So approximately one year ago I posted something on this board that must have angered one of the mods because they banned me for a very long time. I mostly lurk anyway, so I never bothered to change my IP or use a VPN. Today, I realized that I am able to post again, and I would like my first post to be a good one. I am not an insider or a whale, but I have been here for a while and I like to think I am somewhat knowledgeable when it comes to cryptocurrencies. I will answer any questions, no matter how stupid, to the best of my abilities. I will not purposefully lead you astray or attempt to lead you to financial ruin for laughs. I will simply try to give you what I believe is important information. Pic related, it's the new rankings for cryptocurrencies by China's Center for Information Industry Development (CCID). If I remember correctly, they release an update once every month, and this is the newest update. These are projects that have been verified as legitimate and, more importantly, stand out among the sea of shitcoins that are doomed to fail (at least 90% of them). I will continue to post my honest thoughts while answering any questions you may have because I truly have your best interests in mind, but you don't have to believe me; go ahead, ask me anything.
I have your best interests in mind, trust me
Other urls found in this thread:
cointelegraph.com
medium.com
steemit.com
twitter.com
What do you think about LINK?
ChainLink isn’t on there, faggot.
>creativity
lol what the fuck did they mean by this?
I can't decide if EOS is legit or not. I still don't understand what its consensus mechanism is.
Chainlink isn't on there and they're almost all chinkcoins. Except for ARK and a couple others. NICE, SURELY THE CHINESE KNOW WHAT VAPORWAVE PROJECTS ARE THE BEST
This fake list again, fucking hell..
I don't have any pictures saved on this computer so I'm going to just post cryptocurrency logos.
I truly believe that this is a great time to be alive because we are witnessing the birth of a new asset class. These digital assets are not going to go away. They are not a fad and anyone that says they are is either uninformed or is purposefully leading people astray. Digital assets will eventually make up a significant percentage and play important roles in the global economy. Bitcoin is the reason all this is happening. Bitcoin has shown the world that intangible things most definitely have value, and that virtual constructions are not necessarily easily replicable. Now that academics and entrepreneurs understand the basic ingredients, they are all rushing to perfect the idea Bitcoin introduced to the world: the blockchain. Don't get me wrong, blockchains existed before Bitcoin; the idea that you can have ordered information timestamped cryptographically is old, but the novel approach Satoshi Nakamoto used in the Bitcoin protocol incorporated a raffle with economic risk to delegate the privilege of timestamping. That Bitcoin can exist theoretically is already interesting from an economist's perspective, and the fact that it actually does exists makes it worthy of academic research. The Austrian School of Economics became significantly livelier when they learned of Bitcoin.
All in xrp or btc?
Will iota prevail? I hope not.
Me too and I have 1000+
I believe Chainlink is a project with good intentions, but I am not sure if it really will have a run up comparable to Ethereum. Not only that, but you may very well have an idea that is perfect for blockchain and yet, if you do not execute correctly, it could still end up as a failed project. I would like to direct your attention to an article that will be very interesting to all of you. It is written by a man that very clearly browses this board. I encourage you to read his other articles as well: news.bitcoin.com/cryptocurrency-memes-the-only-assets-that-can-survive-a-bear-market/
This is an important observation. Why is it that Chainlink is such an obscure cryptocurrency? Why is its presence so apparent here but nowhere else? I do now know the answer but we must accept that it is strange to say the least. The article provided above talks about Chainlink briefly.
I will not pretend that I fully understand trustless protocols, however I believe that EOS uses something called Delegated Proof of Stake (DPOS). The idea, as I understand it, is that in proof-of-work (POW) the fastest miner creates the next block. In proof-of-stake (POS) the block creator is chosen in a deterministic way; the deterministic algorithm must also incorporate the amount of "wealth" of each participant (also called the "stake") so that people with larger stakes will be rewarded with transaction fees more often than people with smaller "wealth". This consensus algorithm is less resource intensive and therefore is orders of magnitude faster than POW. If I remember correctly, EOS assigns a finite number of block creators from the beginning and that's why it's not called POS it is technically delegated-proof-of-stake (DPOS). Blockgeeks has a nice article on it: blockgeeks.com/guides/proof-of-work-vs-proof-of-stake/
I agree that a lot of the coins are of Asian origin, but this is not an example of the East praising their own projects. Dan Larimer is the main developer for 3 of the top 4 projects listed: EOS, Bitshares, and Steem. He's from the USA.
This list is most definitely not fake and I can't tell if you are serious or if you simply take joy in misleading others. Here is the link to prove its legitimacy: www.news.bitcoin.com/china-crypto-ranking-btc-upgraded/
I do not want to appear like a shill, but I am of the opinion that in the future XRP will experience larger gains than Bitcoin simply because of their differences in marketcap and the steady adoption of XRP by large financial institutions. It is worth noting that, recently, a cryptocurrency Exchange Traded Fund (ETF) was successfully deployed in Switzerland under the ticker of HODL. What a crazy time to be alive. They will allocate 50% of their money in Bitcoin, 25% in Ripple, 16% in Ethereum, 5% in Bitcoin Cash and 3% in Litecoin. It is very important to note that these percentages were strategically chosen and they are a manifestation of the current market sentiment: wealthy investors believe that Ripple will have greater returns than Ethereum in the future, but they still believe Bitcoin is the safest investment. Here is the article: cointelegraph.com
What do you think about credit tokens? Specifically RCN
I may have to leave soon, but I just want to say that I am of the opinion that the cryptocurrency market is very similar to the dotcom bubble, which is why I am very excited to be part of this inevitable revolution. Remember that a few decades ago people would sprinkle the words "dotcom" over their companies and their stocks would immediately rise in value. This is the same as adding the word "blockchain" today. The irrational exuberance and uncertainty about the future is all here. The speculation and the innovation. We've seen this before. This is going to be a revolution that will unfold within the coming decades. It will not only change the way we transfer money around the world, but it will also change the way advertising works and a lot of middlemen will no longer be necessary. There will be Decentralized Autonomous Organizations and smart contracts will only get better because once the majority of people realize the amount of time and money they can save using automated contracts, only fools will refuse to use them. One thing that I am unsure about is the transparency of our future. I don't think that most organizations will want to be as transparent as Nakamoto wanted to be. Companies will make their data transparent only when it is in their best interests.
>I can't decide if EOS is legit or not. I still don't understand what its consensus mechanism is.
The same as every other coin but you get to see all of the bullshit that goes on behind the scenes.
Is a 30k AMB sigma node enough to retire on in the next 5 years?
>eos
>bitshares
>steem
i guess its no surprise the chink-compromised networks rank highly on a chink "rank"?
this is like listening to some kike-sponsored listing that tells you to sell all your crypto.
From my understanding the Ripio Credit Network is attempting to use the ubiquitous nature of cryptocurrencies to target demographics that are often outside the scope of most credit/loan institutions. I firmly believe that cryptocurrency will eventually become incorporated into the global lending market, but I do not posses the technical knowledge to determine if RCN is approaching this the right way. One thing that I do find interesting is that RCN intends to report to the credit agencies. It is the old legacy systems that are often the reason loans are hard to procure in the first place. On the other hand, the RCN token has an immediate and very natural/intuitive use case, which is more than you can say about most cryptocurrency projects.
>from one of his other articles
>shekels
oh yeah he's a Jow Forumsraeli alright
problem with EOS is that because their bar to become a node or block producer is so high and only 21 of them I believe, its really arguable that EOS is not even remotely decentralized or distributed well.
doesn't mean that it won't succeed with businesses necessarily though, just something to keep in mind
Do you take questions about existing shitcoins only, or up and coming ones too?
What do you think about NEX?
>problem with EOS is that because their bar to become a node or block producer is so high and only 21 of them I believe, its really arguable that EOS is not even remotely decentralized or distributed well.
How do we know this isn't just human nature and not a result of a system that is supposed to be open ended. Pareto distributions indicate that even on ETH its going to be a giant pain in the ass to be one of the top nodes on the POS network.
Dan has talked about having 100 nodes in the past and found that 21 was a much better amount due to the inability to get consensus on anything. Its entirely realistic we will find out that having more than 21 nodes ends up being pointless because not enough people will really give a shit.
Why do you say that they are "compromised"? EOS, Bitshares, and Steem are all very well thought out projects. Bitshares is one of the few (if not the only) truly decentralized exchanges (DEX). Recently, the creator of EtherDelta was fined by the SEC for facilitating the trading of securities because of his website, but the SEC can't blame anyone if you use your own computer to engage in true peer-to-peer trading since there is no central point. Bitshares is the most censorship resistant DEX created so far. The only thing I can think of is that maybe the SEC might still try to blame Dan Larimer for facilitating the trading of securities, but it would be a lot harder to do it since the exchange only exists in your computer. Steem is also a very smart idea. Larimer has joking referred to the consensus mechanism of the Steemit social media platform as Proof-of-Brain. This is not only humorous but also a legitimate way to describe the end result of his protocol. The reward algorithm incorporates a completely incomprehensible entity to determine what information is valuable: you and everyone else. This way, the information that is considered "valuable" (and therefore rewarded with money) is determined in the only way that it can be: by the randomness of people. As an example, if you create a cooking recipe and people like it, then their positive response to your contribution to the network accrues literal wealth. What better way to assign value to information? Arguably this is the only way. And finally we have EOS, the latest brainchild of Larimer. You can argue that EOS is more centralized than Ethereum and definitely more centralized than Bitcoin, but at the end of the day, if Larimer has created a platform that really can scale to accommodate large scale applications, then it is only a matter of adoption.
His articles incorporate Jow Forums humor while staying pretty safe for work. I also believe he is knowledgeable.
Yes, I completely agree. I posted something similar before I read your post.
Even though I think you might be right (pareto distributions might naturally lead most systems to a partially centralized state), I think the main point against EOS is that there is an identifiable central point. This center, or "head", is not only incompatible with the beliefs of the original cypherpunks that founded Bitcoin, but it may be detrimental in the long run since it is a textbook attack vector.
I don't know anything about NEX. I think you can make insane returns by finding promising up-and-coming projects, but there are too many for me to research.
Ok I have to leave for a little bit but I will be back in an hour or two. Please try to keep this thread alive. I will be back.
I think a lot of you here are still thinking about dapps in a purely one coin one dap mentality. In reality the best killer dapps are going to span across man coins at the same time.
A twitter or reddit that allows you to post using any coin you want at any time is far better than a single platform that is limited to one coin. Coins like EOS are good because they lay a foundation for slow coins like ETH or BCH to work with. But cryptos biggest strength for anti censorship is going to come from allowing many coins at once for the same dapp.
>but it may be detrimental in the long run since it is a textbook attack vector.
Provided those attacks happen in the first place. Also you have to keep in mind that every dapp has the same problems with centrality regardless of each coin you are using. There are too many bottlenecks at this point for us to focus on something like a single attack vector. Ultimately your ISP is a single attack vector. Ultimately core devs of a coin or a dapp are attack vectors. Ultimately attack vectors are plentiful in a true absolute us vs them scenario. The centrality of EOS is a moot issue when you zoom out and look at the bigger picture.
Security means nothing if nobody is actually utilizing those attack vectors.
Dpos and stay away from every platform who use it, this has no future unless you believe we won't see any technological breakthrough in the future (It's much closer than most think) which is a really bold and very stupid claim.
>future unless you believe we won't see any technological breakthrough in the future (It's much closer than most think)
What exactly is the breakthrough? A benevolent AI?
Mods ban this pajeeter kthxbai
Forgot to mention this list is dogshit. really funny how there's not a single normie friendly source that give valuable information
Thanks man. Appreciate the normality on this board for once.
Are ICO's dead?
Also, I've found a that it's better to buy after the early adopters dump the coins which is generally after an exchange listing. What do you think?
ICO completing and listing coin on exchange
Mainnet goes live
Always followed by a massive dump.
So ICO's are dead right?
>So ICO's are dead right?
That's like asking if there are no more stupid people on earth though...
legit. raddit and biz hate it. take a hint.
t. I was at the first ever eos hackathon in HK in june this year and understand eos and larimer
No XLM, what the fuck OP
Just so u know Quant entirely created with its platform what nebulus was failing at doing with a few lines of code. Update the list chinks.
whats Chinas governments real opinion on crypto? are they accumulating? Also why the fuck EOS? Is it becuase of its a commiecoin?
the absolute state of biz
Thanks for your money roundeye. - The post.
>Also why the fuck EOS?
EOS and ETH are going to be pretty much two sides of the same dapps pool. Dapps that bridge EOS and ETH will be super common and stuff like Bancor make it even more common. When you see ETH and EOS together like that its because this is pretty much it, the perfect storm. Once ETh goes POS then this will just explode even more.
is Steemit and Steem just dyng shit, or its actually something that in future can have value thanks to their dapps?
The platform is perfectly sound. The only thing that determines the quality of it would be the people posting there and ways to filter out the garbage.
Its like pre myspace levels of social media at this point. Sound concept with absolutely no fucking UX design at fucking all. The UX designers in the entire crypto space are basically none existent or absolute autists with zero capability of thinking outside of their world.
This is extremely weird when steem and even SBD follow Bitcoins movements when there is literally no fucking reason for this. Its especially true when you think about SBD. SBD has zero reason to follow Bitcoin.
This market is going to go down a lot further because coins that make absolutely zero sense to go up or down tend to follow Bitcoin. I remember seeing SBD pumping to 17 dollars at one point randomly. Nobody gives a fuck about what a coin is, they just buy and sell it for blind reasons. Nobody stopped to say at any point in time that SBD is maybe supposed to be a stable coin and that ultimately it would return to its peg? Nope they bought the shit with the goal to HODL I guess wtf..
This market needs to dump hard. It needs to fucking dump into much lower levels...