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Showing 20 of 79 results by truethat
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Board Announcements (Altcoins)
Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin
by
truethat
on 23/05/2019, 21:31:35 UTC
It still feels like a bear market to me.  BTC jumps and everyone suddenly has all this great news and adoption is just as around the corner, etc.  I don't see it.  Maybe the bear market is over for bTC.  I don't know.  But looks bearish to me still.  Crypto isn't being adopted yet.  I don't know if people understand this, but in the US you have to report every and all transactions, exchanges, between every and all crypto asset, crypto to crypto, crypto to fiat.  its all taxable.  So it can't be used for commerce without a change in federal law.  You can't have btc on a prepaid card and buy a sandwich without then paying capital gains tax on top of sales tax.  And if you were thinking about buying a sandwich with btc, then you're looking at the current exchange rate, timing it, etc.  its impractical.

for xsn, i was surprized it got zero action on abcc exchange.  its been doing ok on livecoin.  on abcc, nothing.  its weird.  its not alone though, Cardano's btc pairing is doing nothing as well on there. there are quite a few coins trading at zero there.  Maybe its just too early still for the next real wave of investment.  because the next wave of new innovation isn't really here yet.  BTC is about the same as two years ago.  It can't scale.  Ethereum's still pow and can't scale.  DEXs aren't popular yet or even around really.  I think the xsn team are correct to wait to release.  doesn't feel like the time.  lightening isn't really functional yet.  The "cloud" was a let down last year.  return of the posw staking wallet has something like three coins on it now. 

I'm waiting to see what btc does next.  it looks like its going down.  who knows. 
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Board Announcements (Altcoins)
Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin
by
truethat
on 22/05/2019, 18:31:53 UTC
xsn is trading at zero on ABCC.  That's the fact.
i've looked at Coinall and i don't see much buying there.  It looks like there's almost no action at all, and i compared it with Eth for example and i can see that Eth does have action.  Which explains to me why CMC doesn't count the volume from CoinAll.  It looks like bullshit. 
The only exchange i see doing any real trading for xsn is Livecoin. 
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Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin
by
truethat
on 22/05/2019, 16:33:16 UTC
and also, Coinall doesn't look right.  So it appears the only exchange is Livecoin. 
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Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin
by
truethat
on 22/05/2019, 16:29:49 UTC
why do you think there's zero volume on ABCC exchange?  if that continues they will also delist.
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Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin
by
truethat
on 22/05/2019, 15:11:08 UTC
Why was xsn delisted? 
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Board Announcements (Altcoins)
Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin
by
truethat
on 21/05/2019, 18:29:01 UTC
Was xsn delisted from Sistemkoin?
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Board Announcements (Altcoins)
Re: [ANN]AMBROSUS: Trusted Quality of Food & Medicine - Blockchain Meets IoT
by
truethat
on 30/06/2018, 17:59:27 UTC
someone with a lot of tokens is manipulating the amb price this week.  For whatever reason.  Its nice in the short term, but if they can make it go up they can also make it go down.  its not the kind of value you want. 
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Re: [ANN]AMBROSUS: Trusted Quality of Food & Medicine - Blockchain Meets IoT
by
truethat
on 30/06/2018, 17:39:59 UTC
The price has been artificially raised (manipulated) on Binance for days now, with a dodgy buy wall as well.  And it also looks like the volume is phony. Which Binance is under investigation for already with other coins.  Someone or some group are controlling the price now.  And i know i'm not the only one who sees it. 
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Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 22/06/2018, 11:03:45 UTC
There seem to be a number of people with very large nlc2 holdings that dump again and again.  the whole graph of this coin's price is these very jagged pump and dump patterns, one after another.  Which i think explains its volatility.  a year ago this coin was not even half a penny.  So you could buy a million coins for $500. 
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Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 21/06/2018, 05:28:43 UTC
The volatility is problematic.  I suppose someone buying into nlc then back out into usd doesn't make sense.  because why be in nlc at all in that case.  this is an experiment really.  And i can't guess the outcome.  nlc will have to establish itself as a gambling currency.  where people don't care about volatility because they'll just hold it.  i suppose society itself will have to be using crypto so much that its familiar with riding out the dips and has other coins already, and experience.  The crypto market has significant bear times and bullish times.  its been mr toads wild ride for ten years.  there's never been a time where things were stable.  i've been watching even ethereum going up and down like a row boat in a typhoon. 
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Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 20/06/2018, 12:26:05 UTC
The nlc2 is sort of presented to someone gambling online as a poker chip, or something even pegged to their fiat.  they just buy it and play games.  That's half of it.  Its more like, for example, trading into the Japanese Yen or something from the dollar, gambling, then going back into the dollar.  Nlc2 is a globally-traded currency that will fluctuate, and those fluctuations will most of the time be totally unrelated to gaming.  they have to do with market psychology.  So there can be benefits but also risk and downsides to this for a gamer.  Especially if they're a total newb to commodities, cryptos, etc.  There will be cases where people win money but because of the market they lose money.  Depending how long they were exposed to the market.  And there will be cases where people lose money, but still make money because of those same forces.  

So perhaps the websites need to be a bit more sophisticated, where they include for the user what the price was when they logged on and where the price is at the moment, on the screen for them to clearly see.   People have been gambling with bitcoin for years already.  So this isn't that shocking to have a floating currency with gambling.  But its definitely an element of risk thrown in on top of the risk of losing in a game.  Because crypto-currencies are still very new companies like yours are, like it or not, pioneering.  In America, for example, i really doubt most people have been international currency traders before.  Or that they all understand market exposure like a day-trader would.  

I definately think this project will be successful.  This is a spot i haven't really seen addressed in it so far, though.  Because everything people eat, drink, live in, where, is pegged to fiat money, They'll always need to go back to that.  Having a debit card is a convenience, but it masks the trading between currencies really going on.  Nlc2 will never be, for example, as stable to the dollar as the Yen even.  It will be much wilder for the foreseeable future.  hopefully trending up.  But with lots of downs as well, and nobody knows when those will happen.  

so the gambler is much safer getting in and getting out in under a day or a few days.  
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Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 20/06/2018, 05:53:25 UTC
And on the cryptofantasysports site, as well as the poker site, you should make it very clear to players buying in that this is a currency so its subject to fluctuation, so they clearly understand that holding it is exposing them to market volatility.  most of these people have probably never traded between currencies even.  they don't have experience with this.  so they have to be educated a bit.  so they understand that if they want to avoid exposure they should minimize their time holding.  You have to explain this to them and make it easy to get in and out, so they can decide what they want to do.  and make it cheap to do.  otherwise this one little detail could, and i'm serious, affect your business.
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Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 20/06/2018, 05:35:42 UTC
I don't even think having the nlc2 debit card will be a great idea.  Because its just keeping people exposed to the market.  And what they want is to minimize exposure.  So they buy nlc2 with their fiat cc.  they play for an hour, a day, maybe a week, but as it stretches out they get exposed to the market and can lose money.  So they'll want to then put it right back into fiat on their cc.  make that as cheap as possible for them to do.

that's the way.
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Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 20/06/2018, 05:30:22 UTC
I would suggest not having high fees for nlc2 purchases or cash-ins to fiat on the sites.  Because that just looks like a hidden rake fee.  Just keep the price pegged to what its trading in the exchanges.  Don't punish your customers that want to gamble.  make it very cheap and easy for them to buy with fiat, then sell back to fiat on the cc for example.  So they can play games and get out.  Daily Fantasy Sports is fine for crypto because its very little market exposure.  Or poker.  No problemo.  But fees like 10%, or whatever fees above what an exchange would charge are just penalties.  I really think the people who want to gamble won't be the people speculating on the exchanges.  its two separate worlds.  So long as you are charging the prices determined by the exchanges its fine.  But using that to make money is a no no.  its a hidden rake fee.  lets be honest.

keeping the coins transferring within the sites is fine.  having less trading on the exchanges will help the value.  just like staking.  But people staking won't be the people gambling.  i thought maybe they would be the same people, but i don't think so. 

just make it really simple, cheap, and easy for people to use their cc on the sites to buy nlc2, play for an hour or a day, then get it back to their cc. 

for longer tournaments i don't even think nlc2 will make sense.  Because its too much market exposure.  there will always be fluctuaions in value when you trade commodities.  even going from the Euro to the Dollar is a pain sometimes.  People don't want to deal with this if they're just trying to gamble.  Imagine poker chips in a casino if they were, for example, pegged to DASH.  for a day, maybe a week at most, it might be ok, but after that it wouldn't make sense because its too much market exposure. 

get rid of the high fees, guys.  its just a hidden rake from a practical point of view. 

nlc2 is a great coin.  but the crypto speculators and gamblers are different people. 

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Re: [ANN] InterZone. Renewed Development and listing | c11 PoW | Masternodes | Votin
by
truethat
on 16/06/2018, 09:19:12 UTC
It would be interesting to see the mastodon.social idea layed out.  And any other ideas layed out.  And compare.  Then vote. 
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Re: [ANN] InterZone. Renewed Development and listing | c11 PoW | Masternodes | Votin
by
truethat
on 16/06/2018, 08:58:25 UTC
You could ask why not sell other things as well as books, or just other things that are digital.  You could.  But 1. you might be blunting your sword because its too general and turns people off because it doesn't stand out.  2.  it even more marketing, since these are all their own worlds, separate from each other.  With books there are more people then ever writing them while the markets to sell them in haven't really made any great leaps forward in favor of authors.  I would be networking and advertising in literary circles.  which are different from where other circles, like games or music.  I can present something targeted to one interest which all by itself is an enormous market.  later on more things could be introduced, with more people working on this and a name already.  my personal interest is here.  doesn't mean focusing somewhere else is better or worse.  just that i feel this particular market needs attention, and its where the big ideas are:  in books.  Being a literate society is important.  we've drifted into a more visual society. 
Music and games are nice.  But they don't change people's thinking.  or force people to think for themselves the way whole books can sometimes do. 

of the ideas i've had or heard, publishing or some kind of mastodon twitter thing (if it incorporates the token properly), seem the most promising.  But mastodon has never made any sense to me.  And i'm not sure anyone can compete with twitter.  maybe though.  I've laid out my own idea for publishing very. 

whatever direction we go it will be limited by our technical skills and capital.  the two hard realities of 21st century life. 
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Re: [ANN] InterZone. Renewed Development and listing | c11 PoW | Masternodes | Votin
by
truethat
on 16/06/2018, 07:28:18 UTC
If you wanted to run a twitter-like platform of some kind, or something else, you could try to do it with the value having be in the wallet so people can use it.  They would just have it there to use the service.  That might work on its own.  What EOS does is make the businesses running on EOS have to buy and hold the tokens, so the general public can use services without it if that's the business model each EOS dapp has, or they can use their own token with some other model.  An itz twitter-like platform would have to require everyone to keep tokens in the wallet.  otherwise there would be no use-case at all that i can think of.

With publishing, i've given 2 use-cases for itz.  1.  small amount to get in.  2. marketplace to spend it with once inside.  And my political agenda is free speech.  so no advertising.  

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Re: [ANN] InterZone. Renewed Development and listing | c11 PoW | Masternodes | Votin
by
truethat
on 16/06/2018, 07:18:55 UTC
Or you would have to incorporate the token in some kind of way on these platforms that gives it an ingenious use-case.  Steemit has attempted to do this.  That's a utility token. 

They way i incorporate the itz token for a publishing platform is by making all sales in itz.  everyone can use the platform for free.  But to buy or sell it has to be with itz.  And the reason i want a minimal amount of itz to be in the wallet in order to even get into the platform is so that people will have to at least buy some, even if they don't spend it.  But with it right there in their wallets, they'll be more likely to impulse buy, which is helpful to the authors, who will then be more likely to stay with the platform.  it all works together.  So the token has real value because of this use-case.

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Re: [ANN] InterZone. Renewed Development and listing | c11 PoW | Masternodes | Votin
by
truethat
on 16/06/2018, 07:09:14 UTC
Also, with Twitter, as well as Facebook, their model is advertising today.  This gives Advertisers a lot of control.  And they create the political correctness.  If you want to use ad revenue to run a business its fine, but you give up free speech to some degree.  It depends on what the business you're running is and how important your freedoms are for it.  Neither Twitter, nor Facebook, require a token to run.  Interzone has a token.  What would that token's value be in this case?  it probably wouldn't be so essential.  You could put a social media on a blockchain with ad revenue for income without a token.  Or you could turn the token into a security.  But that makes the legality of it more complicated.  right now the itz token is a "utility" token, which is legal and can be traded on any exchange in any country. 
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Re: [ANN] InterZone. Renewed Development and listing | c11 PoW | Masternodes | Votin
by
truethat
on 15/06/2018, 23:35:08 UTC
Another idea i heard was turning this into something like twitter.  Which is, i'm told, what mastodon.social is.  That's also intriguing.  It has never been clear to me what mastodon even is.  Or if its worth it at all to use it here.  For publishing its not necessary because there could be easier ways to build a "social" aspect into a platform for people to communicate.  Twitter itself struggled with having a business model, as i remember. But Twitter is also too politically correct and kicks people off regularly.  So someone will eventually want to find a blockchain, or some kind of technological solution to move away from it.  That could be itz, if there's a business model. 

There are technological limitations for us.  We might not have the skills in our community to build any of this.  Maybe there's nobody that knows how to create a dapp.  So my own idea would be impossible for this project.  And i've heard that for mastodon is too difficult to incorporate. 

I don't know what skill sets for development are available going forward.  Whatever those limitations are they also have to be part of the discussion.