Stumbled over this ICO and future shitcoin, which i'm not interested in, but their event video is pretty ballsy:
Go big or go home.
https://cointelegraph.com/press-releases/hetachain-officially-raises-185-650-000-from-private-saleHetaChain's Private Sale recently ended on November 10th, 2018. A Public Sale thereafter opened up from November 11st, 2018 to February 10th, 2019. After finalizing the investment procedures HetaChain officially received $185,650,000 in private equity investment from more than 60 investors. Most of whom include institutional investors and investment funds from various countries around the world, specifically targeting investors from the Middle East.
One question: are you invested in any digital asset or not? Because if not, i would like to - in a fair manner - ask you to not write something in this thread again?
I just went through your posting list, and all you do is write negative and pessimistic posts. I'm honest with you, those don't lead to a flourish discussion but rather always paint the whole thread in a dark and unwelcoming place.
Go and compare fidget spinner or other one hit wonders to tulips, but not something that lived on for more than a decade now and has build a whole economy behind it.
Edit: Does not mean, that you should only write in this thread without investing, but then don't just to drive-by and leave a negative comment. Thanks.
Sorry if I'm not pumping coins, and my personal assets are none of your business :)
I'm pessimistic because, well, look at whats been happening. Sorry if you want a bitcoin supporters club, but the reality is this stuff is tanking, and pretending the sky isn't falling does it no favours.
Hell, Brandson warned you months ago.
I can only speak for myself here. But, I see what's going on in the market as well. I'm not blind. I'm also not shilling coins or trying to pretend that everything is cool. I do think that blockchain is the future though. And there's plenty of proof that a lot of companies, governments, cities and innovators think this too. Of course, there's still a long road ahead of us. All this daily gossip about the charts is not a fruitful discussion imho. At least not for me. Forget what Bitcoin does tomorrow and look at what might happen months or maybe years from now. Does that still make you pessimistic?Sorry if I'm not pumping coins, and my personal assets are none of your business :)
I'm pessimistic because, well, look at whats been happening. Sorry if you want a bitcoin supporters club, but the reality is this stuff is tanking, and pretending the sky isn't falling does it no favours.
Hell, Brandson warned you months ago.
I can only speak for myself here. But, I see what's going on in the market as well. I'm not blind. I'm also not shilling coins or trying to pretend that everything is cool. I do think that blockchain is the future though. And there's plenty of proof that a lot of companies, governments, cities and innovators think this too. Of course, there's still a long road ahead of us. All this daily gossip about the charts is not a fruitful discussion imho. At least not for me. Forget what Bitcoin does tomorrow and look at what might happen months or maybe years from now. Does that still make you pessimistic?
Thought that was a given, why else would Starbucks be involved. Doubt they'll be making actual transactions though; Bakkt will probably be playing bank for both companies and consumers, and the BTC will only "transfer" in their internal ledger.Bakkt fanning their hype flames
https://beincrypto.com/starbucks-may-accept-bitcoin-claims-bakkt-ceo/
For what it's worth, I enjoy your posts. And I very much agree with these points.Leaving aside Ryus attempts to police the thread to his liking.
-I've not yet seen a use case for Blockchain technology that isn't already handled better by existing technology. It's being invested in because maybe it can, but not yet.
-I strongly feel that most existing coins have a value almost or entirely based on speculation. Anyone serious actually using this tech in the future would create their own coin.
-The environmental impact of crypto, and Bitcoin in particular, is appalling. Using the same electrical output as the republic of Ireland to power this is entirely disgraceful.
-Honestly I'm looking forward to what happens after the end of the speculation bubble craters most crypto to near zero, it'll be a much better space for any actual innovation.
Leaving aside Ryus attempts to police the thread to his liking.
-I've not yet seen a use case for Blockchain technology that isn't already handled better by existing technology. It's being invested in because maybe it can, but not yet. You cant see how Blockchain will revoulutionize IoT, Supplychain management or Gaming. You dont think its being worked on RN?
-I strongly feel that most existing coins have a value almost or entirely based on speculation. Anyone serious actually using this tech in the future would create their own coin. Why did IBM partner with Stellar and not create their own coin?
-The environmental impact of crypto, and Bitcoin in particular, is appalling. Using the same electrical output as the republic of Ireland to power this is entirely disgraceful. Wow hows your electric car treating you? your solar panels on your roof? Bitcoin killing the rainforrest and polar icecaps guys
-Honestly I'm looking forward to what happens after the end of the speculation bubble craters most crypto to near zero, it'll be a much better space for any actual innovation. Riiiiiight BTC to zero. Its never dropped 90% before (except for the 3 other times it did)
-I've not yet seen a use case for Blockchain technology that isn't already handled better by existing technology. It's being invested in because maybe it can, but not yet.
Not a stupid question and it probably wouldn't mean anything for cryptos, especially not for BTC. I kinda see the value of blockchain for supply management / logistics but all those tokens are likely worthless. Even IBM using Stellar might not mean anything since they very well could just be using the protocol to run their own private blockchain without spending lumens.Maybe a stupid question, so my apologies, but what does blockchain tech being useful (generally) have to do with the values of cryptocurrency?
In other words, if some big company goes all in on blockchain tech for something like supply chain management, why would that spell good news for the values of BTC or ETH specifically?
Private blockchain solutions are controversial. Blockchain is supposed to be 'trustless', decentralized, secure (immutable), transparent.Maybe a stupid question, so my apologies, but what does blockchain tech being useful (generally) have to do with the values of cryptocurrency?
In other words, if some big company goes all in on blockchain tech for something like supply chain management, why would that spell good news for the values of BTC or ETH specifically?
Speculation happens with any new commodity or type of technology. I think the most interesting point now is thinking of Crypto as we have thought of any fiat during its creation period. Bitcoin is 10 years old, USD is almost a hundred years old —- it has time to work itself out. If anything, crypto right is more based on resource scarcity than it is store of value or transactions. As Blockchain tech evolves and ICOs die a horrible death, I think the use case of Crypto using traditional methods will emerge as either more secure or less immutable. Be interesting what lies ahead.Leaving aside Ryus attempts to police the thread to his liking.
-I've not yet seen a use case for Blockchain technology that isn't already handled better by existing technology. It's being invested in because maybe it can, but not yet.
-I strongly feel that most existing coins have a value almost or entirely based on speculation. Anyone serious actually using this tech in the future would create their own coin.
-The environmental impact of crypto, and Bitcoin in particular, is appalling. Using the same electrical output as the republic of Ireland to power this is entirely disgraceful.
-Honestly I'm looking forward to what happens after the end of the speculation bubble craters most crypto to near zero, it'll be a much better space for any actual innovation.
I guess what I'm trying to get at is that I see a lot of people point to the worthiness of blockchain technology (and I agree it has some promise) as some kind of boost to cryptocurrency values once blockchain becomes more widely used and I'm struggling to see the connection.Private blockchain solutions are controversial. Blockchain is supposed to be 'trustless', decentralized, secure (immutable), transparent.
If a large manufacturer decided to implement some sort of supply chain tracking solution with its suppliers and subcontractors then why would it need to be blockchain based? The manufacturer would still retain most of the power and probably be able to establish or manipulate ground truth.
Maybe the suppliers are still ok with that in the aforementioned example, but other use cases may require public blockchains.
Most people in crypto don't even ask that question -- they just see headlines and get hyped.I guess what I'm trying to get at is that I see a lot of people point to the worthiness of blockchain technology (and I agree it has some promise) as some kind of boost to cryptocurrency values once blockchain becomes more widely used and I'm struggling to see the connection.
It seems to me blockchain could take off like wildfire, but coins like BTC and ETH (or any other coin) aren't neccesarily going to benefit if that happens.
I agree with everything you've said in your post.
I would just say that to this one specific point; blockchain and open ledger technology in general has the potential to completely change and disrupt the global financial settlements and correspondent banking industry. There is a real use case there.
Am from the UK here, can confirm you can send bank to bank transfers free and basically instantly between personal accounts online*.
I understand it's much much slower and more costly in the US, but that's a regulation issue not a tech one.
Ayup, but there's Western Union, Paypal and a host of other cheap services for that.
Coinbase Quietly Adds No-Fee PayPal Withdrawals
California-based cryptocurrency exchange Coinbase has quietly enabled free PayPal withdrawals for a variety of fiat currencies, including USD, EUR, and GBP.
According to a somewhat hidden update on the Coinbase website, as of November 2018, users will be able to withdraw three different fiat currencies free of charge to their PayPal account.
At the time of this writing, Coinbase has not provided an official announcement on its website or social media but has distributed mass e-mails to eligible users.
THe option is currently only available in a handful of regions, including the US, EU, UK, and Canada. As of yet, Coinbase only provides local wallets for USD, EUR, and GBP, but the move may indicate that CAD and AUD wallets are on the horizon.
Potential, maybe. But no use cases yet that aren't better served by other technology. This stuff has been in the wild for a decade at this point with no good use case.
Link here investigating blockchain claims and use cases:
http://merltech.org/blockchain-for-...-a-learning-agenda-to-address-knowledge-gaps/
You seriously think a Paypal/FastPayments transaction has a higher energy cost than a bitcoin transaction...?I also wanted to point out that Bitcoins economical impact is always stated as an issue, while big banks have a lot more impact. Banking systems waste a lot more energy, but of course this is never included in criticism.
I spent $0 on my crypto and cashed out low 5 figures at the peak, so I did ok.Some here got either:
1.) Pretty BAD hurt
2.) Salivating happy as they left out first time, were jealous on top, and want to see it die completely now. There will be an answer to those in the coming months or years, but my bet is on Bitcoin and not you.
A distributed, immutable ledger would definitely be useful. I'm just skeptical that it's possible to have one that isI don't think we're talking about the same things here. Just to name a few, I think there is a use case in using a distributed ledger as a possible mitigation to the current single point of failure risk of traditional custodial banking arrangements.(in 2008 this risk became a reality).
I also think there is a use case that distributed ledgers could offer an improvement over the traditional dvp/rvp settlement of security transactions in that they could mitigate the credit risk and market risk that currently exists in that settlement process.
We haven't even touched on the cost of correspondent banking or reserve requirements for global fx trading vis-a-vis central banks.
These are all existing technologies and workflows that the industry agrees are not optimal and need to change and have been looking for ways to change them.
That's not to say it would be easy or without risk to use blockchain or distributed ledgers as an alternative, but with due respect, it's silly to say there aren't use cases for blockchain/distributed ledgers where they are an improvement over existing technologies.
There's a reason every central bank and every major financial institution is spending significant resources on this, they all see the potential for distributed ledgers to be a game changing technology in clearing and settlements.
https://www.bis.org/cpmi/publ/d157.pdf
You seriously think a Paypal/FastPayments transaction has a higher energy cost than a bitcoin transaction...?
Or, as many proponents do, are you misleadingly comparing the energy costs of the entire financial industry to the energy costs of just a blockchain? Ignoring all the employees, offices, cars, and whatnot involved in making the crypto markets work (coinbase, etc hire people and have offices with carbon footprints just like banks).
I spent $0 on my crypto and cashed out low 5 figures at the peak, so I did ok.
How's your LISK doing?
Some here got either:
1.) Pretty BAD hurt
2.) Salivating happy as they left out first time, were jealous on top, and want to see it die completely now. There will be an answer to those in the coming months or years, but my bet is on Bitcoin and not you.
I now constantly get messages or questions when i meet friends with "Hey, how are your coins doing wink wink grin grin" or they send me mainstream articles of how much down Bitcoin is now compared to late 2017. Lots of "i told you that this was hot air". My mother is one of them.It's kind of always been a mix of this for the crypto threads as far as I know and have seen. 2017 was a great year for growth but most of the "visitors" were concentrated in the last two months of the year when people were things were exponential. Theres anger from a crowd when people are making money hand over fist, and prayers for this to truly be the "real death" of crypto during down markets. Same ol' same ol'. Most of the community here has learned to ignore it by now.
I don't think we're talking about the same things here. Just to name a few, I think there is a use case in using a distributed ledger as a possible mitigation to the current single point of failure risk of traditional custodial banking arrangements.(in 2008 this risk became a reality).
I also think there is a use case that distributed ledgers could offer an improvement over the traditional dvp/rvp settlement of security transactions in that they could mitigate the credit risk and market risk that currently exists in that settlement process.
We haven't even touched on the cost of correspondent banking or reserve requirements for global fx trading vis-a-vis central banks.
These are all existing technologies and workflows that the industry agrees are not optimal and need to change and have been looking for ways to change them.
That's not to say it would be easy or without risk to use blockchain or distributed ledgers as an alternative, but with due respect, it's silly to say there aren't use cases for blockchain/distributed ledgers where they are an improvement over existing technologies.
There's a reason every central bank and every major financial institution is spending significant resources on this, they all see the potential for distributed ledgers to be a game changing technology in clearing and settlements.
https://www.bis.org/cpmi/publ/d157.pdf
I also wanted to point out that Bitcoins economical impact is always stated as an issue, while big banks have a lot more impact. Banking systems waste a lot more energy, but of course this is never included in criticism.
One who can't even write Ethereum and blames it for being the worlds worst invention is the only thing that worries me.
There's a difference between a decentralised system and one that is centralised, right?
I also wanted to point out that Bitcoins economical impact is always stated as an issue, while big banks have a lot more impact. Banking systems waste a lot more energy, but of course this is never included in criticism.
There still remains a single positive post from some people left to be seen. But to say that blockchain has no potential at all, when that's exactly what the greatest Bitcoin criticism is not saying, makes me really worried about some posts. I stretch out far from my window and say you're not one of those greater minds.
Also, there was a link from someone i don't want to mention, to one of the bigger Bitcoin nitpickers. He literally published a book with everything that's wrong about Bitcoin and swims in his salivation of bad publicity for Bitcoin as he wants to make it big time with downplaying and criticism in every single aspect. Those people of course get a lot of platform as soon as something goes down, but are nowhere to be heard when it goes up.
Some here got either:
1.) Pretty BAD hurt
2.) Salivating happy as they left out first time, were jealous on top, and want to see it die completely now. There will be an answer to those in the coming months or years, but my bet is on Bitcoin and not you.
It's kind of always been a mix of this for the crypto threads as far as I know and have seen. 2017 was a great year for growth but most of the "visitors" were concentrated in the last two months of the year when people were things were exponential. Theres anger from a crowd when people are making money hand over fist, and prayers for this to truly be the "real death" of crypto during down markets. Same ol' same ol'. Most of the community here has learned to ignore it by now.
lol, saw that a couple of months ago, he's still at it? Dude either stole those coins or got them from running DM or something.A story about a guy having 1.2k BTC (yes the k is correct) stuck on Binance and trying to rally reddit from time to time to help him. But he doesn't really want law enforcement involved...
Comments are a good read.
https://www.reddit.com/r/CryptoCurr..._lost_in_the_world/?utm_source=reddit-android
A bit backstory from Binance point of view:
"**Binance Response:**
The acco...
https://www.reddit.com/r/CryptoCurr...n_the_world/eb4vyks?utm_source=reddit-android
The drop to the 4k's went about as predicted, but ETHUSD is looking more and more like it is in a parabolic acceleration downwards. Maybe it meanders back to the $140's before dropping to the double digits, but even that would be a struggle so I have abandoned my swing trade plan outlined above. Even though ETH has already fallen a lot, the potential for a big crash from here is pretty high. Targets: $90, $55, $42, $10.
My main question now is whether this is a manufactured collapse leading into the Bakkt launch in January, or whether crypto is truly screwed for 1+ more years.
$93.90 hit on Coinbase. I think the $50-$60 region is quite likely, perhaps even this week. There might be a pitstop in the 80's. Trade at your own risk.