In recent times there has been several ICOs introducing KYC for bounty hunters, and that has made many Bounty hunters to feel bad.
I would like to share my opinion over this issue. I never see KYC as a bad idea, KYC will actually reduce scammers from using multiple accounts for one bounty and that will also give the genuine hunters the space to earn more in their bounty hunting.
The place I have issues with ICO projects running bounty programs is the idea of some projects that introduce KYC at the end of the bounty program which I really feel it should not be so. It is the same thing as those who used multiple accounts during the bounty because it will still reduce the amount the genuine hunters will earn. If KYC should be introduced at the end of bounty, the left over coins/token should be distributed among the genuine hunters otherwise I see it as the same scam to the genuine bounty hunters:
Anyway, this is my own view, If you have a contrary view, please share it. I would like to know more also.
So am I, A project that asking KYC for their bounty hunter doesn't seems right, after all of our struggle to help on promoting their project, we are asked something that i think isn't necessary, especially when the coins has a little value after it got listed in the market.
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BoardAltcoin Discussion
Re: How many different cryptos do you have?
by
xonecoinlovers
on 22/10/2018, 03:03:36 UTC
Don't really sure about how many coins do i had right now, just never count them. Perhaps it's still less than 20 coins. but among them, there are coins that still have no price
I would like to become a signature bounty hunter. How do you find potential deals and how do you make them happen?
That is a tough decision for now, as the condition of cryptocurrency at this moment, when there are many scam project. But i can't say it's wrong for you to join into signature bounty campaign. But what you need is gain as much information as possible before you join signature campaign of a project, and make sure you don't meet any scam project. *this is just some advice perhaps
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BoardAltcoin Discussion
Re: How safe is it to put everything in one cryptocurrency?
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?
I can say that would be totally un safe. Because if that crypto that you invest on are failing, then you'll be loosing everything. You need to spread your fund into several crypto, in order to make balance on your income and as a safety precaution.
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BoardAltcoin Discussion
Re: Should there be that many cryptocurrencies that exists?
by
xonecoinlovers
on 17/10/2018, 03:29:11 UTC
Among those many cryptocurrency that available right now, there will be applied a natural selection, all the coins that has a good quality will be able to survive and coins that has no quality will surely vanish.
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BoardAltcoin Discussion
Re: KYC registration for ICOs? How do they verify?
by
xonecoinlovers
on 17/10/2018, 03:15:33 UTC
That is indeed doing KYC is a pain, it's totally against the idea or cryptocurrency, that are build for anonymity. By doing KYC we'll be loosing that anonymity. I really hope that we won't need to perform that KYC anymore.
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BoardAltcoin Discussion
Re: Mining vs Buying Altcoins, which option is better?
by
xonecoinlovers
on 17/10/2018, 03:06:32 UTC
If i had to choose between mining and purchasing atlcoin, then at this point i'll choose to purchase on altcoin. cause mining takes a lot of fund to invest on, and also the price to do the maintenance isn't small.
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BoardAltcoin Discussion
Re: What if every country has its own crypto currency
Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off. Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.
If that is the plan, it would be easier to make the countries currency to became a cryptocurrency, so at the same time it will have the same value as their regular currency. I believe that would be easier to manage them.
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BoardSpeculation (Altcoins)
Re: 2 great coins to invest now
by
xonecoinlovers
on 17/10/2018, 03:00:37 UTC
For me, i prefer to choose either XRP (Ripple) or METM (Metamorph), i saw those 2 coins having their price rising so much, and also that one of those planned to be used as a mean of payment in some merchant.
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BoardAltcoin Discussion
Re: Quality ICO's Are Becoming Hard To Find...
by
xonecoinlovers
on 17/10/2018, 02:56:24 UTC
There are many scam project that also occurring, makes us even harder to filter the quality project. it also making most of the qualified investors became worried to put their investment on an ICO.
Hello. In the course of studying the forum and participating in the bounty, the question arose: what exactly do you prefer to invest or help with marketing (participate in bounty)? Or do both?
For the starting point, we can start by helping to promote the project, or we could simply doing both if we had some excess fund to make an investment on the project that we believe
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BoardAltcoin Discussion
Re: The first cryptocurrency insurance in australia
by
xonecoinlovers
on 16/10/2018, 04:14:13 UTC
With the growth of trust on cryptocurrency it will open a big path for further development on many other cryptocurrency project. Especially when the cryptocurrency also legally accepted by any regulation.
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BoardAltcoin Discussion
Re: Do not invest in ICO anymore. Do not Feed scammers
ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects. The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
If you wish everyone to think as the way you think, then the cryptocurrency world will not growing, cause there will be no more project created. And that is because there will be hard to find a funding to create a high quality project.
Do you understand that companies and people build "fake social proof" these days. Those 120k members can easily be collected. You either go and buy lots of fake accounts to join your group or you go the free route and that is to join every other crypto related telegram group and then invite every single people to your group. Most likely more than half of these people will stay causing your group to look legit by numbers. With bounties you need to know not to trust this social proof as when you look twitter for instance, there you will get massive retweets and likes with no comments that are meaningful etc.
It is good however that whenever you are not certain to ask like you did.
Well, if a project is started with those fake members, I myself will be as best as possible to avoid those kind of thing, cause from the start it already trying to cheat on people.
The high rate of worthless coins are now at alarming rate as we have experience a very difficult time in distinguishing between Good coins and shit coins. Getting into Campaigns with the aims of getting a good coin for the future, all we can get is some worthless coins into the wallet. Those worthless coins or as i called them valueless Altcoins.
What will you do to your worthless Altcoins in your wallet??
As for me, I'll let it be the all those valueless coins to stay in my wallet as long as it need to be, cause i think there won't be a problem if i keep it in my wallet.
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BoardAltcoin Discussion
Re: The golden rule of the investor!
by
xonecoinlovers
on 15/10/2018, 03:54:12 UTC
I should be agree with all those rules when investing, since we can't just making an investment without knowing anything on what we are investing. That is just plainly gambling, and the result form that kind of things will not be good, and mostly regret.
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BoardAltcoin Discussion
Re: Alts coin vs BTC
by
xonecoinlovers
on 15/10/2018, 03:49:10 UTC
the answer would be depends on what we wish, if we wish to get some quick profit, then choosing on altcoins would be the wise decision, but if you wish to make a long term investment, then you should choose bitcoin.
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BoardAltcoin Discussion
Re: Don't wait big investor, We are investor
by
xonecoinlovers
on 15/10/2018, 03:44:17 UTC
That can be true, cause there isn't rules that anyone who could became an investors are someone that has so much fund at their back. Even regular people can become an investors, just by simply purchasing some coins during the ICO phase.
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BoardAltcoin Discussion
Re: TAUCoin “Proof of Transaction” - features debate and bounty for 12 months
by
xonecoinlovers
on 15/10/2018, 03:34:53 UTC
I got a bit concern about the bounty, it says "bounty for 12 months", does that means the bounty campaign will be held as long as 12 month/1 year? That is sure long bounty periods, i can't imagine if someone will be able to stand that long bounty.
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BoardAltcoin Discussion
Re: Have you make money from ICO?
by
xonecoinlovers
on 10/10/2018, 14:24:34 UTC
Up until today, i still haven't tried to invest in an ICO, cause i still don't have the necessary fund to make an investment. I prefer to purchase coins from the market when it's available.