultimately distorts the original task.
Solve the problem of Ethereum will help the ecosystem EdenChain, which offers the creation of a programmable economy. The platform of the crypto site will be acceptable for those. Who works in the B2B, B2C, C2C sales segments, as well as for those who have focused their activities in the sphere of service delivery, including through ICO projects, in B2B commerce, as well as in the P2P finance segment.

The main goals of the project are:
• Solving issues with low performance of operations, that is, increasing the bandwidth and speed of transactions.
• Addressing security issues, this problem is especially acute in the off-cheating segment.
To meet these challenges, the EdenChain ecosystem plans to implement new standards that will help all network users speed up the execution and passage of transactions by upgrading a number of services.

The main advantages of EdenChain

1. Increase bandwidth, transaction speed and increase scalability. Implementing the Markle tree and the namespace workflow (NameSpace), you can increase the speed of the transaction - up to 1 thousand transactions per second.
2. High level of protection. Implementing the own development of the blockchain permissioned blockchain the decentralized processing of transactions is carried out by the list.
3. Security guarantees for off-chain and on-chain interaction. The introduction of the E-bridge layer cloud, as well as the upgraded E-Oracle technology, will create a secure shell for communicating with the external environment. The E-bridge cloud layer will be used to interact with the external environment, where the MVT theorem will be used to process the data to provide a medium-sized voter presence to select the appropriate smart contract.

EDENCHAIN has a good future, it is a strong team, experienced professionals and a strong competitor to many platforms.

Post
Topic
Board Announcements (Altcoins)
[EDEN][ICO] Is there a future for the EdenChain platform?
by
spiritglove
on 29/04/2018, 18:35:08 UTC
EdenChain is a South Korean project on blockchain technology for implementing a programmable economy. A programmable economy is a young concept that indicates the future economic order. This is an intellectual economic system that supports production, managing the use of services and goods, even in expanded versions of the exchange of values - both monetary and non-monetary.
In fact, this project is a large digital trading platform with the help of which it will be possible to capitalize any material and non-material resources. Based on smart contracts, these values will be converted into EDN tokens.
The new economic system will significantly reduce commission costs, ensure an honest and clear division of profits and, most importantly, form a new market.
 In the fourth quarter of 2018, they organize a kind of marketplace, where tokens can be converted, and they will release a mobile wallet. Also this month on GitHub should place the source code of the product.

The project team.
James Ahn is the founder, CEO. James has behind him twenty years of experience in the field of IT. He served as director of technology at the Japanese company CyberRenassance Inc., worked in the field of consulting, helping Korean IT-agencies. He is the author of four books on machine learning and finance. Teaches students at the university.
Jenny Ryoo is a co-founder, developer of blocking technology. Jenny worked for ten years in the field of smart networks, analytics and processing of Big Data and statistical analysis.
Among consultants there are two notable faces. This is Don Chang and Joongheon Kim - both have a Ph.D. The first worked in Oracle and VISA. Advises developers on issues related to blockchain and Big Data. The second acts as an adviser in matters relating to platforms for in-depth training and smart networks.

Key points.
EdenChain is based on the so-called exclusive blockchain. Exclusive blockchain is a technology in which the identities of all subjects of the chain are verified and installed, access to the processing of transactions is only with them. The rights to read data are similarly limited in most cases, although some rights may extend beyond the scope of operators.
Hence, one of the strongest aspects of the project is security.

EdenCnain is a so-called blockchain with the need for authorization. It is necessary to access the network in order to use its services. When you connect to the network, you will need to go through the authorization phase. What authorization will look like is not yet known.
Another strength of the project is the declared high performance. In general, performance is the weak point of almost any project based on the blockchain. Here is the number of transactions per second that the platform is capable of delivering:
Bitcoin: 7 TX / sec
Ethereum: 13 TX / sec
Visa: 8000 TX / sec
Facebook: 157,000 TX / sec
As we see, classical instruments, such as VISA, issue thousands of transactions, while Bitcoin and Ethereum can't issue more than 15.
EdenChain seems to have found a way out and were able to come up with a technology that will significantly increase productivity. The technology is called the "namespace". The essence of this is: transactions, being formed, are automatically determined to one of the namespace blocks; this structure allows you to perform operations in parallel, at different levels, that is, at each level, the same transactions are performed and such levels can be as much as the network performance can afford. The more miners - the more such units will be present.

And finally, the third feature is really low commission fees. Smart contracts will work directly with low commissions.
Half of all the funds received will be used to develop the technological component of the project.
In conclusion, I want to say that the future of the EdenChain platform is very good.
At the moment, developers have a lot of big partners who also invest in business. Thus, the total capitalization may amount to $ 60 million, although this is not at all much, for the new blockchain technology.
Post
Topic
Board Bounties (Altcoins)
[BOUNTY][EDEN] Is it worth it to participate in bounty EdenChain?
by
spiritglove
on 29/04/2018, 17:48:37 UTC
EdenChain competes directly with Ethereum and EOS for the next generation of smart contract technology, and also offers HelloEden, an ICO launch platform focused on the South Korean market.
Curiously, EdenChain distributes 50% of the funds to its technological platform. This shows the company's big plans for technology development.
EdenChain has three important attributes:
1) Secure interoperability: provides secure interoperability between services on the chain and off-line.
2) High performance: parallel execution; High speed is based on a parallel transaction process.
3) Transaction Fee: Affordable and reasonable cost of contract processing.
PROS:
1. Strong team
2. Using EDN. EDN will be used to pay for transactions over the network, as well as for risk management. Developers will need to use a token to use the blockchain and manage their service.
3. EdenChain can handle a large number of transactions at high speed compared to other platforms. It does this by dividing the spaces and performing transactions in parallel.
4. They already have many strong partners, and judging by their road map, they plan to continue partnerships during 2018 and 2019. In the business environment and blockchain projects - this is a very important point.
5. Bearing in mind that EdenChain also offers an exclusive blockchain (permissioned blockchain), this has a higher chance of implementation in real organizations, compared to public blockchain projects.
6. Technical information (whitepaper) is very detailed and very well explains the architecture, security and technology.

These factors can greatly affect the development of the token EDEN, the company has a great future and this will be one of the grandiose coups in the field of blockchain.
To participate in the bounty you need to join the group in Telegram
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Topic
Board Announcements (Altcoins)
Re: [ANN] [VLR TOKEN] | VALOREM FOUNDATION | NICHE E-COMMERCE PLATFORM FOR THE 99%
by
spiritglove
on 02/12/2017, 12:18:40 UTC
what investors do you have on board, can you reveal more details?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VLR TOKEN] | VALOREM FOUNDATION | NICHE E-COMMERCE PLATFORM FOR THE 99%
by
spiritglove
on 23/11/2017, 11:11:10 UTC
how do I invest in this ico?
 Wink Smiley
Post
Topic
Board Bitcoin Discussion
Re: What if, we advertise bitcoin on T.V.?
by
spiritglove
on 20/11/2017, 06:26:40 UTC
The only company that would benefit from a TV advertisement is that company who can afford it AND integrate or create a POS system that would allow the common merchant, like you mom and pop shops, gas stations etc... to SECURELY and quickly accept Bitcoin.
 There is a downside, and that is it opens the merchants t o gate fees.  The Bitcoin POS would have to hve a gate fee that is  less expensive than the current Debit/ Credit cards offer. Not to mention purchasing "MONEY" that can be sold for more money or goods is a plus.

 A consultation company whos sole function is to get a business POS or similar system up and running so a merchant can remain free of Gate Fees, and manage the stores money independently, SHOULD how the future or retailing and wholesaling should go, I mean it is a no brainer. Cut yourself from the corporations, manage your money independently, and collect a volatile currency that you can increase your holdings with. You can't use any fiat currency system for investment purposes, but you can with  cryptocurrecy .

Once the Mom and Pop shops are educated and suitted for the Crptocurrency future, all crypto currecies will rise in value

 Educating these merchants,  is of primary importance, the company that can offer those services CONSULTATION TOWARD INDEPENDENT PERSONAL ECONOMIC
 
 OR

POS SYSTEM INTEGRATION AND/OR INVESTMENT MANAGEMENT  w/ Lowest competitive Gate Fee


 Would do well advertising their services with BITCOIN on TV
Post
Topic
Board Trading Discussion
CampBX may be leaving cryptocurrency Whipping a dead horse
by
spiritglove
on 10/11/2017, 12:36:42 UTC
I know the CampBX team is a well known Rip off exchange with only a virtual existence and no REAL offices. I received a notice from them today I would love to share with everyone, for a good laugh.
 The email reads as follows :

Subject:    IMPORTANT: CampBX Account Wind-down Notice    

Date:    Friday, 13 Oct 2017 21:43
From:    "CampBX Notification" <Notifications@CampBX.com>
Apparently from:    pm_bounces@pm.mtasv.net   (Ever see an apparently from before Huh )
To:    XXXXXXX@safe-mail.net
 
-->
Following is the text part of the message:  (Show HTML Message)

    with has invited you to use [Product Name] to collaborate with them.

    [Product Name] ( https://example.com )

    *************
    Hi, Bitcoiner!
    *************

     with has invited you to use [Product Name] to collaborate with them. Use the button below to set up your account and get started:

    Set up account ( )

    If you have any questions for , you can reply to this email and it will go right to them. Alternatively, feel free to contact our customer success team ( ) anytime. (We're lightning quick at replying.) We also offer live chat ( ) during business hours.

    Welcome aboard,
    The [Product Name] Team

    P.S. Need help getting started? Check out our help documentation ( ).

    If you’re having trouble with the button above, copy and paste the URL below into your web browser.



    © 2017 [Product Name]. All rights reserved.

    [Company Name, LLC]

    1234 Street Rd.

    Suite 1234


 I deposited $248 USD 2.5 years ago with CampBX when I was still using them. They locked the account without notice. I registered with their customer service program Kayako and provided the information they requested. The money remained locked. The value of that deposit has grow to almost $9000USD (1.2BTC) So I decided to start filing complaints, and registering again.

I have tried to file a ticket with their customer service Kayako and the web page is designed to frustrate the account holder with a error message that demands all "REQUIRED" fields of the form be filled out. Well you can fill the fields up, and you still get the error message. Clearly a move that allows them to say they never received anything from the account holder
 Well that little sum has grown into almost $9,000 USD and they are trying to scare me with a notice stating "CampBX Team is the proud recipient of FinCEN Law Enforcement Award this year!"  

 I am guessing that this notice is meant to scare wrongdoers off from trying to get their coin from CampBX. Well that is not me and the CampBX team, Briyam and KEYUR MITHAWALA of 23109 Deer Trail, Alpharetta, GA 30004, are now showing a new address on their web page  ( C/O Bulbul Investments LLC 2300 Holcomb Bridge Rd. Ste 103 Unit 291 Roswell, GA 30076 ) while the corporate information on file with the state of Georgia still gives the address of 13010 MORRIS RD., BLDG 1, SUITE 600, Alpharetta, GA, 30004, USA  510-545-3987. Like a shell game guess what address they are really at, OK.

 I am a para-legal and I have sent them express letters through FedEx to each of their addresses so we will find out which shell they are actually under, sent out today, if they are actually at one of the addresses.

I will chime back in with the result of my FedEx fishing expedition, I thought everyone on Bitcointalk would enjoy a last laugh at this Dead Horse of an exchange.

  
Post
Topic
Board Bitcoin Discussion
Re: India may ban bitcoin in 2018
by
spiritglove
on 10/11/2017, 12:02:50 UTC
Ha, Ha, HA that is a funny one HOW do they propose to Ban Bitcoin. It has no "PHYSICAL" existence It will be impossible for them to ban Bitcoin. Sniff it out with dogs, lol  JOKE even if they do pass some sort of legislation it WILL NOT WORK. New York State has tried to ban Bitcoin, LOL that is another failing political policy from the Tyrants in the "NANNY STATE" Can't do it LOL Good Luck. LOL
Post
Topic
Board Service Discussion (Altcoins)
Topic OP
Dice Wallet Comprehensive crytocurrencie wallet
by
spiritglove
on 18/06/2017, 04:31:51 UTC
Doea anyone have any experience with DICE WALLET  www.dicewallet. C O M OR is there any GOOD comprehensive wallets that hold all coin types that are any good??
Post
Topic
Board Project Development
Re: [coinb.in] Open Source, Multi Signature, HD Wallet and more!
by
spiritglove
on 03/02/2017, 15:35:13 UTC
Coinb.in Features Include .001 BTC being taken when ever the algorithm or software writer feels like grabbing some coin.
 AND Expensive transfer fees .0011 minimum. Which gets U a minimum 72 hours of waiting time after u have broadcast your coin.
  Paying a higher transfer fee does NOT move the coin any faster.
 
 I WILL NOT BE USING THIS JUNK WALLET ANY LONGER. I THOUGHT OTHERS SHOULD BE WARNED TO AVOID IT AS WELL

 It may have started as a good idea, but it no longer is a good idea. It is a good way to lose your investment to poor timing and mismanaged coin disbursements
Post
Topic
Board Electrum
Re: Electrum sends coin to wrong address
by
spiritglove
on 06/01/2017, 21:25:43 UTC
More like a 2 year gap, this happened in the fall of 2014. Trezor, ok new to me I will check it out. I never had problems sending small amounts, it was the large amount that got snatched.
 I hoped that there might have been some fix in a software glitch that would have brought my coin back. I can still access the wallet. Check the GPG OK, how do I do that? The old wallet seems to work with the recent updates, and newer versions of Electrum.

Post
Topic
Board Trading Discussion
Re: Market Panic can drive BTC prices Lower
by
spiritglove
on 06/01/2017, 20:29:05 UTC
I have made most of my money on the fear of others. It really is my main strategy. Buy when there is "blood in the streets", sell when everyone is celebrating a rally.  Wink

http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

Well if things have gotten that bad, an apocalyptic scenario is one where the Internet may not even be a functioning network any longer. On the other hand "IF" shit gets so bad, like you say then markets will collapse and coin value might plummet into the ground.  IT would be easy to hide, and hard to steal.


Here is some ammunition for your sales Pitch  in 2036 there is the likelihood that the earth could get hit by an asteroid that we share a path around the Sun with. The Asteroid Apophis crosses the Earths path twice a year, and comes close to the Earth every 6 years. It is expected to pass safely "JUST UNDER OUR ORBITING SATELLITES " in 2029 and the NASA near Earth Object Program has not calculated the possibility of impact, for 2036. They said it was calculated to be a safe pass in January 2013, then 3 months later recanted and said "WE DON"T KNOW"

 Recovery if any, is harder to calculate.
Post
Topic
Board Trading Discussion
Re: Market Panic can drive BTC prices Lower
by
spiritglove
on 06/01/2017, 20:24:50 UTC
Dude you are so right, if your a Bitcoin investor, then you should be trading and repurchasing and re-trading all of the time. It is the only way to profit in spite of price drops. You protect your investment by selling and re-buying, This way you continue to garner a profit, increase the value of your long term investment. The price drops don't mean much if your constantly rotating. your coin.

If you want to buy and just sit on the coin, you will have to be very patient, expect to wait around 2 years before it is really worth selling off. Buy and sell buy and sell that is how you win in this game.
Post
Topic
Board Trading Discussion
Topic OP
Market Panic can drive BTC prices Lower
by
spiritglove
on 06/01/2017, 19:53:23 UTC
I know we are currently seeing the fall of  coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie  pants together  during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops.
 Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing,

 Don't panic there is a way to recover the loss

 You can sell your coin at 5% over Spot, take that money and repurchase coin at 5% under spot and resell. This way you do not lose your profit, you continue to accumulate coin and increase your holdings without purchasing more coin.

Because Bitcoin will continue to move upward in spite of a few downward spikes, you can't lose.

Try to convert business to accepting coin, inform them of BTC virtues, Security ( from Robbery ), Customers pay BTC fees, Goodbye to Credit, debit and Paypal fees for businesses, and it is quicker and easier than using plastic. Most important, this money will actually increase in value if saved, and can be used to generate even more income through the sale of the currency. You can't do that with American Dollars.

Look at these recent events

Japan accepts Bitcoin as legal tender

https://www.cryptocoinsnews.com/bitcoin-accepted-japanese-users-can-soon-pay-utility-bills/

Uganda First African Nation to Accept Bitcoin as Legal Tender

http://afkinsider.com/135498/uganda-become-first-african-nation-adopt-bitcoin-regulations/



Post
Topic
Board Trading Discussion
Re: How you can Increase the value of Bitcoin
by
spiritglove
on 06/01/2017, 19:13:25 UTC
Yes, however many are citing the recent caution by the Central Bank of China is participating  with the drop on some level. I did expect a drop after the holidays. I have been active with sellers, especially clear net sellers. I ask them if they take BTC if I want to make a purchase. I begin there. It generates interest, it is a short sale, but educating sellers about the system and how to safely use it is quite a mouthful but they listen, WHY? Because all of the sellers hate the Credit/debit card gate fees. They are expensive, and unlike the American dollar the value of BTC will rise with inflation instead of becoming devalued like the American dollar or any other currency for that matter.

Post
Topic
Board Electrum
Re: Electrum sends coin to wrong address
by
spiritglove
on 06/01/2017, 17:06:07 UTC
Where did I download the distribution. I don't remember but I wouldn't have used anything other than the actual electrum web page or if I used a third party it would have been a reputable third party, like Cnet. I was using Windows, at the time, I am using Unbuntu now. The Coin never showed in any of my wallets. I was at a public Wifi spot. Is there an android App that you can use to access a windows computer with?
 
Post
Topic
Board Trading Discussion
Topic OP
How you can Increase the value of Bitcoin
by
spiritglove
on 06/01/2017, 16:33:37 UTC
So The Central Bank of China shit talks Bitcoin and the price drops. I think that is BS, but we can fight fire with fire.

 I would urge every forum member to take the time and explain to a business owner the obvious benefit of accepting bitcoin.
 I mean communication is what is taking the price down a BS Bitcoin Polemic from the East. Well we can use the Internet and especially or daily purchases to make a positive impact on Bitcoin.

A Government that adopts bitcoin as currency, is saving it's self hundreds for millions of dollars in coining and engraving costs. For business, a virtual currency that has no "gate fee's" associated with the vendor receipt of funds.  Instead you have the consumer paying for the use of the virtual system at the time of receipt of the Bitcoin. Not to mention that a convenience store that accepts Bitcoin, will not be a target for robbers any longer. How could the businesses of the world over look the obvious value of Bitcoin. Lastly, unlike the dollar Bitcoin is volatile, it has  great potential to go up and down making it an investment vehicle. Something the US Dollar would never be good for.
  I grant you that Bitcoin does have the ability to make significant drops. However it's history shows a steady and continued pattern upwards. As more countries and businesses accept Bitcoin, the more it's value will grow, in spite of periodic sharp drops.

So, get out there and make some noise of our own. It cost nothing, just take a few minutes of free time. We can effect the market, BUT, it will take all of us to make that change and to prevail against more powerful voices.  Remember, your not selling anything to the business your pitching Bitcoin to, that should be enough to get you heard. Then they are going to want to know about exchange safe storage, etc... So your may be finding that you become a consultant, helping business integrate BTC in their local economy. A Grass Roots effort, will prevail.
Post
Topic
Board Speculation
Re: Prepare for another year or two of dramatic decline.
by
spiritglove
on 06/01/2017, 16:17:18 UTC
We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.


That drop happened for a reason, China banned t he Virtual currency. That is not the case this time. In fact Bitcoin is become accepted more and more as currency by the worlds nations, as that trend grows, so will the value of Bitcoin.

Bitcoin or other virtual means of exchange will become more prolific. It is really a no brainer. A Government that adopts bitcoin as currency, is saving it's self hundreds for millions of dollars in coining and engraving costs. For business, a virtual currency that has no "gate fee's" associated with the vendor receipt of funds.  Instead you have the consumer paying for the use of the virtual system at the time of receipt of the Bitcoin. Not to mention that a convenience store that accepts Bitcoin, will not be a target for robbers any longer. How could the businesses of the world over look the obvious value of Bitcoin. Lastly, unlike the dollar Bitcoin is volatile, it has  great potential to go up and down making it an investment vehicle. Something the US Dollar would never be good for.
  I grant you that Bitcoin does have the ability to make significant drops. However it's history shows a steady and continued pattern upwards. As more countries and businesses accept Bitcoin, the more it's value will grow, in spite of periodic sharp drops.  

 It would be a better Idea to take the time to point out the benefits about bitcoin to Business and government than to cry out a new Thread of pessimism because Bitcoin fell a little after the Holiday splurge. It should have been expected. Markets go up for the holidays and come down a bit afterward .
Post
Topic
Board Economics
Re: The Big Rip of Bitcoin
by
spiritglove
on 06/01/2017, 16:04:59 UTC
The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called Big Crunch) or explode into nothingness (so-called Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime...

So how likely is this, and what is your understanding of how things might unfold in this regard?

OK, Challenge accepted

It is no longer an argument the Universe is actually expanding faster and faster. As long as human consciousness does the same so will our progress in the material world. That includes Bitcoin or other virtual means of exchange will become more prolific. It is really a no brainer. A Government that adopts bitcoin as currency, is saving it's self hundreds for millions of dollars in coining and engraving costs. For business, a virtual currency that has no "gate fee's" associated with the vendor receipt of funds.  Instead you have the consumer paying for the use of the virtual system at the time of receipt of the Bitcoin. Not to mention that a convenience store that accepts Bitcoin, will not be a target for robbers any longer. How could the businesses of the world over look the obvious value of Bitcoin. Lastly, unlike the dollar Bitcoin is volatile, it has  great potential to go up and down making it an investment vehicle. Something the US Dollar would never be good for.
  I grant you that Bitcoin does have the ability to make significant drops. However it's history shows a steady and continued pattern upwards. As more countries and businesses accept Bitcoin, the more it's value will grow, in spite of periodic sharp drops.  
Post
Topic
Board Currency exchange
Topic OP
Cheapest Serve to Serve Bitcoin on Localbitcoins
by
spiritglove
on 21/12/2016, 20:33:04 UTC