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Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold
Bitcoin and cryptocurrencies are more liquid than gold. Them encouraging people to buy it creates more liquidity which in turns benefits all of us hodlers.
Gold is generally still prefered as it has stood the test of time, while cryptos are still nascent.
Gold is generally still prefered as it has stood the test of time, while cryptos are still nascent.
Blockchain development is way more difficult than other development activities out there, for a simple reason --- once deployed it is really hard to fix bugs (in some cases impossible). Hence do pay proper developers reasonable sums. I know everyone here wants to make money by deploying a token/new blockchain/fork but skimp on the cost to get a proper developer and auditing team. A DApp can take hundreds of hours to create (not a simple stack) as the amount of testing that needs to be done is really significant.
But did you know that 9 out of 10 users of the darknet still see BTC as the best cryptocurrency to use for buting and selling drugs?
9/10 of these are moving to Monero and fast. Bitcoin is no longer an option economically and also from a privacy standpoint.
Start of a new War - Will cryptocurrencies hedge against what is coming
I think cryptocurrency will play a huge role in monetary policy going forward.
https://www.dailystar.co.uk/news/world-news/683271/russia-supersonic-missiles-admiral-essen-black-sea-us-destroyers-carney-ross-news
https://sputniknews.com/middleeast/201802191061795362-lavrov-russia-syria-divide-us/
When countries go to war, they start printing more money to pay for the war which will eventually lead to hyperinflation. We are already seeing this happen, will cryptocurrencies hedge against a loss of value better than gold or silver?
https://www.dailystar.co.uk/news/world-news/683271/russia-supersonic-missiles-admiral-essen-black-sea-us-destroyers-carney-ross-news
https://sputniknews.com/middleeast/201802191061795362-lavrov-russia-syria-divide-us/
When countries go to war, they start printing more money to pay for the war which will eventually lead to hyperinflation. We are already seeing this happen, will cryptocurrencies hedge against a loss of value better than gold or silver?
My personal advice,
For ICO ---> use credit card where possible.Most credit card disputes allow you to dispute payment 120days-180 days after making the charge if the transaction is believed to be fraudulent
Another way is to invest in many potential ICOs with small amounts. Being a technical person I can tell you that most ICOs will never deliver.
Third way buy the token once it hits the exchanges, prices in most cases have always fallen once the token hits the exchanges, then buy in.
For ICO ---> use credit card where possible.Most credit card disputes allow you to dispute payment 120days-180 days after making the charge if the transaction is believed to be fraudulent
Another way is to invest in many potential ICOs with small amounts. Being a technical person I can tell you that most ICOs will never deliver.
Third way buy the token once it hits the exchanges, prices in most cases have always fallen once the token hits the exchanges, then buy in.
Google Authenticator is device specific - I believe if you lose your device, it will be a pain to convince sites that you own the account, plus there are no backups
Authy - an account based authentication and supports backups (has google authenticator built in if I am not mistaken) but if this company gets hacked (or Lastpass), hackers will have a field day
Authy - an account based authentication and supports backups (has google authenticator built in if I am not mistaken) but if this company gets hacked (or Lastpass), hackers will have a field day
Only Tether has so far moved the opposite direction in terms of bitcoin correlation, all other cryptocurrencies are basically pegged to the bitcoin market. So if bitcoin crashes, they all do.
Anyone having trouble login into Binance on Chrome Browsers? First noticed this problem on Wednesday....their main link https://www.binance.com does not work.
Re: Are Wall Street and other "experts" scared or lack basic understanding?
⭐ Merited by mprep (1)
1. Biggest patent holder in the US for blockchain technology - BankOfAmerica
2. JP Morgan/Goldman Sachs has cryptotrading subsidiaries
3. Whales control the market in crypto - yes, the are also market makers
4. Money is flowing out of Wall Street and into Mainstreet through crypto
5. Banks do not and cannot control money flow or crypto (this is their biggest concern and also their biggest loss of profit)
If you were a bank in charge of creating money, but now you are slowly losing the power to make money to crypto, wouldn't you say the same thing?
2. JP Morgan/Goldman Sachs has cryptotrading subsidiaries
3. Whales control the market in crypto - yes, the are also market makers
4. Money is flowing out of Wall Street and into Mainstreet through crypto
5. Banks do not and cannot control money flow or crypto (this is their biggest concern and also their biggest loss of profit)
If you were a bank in charge of creating money, but now you are slowly losing the power to make money to crypto, wouldn't you say the same thing?
In order to sell securities to the public in the USA, including some crypto assets, you either need to register your securities with the sec and issue a prospectus or you can only sell to accredited investors.
I have not looked at overstock or kodak but Id venture to say that since they are large companies they spent the $500k or so to register their securities
I have not looked at overstock or kodak but Id venture to say that since they are large companies they spent the $500k or so to register their securities
And what would be the process and requirements to the company and tokens?
Most of the ICOs try to classify themselves as utility tokens and seek exemption from SEC registration requirements. But SEC recently banned an ICO from Munchees, even though Munchees treated their token (MUN) as utility and not as security.
If your token is really a token (and not disguised as token instead of securities), you are exempt from SEC requirements.
What's the difference between tokens and securities?
It blows my mind that it costs $500K to file Reg D and Reg S. How is that possible? Is that attorney's fees? Or is that the ACTUAL costs of filing - like, collected by the SEC. I can't believe it's the latter. But I've seen that cost bandied about quite a lot, and someone I know who has a lot of experience mentioned it on a call the other day ... yet there was no time on the call for me to ask him. Anyway ... it really seems prohibitively expensive, although given the amounts raised, I suppose in the long term, it's reasonable, relatively speaking.
A large ICO can easily cost up to $500k to meet filing requirements, these include attorney fees, overhead, filing fees, personnel, marketing to investors, investor relations, KYC/AML software, in some cases reg with FINRA or other dependent agencies. The process is not something any small startups can undergo....the JOBS ACT was created to address this to allow startups to raise money more quickly. SEC filing fee is about $124.50 per $1,000,000 raised. Disclaimer I am not an expert but I had done some research on the viability of registering with the SEC.
Another thing to note is that most investors are not dumb. Tokens with no collateral, be it stock, options or dividend will not appeal to them, hence there usually is some structure to entice investors to invest -- it revolves around one word - PROFIT
I haven't seen any of the tokens distributed through SAFT mechanism on crypto exchanges, I might be wrong but I do know there is a requirement requiring investors to hold for at least 1-year, that could be the reason why. I dont think Kodak and Overstock have completed their ICO yet, Kodak just had a material release that their ICO is slightly delayed due to the due diligence process required to bring investors on board.
Thanks, that makes sense, with the prices of attorneys and marketing these days. For Filecoin, there was a pretty strict and lengthy vesting process. Here is a paper I found that seems to indicate that noone is going to see tokens for at least six months after the sale is concluded. https://coinlist.co/assets/index/filecoin_index/Filecoin-Sale-Economics-e3f703f8cd5f644aecd7ae3860ce932064ce014dd60de115d67ff1e9047ffa8e.pdf
I know some of the early investors in Filecoin werent happy and wanted their money back. Apparently they have to wait 5 years before they receive their tokens or something. I did not follow up on this and it could be rumours.....maybe someone knows what happened to Filecoin.
I don't think they can get their money back because they are not from the US, and with everything like this it will be a very long process.
Chances are a bulk of the money in Bitconnect is in cryptos, for any agency to get the money they will need to get the private keys of the wallet, if the assets are held in exchanges then the process will be slightly simpler but if they are in more harder to access exchanges then this is going to be very difficult. Consider your money burned if you invested in BitConnect.
Surprised AriseBank was not mentioned here. Apparently, this scam raised up to USD$600,000,000. Yea 600million dollars from 'Gullible' investors. I have no idea how this scam artists were able to pull this off so efficiently but they are there in the hall of fame together with the likes of Bernie Madoff , Ken Fitzsimmons etc.. People involved -Jared Rice Sr. and Stanley Ford.They apparently were going to buy 2 banks which did not exist, still how they raised $600million from 'accredited' investors who did not perform any form of due diligence beggars belief.
That is a lot of yatch and cuban cigars they could have brought
https://bitcoinmagazine.com/articles/sec-halts-arisebank-ico-calling-it-outright-scam/
That is a lot of yatch and cuban cigars they could have brought
https://bitcoinmagazine.com/articles/sec-halts-arisebank-ico-calling-it-outright-scam/
In order to sell securities to the public in the USA, including some crypto assets, you either need to register your securities with the sec and issue a prospectus or you can only sell to accredited investors.
I have not looked at overstock or kodak but Id venture to say that since they are large companies they spent the $500k or so to register their securities
I have not looked at overstock or kodak but Id venture to say that since they are large companies they spent the $500k or so to register their securities
And what would be the process and requirements to the company and tokens?
Most of the ICOs try to classify themselves as utility tokens and seek exemption from SEC registration requirements. But SEC recently banned an ICO from Munchees, even though Munchees treated their token (MUN) as utility and not as security.
If your token is really a token (and not disguised as token instead of securities), you are exempt from SEC requirements.
What's the difference between tokens and securities?
It blows my mind that it costs $500K to file Reg D and Reg S. How is that possible? Is that attorney's fees? Or is that the ACTUAL costs of filing - like, collected by the SEC. I can't believe it's the latter. But I've seen that cost bandied about quite a lot, and someone I know who has a lot of experience mentioned it on a call the other day ... yet there was no time on the call for me to ask him. Anyway ... it really seems prohibitively expensive, although given the amounts raised, I suppose in the long term, it's reasonable, relatively speaking.
A large ICO can easily cost up to $500k to meet filing requirements, these include attorney fees, overhead, filing fees, personnel, marketing to investors, investor relations, KYC/AML software, in some cases reg with FINRA or other dependent agencies. The process is not something any small startups can undergo....the JOBS ACT was created to address this to allow startups to raise money more quickly. SEC filing fee is about $124.50 per $1,000,000 raised. Disclaimer I am not an expert but I had done some research on the viability of registering with the SEC.
Another thing to note is that most investors are not dumb. Tokens with no collateral, be it stock, options or dividend will not appeal to them, hence there usually is some structure to entice investors to invest -- it revolves around one word - PROFIT
I haven't seen any of the tokens distributed through SAFT mechanism on crypto exchanges, I might be wrong but I do know there is a requirement requiring investors to hold for at least 1-year, that could be the reason why. I dont think Kodak and Overstock have completed their ICO yet, Kodak just had a material release that their ICO is slightly delayed due to the due diligence process required to bring investors on board.
Statistically, bonuses have never worked in increasing motivation.
Here is the logic behind it, once anyone has enough money to sustain their living comfortably....the extra money will just be a drop in the ocean to them. Bonuses are rarely a source of added motivation after this.
The best way to motivate employees is to give them work that matters.
Here is the logic behind it, once anyone has enough money to sustain their living comfortably....the extra money will just be a drop in the ocean to them. Bonuses are rarely a source of added motivation after this.
The best way to motivate employees is to give them work that matters.
I was a huge fan of Litecoin before the price went to the moon. If it fails just fork it for a Litecoin 2X
LTC is one of the few coins that can still be used as a medium and is constantly being developed and improved.
LTC is one of the few coins that can still be used as a medium and is constantly being developed and improved.