We've done it again and added another major addition to our already stacked digital asset offerings! USD Coin (USDC), a Coinbase-developed stablecoin with big backing from some of the crypto world’s biggest names, is now tradable on Flyp.me. This addition gives Flyp.me users a major leg up in the ever-important quest for digital asset liquidity and mobility. Want to send your stablecoin balance between Flyp.me and Coinbase? No problem! How about sending USDC to Binance through Flyp.me? Easy. Best of all, Flyp.me does not require an account to trade USDC. The process for grabbing some USDC with Flyp.me couldn’t be easier.
Select the currency you will use to exchange, then enter your USDC wallet destination address.
Enter a refund address for the cryptocurrency wallet you are exchanging from (ie. if trading ETH, enter an ETH wallet address).
Send cryptocurrency to the Flyp.me transfer wallet address.
Done! Flyp.me will automatically send USDC to your destination wallet.
At no point do you enter your private keys, or give any information other than your public wallet address. So, what makes the USDC stablecoin special compared to other stable cryptocurrencies out there like Tether (USDT)? Here is a quick overview of USDC stablecoin and why this one is truly a game-changer for current and future Flyp.me traders. USDC — Not Your Average Stablecoin Of all the brand names in the cryptocurrency industry, few are as well known — or completely trusted — as Coinbase is. Yes, Coinbase is one of Flyp.me’s direct competitors, but you know what? Credit goes where credit is due. Coinbase partnered with Circle to bring about USD Coin, 1:1 USD-backed cryptocurrency that stays true to its $1 = 1 USDC value. How does that work? Essentially, Coinbase keeps $1 in the bank for every 1 USDC in circulation, tying each coin to real — not imaginary or inflated — financial value. Sure, there are other stablecoins out there, but few of them are audited, and even fewer come with the guarantee that only a big name like Coinbase can provide. USDC provides some welcome relief by being, well, stable. USDC Stablecoin Is Powered by Ethereum Another major plus USDC has going is it’s powered by Ethereum, our favorite decentralized ledger for all things DeFi (decentralized finance). As the undisputed hub of the emerging DeFi economy, Ethereum has nearly $1 billion in value locked into the blockchain. Being Ethereum-based makes the ERC-20 standard USDC coin easily transferable between you and other crypto users, or from your wallet to exchanges. This ease of transfer is especially handy when you need to make a move quickly — unlike the Bitcoin blockchain, Ethereum tends to be quicker. If you’re ready to trade some USDC cryptocurrency without the hassle of creating an account, then head over to Flyp.me and get started now! About Flyp.me Flyp.me is the professional tool for instant crypto trading. There is no registration necessary and no hidden analytics tracking you. Moreover, Flyp.me does not control users' funds, so your private keys are not at risk of being held on third-party services. Flyp.me currently supports over 30 cryptocurrencies and is continuing to add more: Bitcoin, Ethereum, Zcash, Augur, Litecoin, Syscoin, Pivx, Blackcoin, Dash, Decred, Dogecoin, Flyp.me Token, Gamecredits, Peercoin, Aidcoin, 0x, Vertcoin, Basic Attention Token, BLOCKv, Groestlcoin, Essentia, DAI, DGD, Power Ledger, Enjincoin, TrueUSD, Cardano, Storj, Monero, Maker, TetherUS, DigiByte, and now USD Coin. Connect with the community on Telegram, Twitter, and Facebook.
Top 30 most active Cryptocurrency subreddits in the past 30 days.
Top 30 most active Cryptocurrency subreddits in the past 30 days.
2. Bitcoin Cash
15. Ethereum Clasic
25. Request Network
26. Basic Attention Token
28. Binance Coin
A huge part of a coin future success is how big and active the community behind them is. I end up finding this website: https://cryptosub.live/ It tracks the activity of over 400 cryptocurrency subreddits based on Number of posts + Number of comments only! Important: it doesn’t account for number of views, online users and up votes. Which are also huge metrics to have If anyone has another tool they use to determine how active a coin community is, please let me know! PD: I’ve also been using • https://trends.google.com • http://redditmetrics.com/
What coin is your "sleeper" coin that has a promising future?
Why don’t you guys use Vertbase? We should stay away from these greedy exchanges
Binance knows they can get away with anything. I don’t hold any amount of DGB but charging ridiculous amounts of money isn’t doing any of us favours. Reputable decentralized coins that didn’t raise money through ICOs or premines simply can’t afford to get on their exchange and I for one don’t want to continue supporting this. I’m going to shill Vertbase here, they have USD GBP and EURO pairings for -Bitcoin -Litecoin -Ethereum -Digibyte -Vertcoin -Ravencoin -Reddcoin -Navcoin -Groestlecoin -Dogecoin -Monacoin -Decred -FlO And they always add more as per requests They donate some of their earnings to these projects monthly, the complete opposite of something like Binance. They never hold any of your money, you’re always in control of your keys I’m not affiliated with them nor can I use their service at the moment because they don’t have support for Canadians yet but I want to get the word out there. We speak with our dollars, and I’d hope people would support an exchange like this over coinbase/Binance
Buying $200 worth of BNB. Please send me your address, Vote on Binance hurry!
https://www.binance.com/vote.html Looks like it cost BNB to vote for Vertcoin! Make a new account, I am waiting for BTC to deposit I will buy BNB as soon as possible and send to the first people who post address. Help us out make an account so we can get on Binace. Current vote is 1021 Vertcoin to 1178 Zcoin. I think it will put us with in striking distance. If we want vertcoin to moon we have to all work together, we don't have the billionaires like bitcoin (yet) doing the work for us. I might not be able to send all of it (that is a lot of cut and pate lol) my days are pretty busy, I would be willing to send a good chunk to a few people who promise to send it out to people who need it. Verters Unite!
What’s up everyone! (TL:DR at the end this time, I've learned from my past mistakes haha)
Yep, it’s me again! New case for a new coin that seems to have taken off lately (and for good reason!) I’ve been researching it deeply lately. For those of you wondering (and in a voluntary spirit of being transparent), I do hold nice bags of the coins I post about. However I do not dump them. I’m a HODLER at heart, and love to invest in and hold coins that have a purpose. You know, like, an actual purpose. I have a Phore masternode, which i intend to keep running indefinitely. I also have a decent chunk of COSS, which I also intend to keep for a very long time (3+ years, until they are a full crypto one-stop-solution).
If you’ve missed my previous post, you can find it here:
For those who do not know me, or haven’t read my previous post, here’s my intro: I come from a business & logistics management background. I started investing in cryptocurrencies and trading a little more than six months ago. I am very detail oriented and I’ve been researching all kinds of cryptos, for hours a day, for the past six months. Cryptocurrencies went from a simple hobby to a burning passion during that 6 month period.
I’ve spotted great coins at great prices, and it seems I keep doing so! Firstly, Ethereum at 150$. Then NEO when it was antshares (sub-3$), Gas when it was antcoin (sub-30c), OMG when it was sub-1$, ETP at 1$ (ended up selling at 5$, too many wallet issues and kind of lost faith in it), COSS at 6 cents, that ended up getting a lot of visibility due to my last post (23K+ views), and finally, Phore at 60cents.
It took me less than an hour of research to understand Phore’s potential. I immediately purchased and setup a Masternode after seeing how undervalued it is compared to coins like Dash, PivX, and other privacy/masternode coins. I must admit, i FOMO’ed in really fast, but then kept on researching after I had secured my cheap PHR, and the more I researched, the more I saw the vision.
For those of you that don’t know, Phore is a fork of PIVX. It is a Masternode/Proof of Stake hybrid (MN + PoS), meaning 60% of the block reward goes to Masternodes, 30% to stakers, and 10% is left for the “development fund”.
For the newbs reading this (welcome, by the way!), a masternode is basically a node that you deploy on a virtual server (or on your own computer) and it basically verifies the blockchain and maintains concensus alongside the other nodes. You need to “lock” 10000 phore to deploy a Masternode. Proof of Stake, on the other end, basically means you can purchase coins and “Stake them” (aka put them in your wallet) and they will also be used to validate the blockchain. Both masternodes and staking will give you rewards, in Phore coins. Masternodes more than staking, obviously, as you “lock” a rather high amount of coins to deploy one.
Allright, so, what’s so good about this Phore coin? Isn’t it just a PivX knock-off?
1) Well, first of all, The MN/PoS structure is simply genius IMO. Dash’s value has gone up a lot simply because there is so little in circulation and most of the coins are locked up in masternodes. But Dash is MN/PoW, basically Masternodes + Mining. Miners do not have as big an incentive to hold unlike MN’s, it’s their mining equipment that generates them Dash. In Phore’s Case, yes, we do have the Masternodes locking up most of the supply, but we also have the stakers that are incentivized to lock up their coins to stake, and generate some extra coins.
2) Which brings us to point 2. There is a BIG incentive to buy and hold this coin. Masternodes are being deployed at a rate of 5 to 10 per day. This means 50 to 100k phore are being purchased and locked up, every day. On top of that, people that cannot afford a costly masternode, can still buy a few thousand coins and earn “interests” as they help validating the blockchain too! This basically drains the order book, fast, and skyrockets the price.
3) What happens when the vast majority (65%+) of the coins are locked up in masternodes, and from the 35% remaining, most of it goes into “staking”? Here’s what happens: the supply becomes increasingly low, the demand increasingly high. People that own masternodes or own decent amounts of coins don’t wanna sell, as the “interests” they make double, triple, quadruple in value, incentivizing them even further to hold.
4) What I’ve described in points 1 to 3 is pretty basic stuff. Economics 101. It’s a positive feedback loop: More MN’s/stakers = less coins in circulation = higher price = higher “interests” earned = more people want in = even less coins in circulation = even higher price = even higher “interests”, and it repeats itself until an equilibrium is reached (judging from PivX, equilibrium is at or around 425M market cap). Everybody wants in early on PoS coins, even moreso with MN coins, because of that simple fact. Early dash masternode owners are pretty much laughing right now. Everyone FOMO’s a good masternode coin, and that’s a fact, pure and simple.
5) Alright, now let’s dive into the actual “technical” merits of Phore. Phore is developed by an anonymous team. The same team that created Kryptcoin a few years ago (a coin with a decentralized marketplace). The team performed in a stellar fashion with kryptcoin, as well as their marketplace. Unfortunately, they were way ahead of their time with the marketplace. Most people didn’t even know what a bitcoin was back then. Phore definitely has this “old school, underground project” feel to it, and you will notice a good chunk of its community on discord are crypto believers from well before crypto was even talked about. They are “remaking” Kryptcoin from scratch, with tons of added features, and an even better marketplace. The fact they pulled it off back then only further reassures me that they will pull it off even better this time. This team actually has something under its belt.
6) Phore will have SegWit, as well as Smart Contracts. Yep, you read that right, smart contracts and dApps will eventually be running on PHORE. Zerocoin protocol as well for completely anonymous transactions.
7) Phore is integrating a Decentralized marketplace based on OpenBazaar’s codebase. They aim to have it running smoother, with a better UI and make it very intuitive. If there’s one team you have to believe can pull it off, it’s definitely the Phore dev team (They already did it in the past!) And the best part is that it’s not for late 2018 unlike some other coins. Nope. We are already in the testing phase, and it should launch somewhere in Q1 2018.
8) Although it is obvious, I thought I’d mention it for the less familiar: 10% of each block reward goes to the development fund. This means the project has a constant flow of money to hire new devs, grow the marketing team, grow the project, pay for exchange listing fees, etc. (They’ve already added an extra dev & an extra marketing team member, just this week, and are already hiring right now for another dev position. So, if you are a talented dev, feel free to apply!)
9) They have applied for Binance today. Although this does NOT mean it is guaranteed, at all, it’s good to see them applying to a variety of exchanges. It is currently only available on cryptopia and is skyrocketing. Getting added to Binance, Bittrex and the likes would make it explode in a ridiculous way.
10) Point number 10 will be a little off topic, to put us in context for point #11. Personally, I like to contribute feedback to projects i truely believe in. One example I came up with was a cool idea for COSS and I let Rune (COSS founder) know about it. Basically, when COSS will get FIAT trading, it is impossible for people to get USD and EUR “fee split” from holding COSS, as USD and EUR are not compatible with the DAO, which is an Ethereum Smart Contract.
My way around this was to create a “COSSusd and a COSSeur”, basically an ERC20 token that’s automatically created/destroyed as FIAT is deposited/withdrawn from the exchange. People sending fiat over to COSS would basically be credited with the “COSSusd or COSSeur”, trade with it, and then when they want to withdraw they would exchange their ERC20 for FIAT and withdraw it via wire transfer. The whole thing would be smart-contract powered and transparent so there is always the same number of COSSusd and Real USD on COSS.
Basically, this would result in COSS holders receiving “fiat dividends” as well, and not only “crypto dividends”. Rune is currently in the process of getting legal opinion on this idea as he is an adamant believer in compliance and wants to do everything by the Book.
11) Well, for Phore, I’ve also contributed a few ideas to attempt to make the marketplace go viral. Viral as in mainstream viral, not only viral in the crypto-space. The devs, advisors, marketing team, advisors and even the community were all very impressed and took notes of everything. Now I cannot comment on what will and what won’t be implemented, but overall my feedback was received in an extremely positive manner. Here goes:
Basically an easy gateway that's only fiat > phore. Coded in a way that when you purchase with fiat it automatically sends it to your wallet (and obviously we'd need to have a phore mobile wallet app).
This is how Phore will go mainstream, no way around it, unless we wanna wait 10+ years for every crypto "newbies" coming in to actually go through the lengthy process of learning about crypto, how they work, familiarize themselves, etc. So many newbies flooding in, we definitely need easy one-click fiat > phore solution.
Plus it would be super easy for me or phore marketing team (or both, working together) to put up a small nice and concise "press release kit" and send it out to all the major media outlets (all the big blogs, bloomberg, yahoo finance, lifestyle blogs for the libertarian / marijuana users / all the people that are into the whole “freedom thing” as well as all media outlets targeted to the 18-30 crowd).
Facebook advertising campaigns (targeting 18-35 age range, people interested in crypto, people interested in "online commerce", etc etc.) as well as google advertising campaigns (people search amazon or ebay, and they find our sponsored paid ad on top saying "thinking of trying amazon? Check out the phore marketplace, it's cheaper, blockchain-powered and 100% decentralized".
*Instagram campaigns as well, lots of the 16-30 crowd there. Instagram, google, Facebook and Reddit campaigns and any other viable channels. We can do all these things AND succeed at them quite easily, all we need is 1) an intuitive marketplace, which the devs are busting their asses off to achieve and we KNOW it'll be phenomenal, and 2) a fiat > phore gateway integrated. That second point will make or break it in terms of mainstream adoption, hence why it's indispensable to have it before we tackle "mainstream marketing" via FB, IG, Google, Reddit, Twitter, Blogs & Other Media outlets.
Ideally the fiat > phore gateway would be on the website itself, so people get credited their phore directly on their marketplace account. With a mobile wallet being a nice add-on of course so they can keep the extra phore in there when not in use, and 1-click transfer from marketplace to mobile wallet and vice versa, "a la paypal/dash evolution.
TL;DR for the lazy: Masternodes + PoS // Self-sufficient project due to the “treasury fund” // Stellar team who has ALREADY DONE THIS before // Currently underserved (cryptopia only) // Team applied to exchanges including Binance// Segwit + Smart Contracts + Strong privacy features // Decentralized Marketplace being beta tested as we speak and launching Q1 2018 // Strong incentive to hold as both Masternodes AND stakers dry up the supply for staking purposes, which creates a positive feedback loop (coins get bought, price goes up making the “staking & MN rewards go up”, making more people want a MN or Stake, more people buy, price rises again, “interests” earned go up, rinse and repeat in an endless loop until equilibrium is reached).
Currently, a masternode generates roughly 120phweek. Calculate Phore’s current price multiplied by 120 and you’ll get a pretty solid estimate of the weekly revenue generated from a Masternode.
If everyone on this sub donated 1 vertcoin towards the listing of a new exchange, we could afford to list on two exchanges. and if we did, the exposure would send us to being back on the top gainers.
Bithumb would give us a fiat tie to vertcoin with the Korean Won, which is as huge as bittrex. It accounts for #1 most volume traded of Dash and Ripple #2 most of Bitcoin #3 of Litecoin. This exchange would be a huge deal. It would expose a part of the globe that doesn't even know we exist. Binance. Expect 3-5x gains within the first week you're listed on this one. it would give soo much more exposure. It's almost as good as Bithumb for volume. Donate today! https://vertcoin.org/donate/
I have been in crypto technically for 2+ years but, since last spring gotten very into it. Here is my opinion on a bunch of coins. I know I don't know everything about crypto, but I also know nobody (except maybe Satoshi) can say for sure how this will play out. Here's my analysis(half-assed bullshit guesses). Yea I'm very bullish. BTC The king. I think it has the best likelihood of mass adoption. Wales want to see liquidity before they jump in. But more importantly they want to see big marketcap. They don't want to be a huge % of a market and not be able to pull out if it drops. I think there will be a tipping point in the near future where all of a sudden major financial companies start to pour in investments and millionares/billionares dump tons of money in. Wales are what takes us to 50-100k per coin. Also at a critical mass of marketcap the stigma of "betting on bitcoin" will turn to "putting it in bitcoin". Still too early to call a winner, but once they dive in it might be too late for other coins to top it. The tech that is massively adopted is not always the best. Yea there are fees, but it is still better than a wire transfer. Jan 1 2018: 12050 April 1 2018: 16800 ETH Very strong. Accurately valued imo. I think it might go down a bit in the next year or so to 280 and stay, but I also think it will only take a few very successful Dapps for it to explode. Good leader too. I think the move to POS is great and I think the people behind it are very dedicated and pumped. Jan 1 2018: 310 April 1 2018: 750 LTC- solid coin. Stability and a good leader. It could become the silver to the gold. I see it continuing to be very high volume. Jan 1 2018: 72 April 1 2018: 105 BCC- No idea. XRP- maybe great for a short term gain but I see major problems for it long term. I know a lot of people here don't like it because they think it's centralized but that's not why I don't like it. To me the problem is that for the "product" they offer to banks they can easily face competition and lose. There are already other coins that do similar things. Jan 1 2018: .23 April 1 2018: .40 NEM Cool idea. I really like their coin and PoI. I think this coin has a chance of being massively adopted. The only problem is that they don't market much and don't get hype going. If they saw another big 20% burst I think they would snowball and more people would look up what they were about. They have small volume which isn't good, but I think it is because those who are in it see it as the best tech. Jan 1 2018: .25 April 1 2018: .85 NEO Another coin that could be massively adopted. I don't see it going down too much anytime soon. After all the China FUD it only took a small hit and is still in the top 10. If China endorses it or has some kind of statement that can be interpreted as pro NEO I think it will explode. I like their model and how gas works with the POS. You can't go wrong with this one. Jan 1 2018: 42 April 1 2018: 115 **DASH- PIVX is better in EVERY way. IOTA- I think many can agree that this is the biggest question mark. I think it is the riskiest coin, but also potentially could see the most incredible gains. If the ball starts rolling with this and if they every get to the point where they can remove the coordinator I think it's lights out. GG. The question imo is can they get to that point while still being relevant and while people still believe in them. They have to get many people using the coin before they can get to that point. Jan 1 2018: .62 April 1 2018: 1.8 XMR (monero) Awesome coin. Honestly I think this the safest bet. It has one of the most passionate communities and a good visible leader who understands his role is replaceable. The fungibility factor is SOOOOOO under valued and I wish more coins took this part more seriously. I like that there is no rich list. This coin seems to 2x all the time. The community has the "ask not what Monero can do for you but what you can do for Monero vibe" Jan 1 2018: 195 April 1 2018: 405 QTUM, OMG, CARDANO all seem solid, but I haven't looked into them enough. Bitconneeeeeeeeeeeect Not feelin it. Jan 1 2018: 380 April 1 2018: .380 LISK- I think Lisk is awesome and will pop up to 12 by spring. JS is one of the most popular languages and its users are growing. At the end of the day it's the developer that makes widespread adoption. The easier it is for them to make apps for the block chain, the faster people can adopt it. DPOS imo is pretty cool. The people behind it seem really motivated and imo they have a cool logo and easy to remember name. Jan 1 2018: 8.14 April 1 2018: 14.01 ARK I'm not gonna pretend to understand how smart bridges work, but I think they will go up. Their team seems professional and passionate and I like DPOS. Jan 1 2018: 3.01 April 1 2018: 7.22 ZCASH Better off with XMR or PIVX. The tweet their boss gave was pretty telling. I have a bad vibe about them. Stellar lumens IDK. Seems a lot like ripple Jan 1 2018: .09 April 1 2018: .112 Stratis Better off with LISK or NEM imo Jan 1 2018: 6.11 April 1 2018: 7.18 EOS I don't really understand this coin yet MonaCoin Japan's coin. I think NEM is better because I like their POI and the fact they have been around longer. I don't think a coin can win off just strong patriotism/nationalism unless it is directly/officially endorsed by their gov't or issued (doubt that will happen) Jan 1 2018: 4.42 April 1 2018: 6.44 PIVX Great coin. Their dev team sets targets and hits them. ZEROCOIN + super fast transactions are hard to beat. One of the most ideal coins with a community that's very passionate. Jan 1 2018: 4.12 April 1 2018: 10.87 Decred One of the best long term coins. They have a good team and one of the smartest roadmaps. If crypto ever gets to maximal adoption you are basically talking about universal self governance and decred has a lot of foresight with their voting system. The down sides are that it's kinda complex and a lot to read though. New comers to crypto already have enough on their plate. Jan 1 2018: 39.55 April 1 2018: 58.86 Steem Cool idea. I don't think its going away. At the same time I wouldn't buy this unless you like using the platform Jan 1 2018: 1.02 April 1 2018: 3.31 Augur /Gnosis cool ideas. I see more competition coming for them. The draft kings and predictit markets are already huge. it's just a matter of showing the base how to use the platform Jan 1 2018: 21.05 April 1 2018: 38.07 Jan 1 2018: 75.33 April 1 2018: 80.60 Binance I think this will pop up. Binance already has some of the lowest fees and BNB is functional already. Jan 1 2018: 4.22 April 1 2018: 8.64 *Vertcoin/Grostle * I think people think because it's asic resistant it's more decentralized, but I think that's only is true in early stages. If it catches on people will figure how to rig many GPUs together and mine that way. I think they will be pumped and dumped again. I think they are the new DGB VTC: Jan 1 2018: 8.94 April 1 2018: 10.20 Populous/tenx Haven't looked into it enough but have heard good things Salt I think Salt is a great. I think they might face more competition later, but if they can be stable and reliable, people will use their services and the price will keep going up. Jan 1 2018: 5.44 April 1 2018: 10.91 Golem Big gamble. One coin that has tremendous upside(10x) but could also fade into obscurity. It faces a lot of competition but it seems like given it's niche function it has a strong following. The Devs for this I think are good. This is a very ambitious project. Who knows maybe 1 day a super AI will run on it. Jan 1 2018: .34 April 1 2018: .81 Factom/Civic Great ideas. I really hope one of them becomes widely accepted/adopted. FCT Jan 1 2018: 22.47 April 1 2018: 10.87 BAT Another great idea. I hope it does well. I like trying out new browsers Sia/Storage I think these could moon but you will have to wait a while. I like Sia a bit better. Sia > 1 dollar 2019 ZEN/VERG/ZCOIN Great on privacy. I'm not as big on POW and I think MONERO might have too much of a head start but these coins are unique. It's still early for any of them to become top dog Byteballs cool Idea. I like IOTA better. Raiblocks might be better than both. but they are small and not on many exchanges. And as you can tell from the quality of this post I am too lazy to sign up for some new exchange right now. Why so Bullish? You already know Where should ppl put money? Banks... almost no interest. If they raise interest rates they could crash the market. Either way $ will be printed in mass. Bonds..... terrible rates give me a break Stocks..... Market will probably go up but could crash any time. Not as liquid as crypto (I can't buy a computer with stock on robinhood). The whole point of stocks used to be owning a part of a company and having a say. That part of the value of a stock is long gone and diluted with these mega corps and everyone just hopes for capital gains. We all know where to go for gains. gold/silver... maybe. Crypto... Sky is the limit. It will soak up all the money that people hide, new money from the young kids in tech sectors, old money who want to pass crypos to their kids, and any sector that see's the benefit of it. Best of luck to everyone out there.
Here’s a list of coins that have or will have Lightning Network this year according to the coin’s roadmap. I also outlined some basic stats. I couldn’t find a list of all the Lightning Network coins anywhere, so I decided to create one. Let me know if I’ve missed coins in the comments and I will make an update. Source: Coingecko.com, coinmarketcap.com and specific coin websites sited beneath each coin. Current price and rankings are as of earlier today, 7-16-18. BITCOIN
Purpose: Decentralized Peer to Peer payment
CMC Ranking: 1
Coingecko Ranking: 1
Current Price: $6650
Genesis Date: January 3rd, 2009
Purpose: Similar to Bitcoin, but 84,000,000
CMC Ranking: 6
Coingecko Ranking: 6
Current Price: $82.30
Genesis Date: October 08, 2011
Several exchanges; Coinbase, Abra, Binance, Bittrex, and more
Purpose: Similar to Litecoin, but ASIC Resistant/Fair Mining “People’s Coin”
Purpose: Privacy. Like Bitcoin, but fork of ZCash and Bitcoin. Said to have the most secure privacy features
CMC Ranking: 67
Coingecko.com Ranking: 82
Current Price: 7.91
Genesis Date: March 03, 2018
Exchanges: Currently HITBTC, Tradesatoshi
Purpose: Transferring assets from one holder to another
CMC Ranking: 324
Coingecko.com Ranking: 131
Found: March, 20th 2018
Genesis Date: $0.073665
Exchanges: Cryptobridge, TradeOrge, IDCM
Purpose: similar to bitcoin, said to roll out privacy features
CMC Rank: 34
Coingecko Ranking: 30
Genesis Date: February 08, 2016
Exchanges: Upbit, Bittrex, Poloniex
Other Coins added from comments with Lightning Network pipeline:
From comments: (thank you soldat-iop) CHIPS: • Lightning Network enabled • Microtransactions – used for betting or any other micro-transaction application • Will be used widely in betting platforms within the Komodo Ecosystem • Will be the only currency supported in Komodo Platform’s Pangea Poker • Can be integrated into any other gaming system such as online casinos, betting, or incentivized gaming of any type • Supply: 21,000,000 • Proof of Work phase • 10 second block time • Exchanges: CoinExchange, BarterDEX via atomic swaps. • Wallet: Agama
I finally figured out how to file my taxes with crypto gains. Using multiple exchanges, Cointracking.info, and Turbotax.
I spent a lot of time gaining information on Reddit so I figured I'd give back by summarizing how I filed my (U.S.) taxes in what I believe was the correct manner. Real quick, I used Cointracking.info (can also use Bitcoin.tax) to calculate my gains/losses using FIFO and generate my tax reports. I filed using the Deluxe desktop version of Turbotax so I can upload my reports. NO I DID NOT HAVE TO MANUALLY ENTER EACH TRANSACTION! But you have to get the CD/Downloaded version of Turbotax. There is no web version that allows you to upload your reports...and don't worry, after calling to confirm this with Turbotax I let them have it. Also, I am not being paid or providing referrals to any of these sites/programs....they worked for me so I figured I'd share for free. I am not a tax or accountant professional so take the following with a grain of salt.... First things first, you have to figure out your "realized" crypto gains. I'm not going to go into detail here as many will ignore the truth that converting from one crypto to another is considered a taxable event. You're an adult, you make your own decisions but honestly I was surprised at how little of my crypto was considered realized once I ran all my numbers. Since I've started crypto, I've used a couple different exchanges and Shapeshift (will never use again after this whole ordeal). Cointracking.info gives instructions on how to import your trades from all the major exchanges. (WARNING: pay attention to the timezones; Coinbase for example shows you the time of transaction in your timezone when you're viewing the site but once you download the data it will switch to Pacific Time, Binance will be in UTC time...etc.) If you don't have the time correct then your FIFO calculations and Short/Long term gains can be off. Shapeshift or any other non-exchange activity can be uploaded using excel or you can manually add individual transactions. Don't forget to review the transactions once you think you have every thing into your coin tracking site as the super nerds who created the algorithms aren't always correct. Ask your self questions like "did I really make a trade at 3:00 am on a work-night" or "does my final balance match what I actually have in my wallets". Once you have all your transactions completed you can download the Form 8949, (keep this for your records in case you're ever audited or more information is requested) and a Turbotax specific file called Capital Gains Report. File your taxes on the DESKTOP version of Turbotax as you normally would. When it asks about income there is a place you can go to upload documents. Upload the Capital Gains Report provided. Turbotax is smart enough to recognize and auto populate all ~75 trades that I had onto a 1099-B. Again, NOT A PROFESSIONAL, I heard something about mailing in your Schedule D/8949 but everything seems to be reported correctly on the 1099-B so this does not appear to be necessary. And that was it! I live in North Carolina and I did not see anywhere where I needed to report any of this information for the state form. If you don't want to believe a stranger on Reddit then you can get the desktop version of the Premier Turbotax which comes with the ability to get free CPA help over the phone. Or you go to your tax professional and have him/her do your taxes but they'll need the Form 8949 provided to you by your coin tracking site. I tried posting this to cryptocurrency but apparently I'm not cool enough to post there and help people out. Vertcoin was the first community I followed when I first got into alt coins so you get my love first. Feel free to let me know if I'm an idiot in the comments as again, I am not a tax professional nor an accountant, just a guy who likes to DIY and learn how/why taxes work to save some money.
2 main things you hate and love about each currency you have invested in?
Bitcoin I hate: - fees - lack of asic resistance I love: - origin of creation - brand recognition - that people in opresive goverments can avoid being robed to death, its like 2nd amendment for the whole world Ethereum I hate: - ICO wildwest - usage of Soldity programming language I love: - paradoxically ICO wildwest - personality of Vitalik Buterin Bitcoin Cash I hate: - distribution of wealth, especially that China own everything - website I love: - sticking to a simplicity in design of bitcoin whitepaper - fees compared to bitcoin Litecoin I hate: - asic mining - that top 100 addresses own 50% of wealth, and can manipulate price I love: - how flawless it works - how easy is to purchase for fiat, so I can avoid any fees Monero I hate: - mining profitability compared to ETH+ decred - that I can’t purchase it for fiat I love: - privacy - superiority in usage to any other currency I know NEO/Antshares I hate: - that I didn’t invest way earlier because of such stupid reason as design and name of the coin - that I still don’t understand the project in 100% I love: - how much money I made on this coin - team behind the coin Ethereum classic I hate: - lack of clear instrutions on website, how to operate - circumstances in creation of coin I love: - that this coin exist, so Ethereum will not fail even if PoS will be a bad idea - circumstances in creation of coin Factom I hate: - that I couldn’t understood the tech behind it - exclusive aim into corporation I love: - that they may make systems more honest - that factom and such projects, makes goverments look more warm into cryptoworld and blockchain Siacoin I hate: - that they decided to make asic in near future(obelisk) - few people actually use it to store data I love: - how cheap they offer their products - it is the most obvious usage of blockchain, few have tried to develop vertcoin I hate: - development bounties are to low for me to invest my time into development - 100% of richest addresses own 57% of VTC I love: - warm community - 1 click miner Neblio I hate: - development team doesn’t look like powerhouse which could archive this goal - how slow they try to archive the goal I love: - potential this idea has, if this project will succeed NEO/antshares gains would seem small - how staking, wallet, website and stuff already works this early in development with such low marketcap BAT I hate: - how developers treat investors - lack of community vibe, while it’s a project based on community I love: - how competent in tech-wise developers are - how all this stuff works since mercury, and brave is the best android website broser district0x I hate: - how 20ish age old developers from central Europe pay themselves money that would be enough to live comfortable in Manhattan - how hype has fallen once it’s the most needed for this project to succeed I love: - the state of the art design - idea Binance coin I hate: - high withdrawals ammounts - withdrawals fees I love: - almost everything - how they allown community to vote for new coins
StrataMiner is ready for download. Feature-packed software package for controlling and monitoring any number of rigs.
StrataMiner is now released for beta testing. Looking for a few brave miners. Go to strataminer.com to learn and install. I'll be answering any questions here today. For technical support, please email me at [email protected]. Tell me what operating system you're on in the email message. Features Windows and Linux - Made for both. Client and Control Center don't need to be on the same OS either. Profit Switching - Flip the switch and you'll always be mining the best currency for each device. Any pool - StrataMiner works with any pool using a standard stratum protocol. Web Portal - Control your rigs from anywhere on the planet with an internet connection. 24 coins and counting - AEON, Bitcoin Gold, Denarius, Ethereum, Ethereum Classic, GoByte, Groestlcoin, HUSH, Komodo, LOKI, Monacoin, Monero, MusicCoin, Pirl, Quantum Resistant Ledger, Ravencoin, Trezarcoin, Ubiq, Verge, Vertcoin, Vivo, ZCash, ZClassic, Zen. More coming. Exchange address generation - StrataMiner can generate deposit addresses on your Cryptopia and Bittrex accounts. Once your crypto hits your exchange, you can easily exchange for 100s of others. More exchanges coming soon. One-click updates - No installers required for updates of mining core software. Stay up-to-date through Control Center with a single click. Community features - With pool sharing enabled, you become part of a community working to ensure pools are always available and trustworthy. This service is part of StrataMiner's commitment to decentralized mining. Hashrate verification - StrataMiner's proprietary Adaptive Proxy technology enables auditing of pool communications to verify that hashrate reports match share submission statistics. In other words, StrataMiner makes sure everybody is being honest. Familiar miner cores - Ethminer, Claymore Miner, CCMiner, EWBF, XMR-Stak Automatic network configuration - The Control Center and Client know how to find each other. Turn them on and go. Email notifications - Requires Gmail. Receive an email if something's not right. The messaging is still a little rudimentary. Low fees - 0.5% for development. Miner cores and pools may have additional fees. Earnings tracking - Earnings estimations are tracked over time. Earnings are recorded in both USD and crypto. Market data - Up to date market information for each currency, including market capitalization, price, and 24-hour change. Open source software - The Control Center is open-source and written in Python 3. See pystrata on github if you're interested in fiddling with the code. What you get for your fee New miners and algorithms - New stable miners will be incorporated based on community desire. Strataminer tracks algorithm changes and blockchain forks for you, so you'll always have working software, if available. New coins - Many can be added within hours of receiving a request. No software updates required. New features - The feature set will be improved based on community feedback. This is only the beginning. Technical support - Development fees enable StrataMiner to respond to issues and fix bugs quickly and continuously. StrataMiner API - New coin data, new mining software, and some market data come from the StrataMiner API. An obvious drawback is that you'll need an address for each currency that you want to mine. If you have Cryptopia and Bittrex accounts, you can use auto-generation to make addresses for all but 4 of the supported currencies (XMR, AEON, LOKI, QRL). I'll work on integrating Binance, CoinExchange, and HitBTC next. The Coinomi mobile wallet can also get you 16 of the 24 supported currencies. You'll need pretty fresh drivers, partly for StrataMiner and partly for the miner cores, i.e. Ethminer, ... I actually expect to ease up on StrataMiner's driver requirements a little, but you'll still want to keep fresh drivers for the mining software updates, as they come. On request, I've lowered the driver requirements for StrataMiner itself, but if you don't have the newest drivers, you may not be able to use Ethminer. You can still use Claymore for Ethash though. Minimum drivers are now >= 385.54 on Windows, >= 384.81 on Linux. StrataMiner is not affiliated with or sponsored by any exchange, any pool, any other website, or any other software vendor.
While I cannot prove this, my gut is telling me that the powers that be are making a concentrated effort to keep Vertcoin down. I wouldn't put it past Roger Ver and Jihan Wu to have a bullseye on Vertcoin as a main threat to their existence. They may have money into Binance that requiries Binance to have an exorbitant extortion fee for VTC to be listed. Secondly, for those in the know (from an investment industry perspective) Vertcoin represents the next Amazon.com. Never mind what Bitcoin is, that is going to rewrite history, but Vertcoin is as well. In fact, I personally think VTC is going to be THE coin to own/use in the future, but my personal opinion aside, what how the buying/selling volume behaves on Bittrex. The volume has a natural ebb and flow, to a point. Then the buy walls appear and disappear "at random". Random my arse. Someone, or group, is making sure they scoop up VTC at low prices and at the same time, preventing wider adoption from occuring by limiting the exposure of Vertcoin. But these forces will fail. We cannot be stopped. Vertcoin will not be stopped.
I’ve been researching privacy coins deeply and feel I’ve reached a sufficient findings to merit sharing my stance re SUMO.
By Taylor Margot. Everyone should read this! THE BASICS SUMOkoin is a fork of MONERO (XMR). XMR is a fork of Bytecoin. In my opinion, XMR is hands down the most undervalued coin in the top 15. Its hurdle is that people do not know how to price in privacy to the price of a coin yet. Once people figure out how to accurately assess the value privacy into the value of a coin, XMR, along with other privacy coins like SUMOkoin, will go parabolic. Let’s be clear about something. I am not here to argue SUMOkoin is superior to XMR. That’s not what this article is about and frankly is missing the point. I don’t find the SUMOkoin vs. XMR debate interesting. From where I stand, investing in SUMOkoin has nothing to do with SUMOkoin overtaking XMR or who has superior tech. If anything, I think the merits of XMR underline the value of SUMOkoin. What I do find interesting is return on investment (“ROI”). Imagine SUMO was an upcoming ICO. But you knew ahead of time that they had a proven product-market fit and an awesome, blue chip code base. That’s basically what you have in SUMO. Most good ICOs raise over 20mil (meaning their starting market cap is $20 mil) but after that, it’s a crapshoot. Investing in SUMO is akin to getting ICO prices but with the amount of information associated with more established coins. Let me make one more thing clear. Investing is all about information. Specifically it’s about the information imbalance between current value and the quality of your information. SUMO is highly imbalanced. The fact of the matter is that if you are interested in getting the vision and product/market fit of a $6 billion market cap coin for $20 mil, you should keep reading. If you are interested in arguing about XMR vs. SUMOkoin, I point you to this infographic Background I’m a corporate tech & IP lawyer in Silicon Valley. My practice focuses on venture capital (“VC)”) and mergers & acquisitions (“M&A”). Recently I have begun doing more IP strategy. Basically I spend all day every day reviewing cap tables, stock purchase agreements, merger agreements and patent portfolios. I’m also the CEO of a startup (Scry Chat) and have a team of three full-time engineers. I started using BTC in 2014 in conjunction with Silk Road and TOR. I recently had a minor conniption when I discovered how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA at $0.50, ITC (IoT Chain) and SUMO. My crypto investing philosophy is based on betting long odds. In the words of Warren Buffet, consolidate to get rich, diversify to stay rich. Or as I like to say, nobody ever got rich diversifying. That being said I STRONGLY recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d rather strike out dozens of times to have a chance at hitting a 100x home run. This approach is probably born out of working with VCs in Silicon Valley who do the same only with companies, not coins. I view myself as an aggressive VC in the cryptosphere. The Number 1 thing I’ve taken away from venture law is that it pays to get in EARLY. Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares, they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share. My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen real estate. At the time of this writing, SUMO has a Marketcap of $18 million. That is 3/10,000th or 1/3333th. Let that sink in for a minute. BCH is a fork of BTC and it has the fourth largest market cap of all cryptos. Given it’s market cap, I am positive SUMO is the best value proposition in the Privacy Coin arena at the time of this writing. * ROI MERITS OF SUMOkoin So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off? 1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin. 2) Increased Privacy. Which brings us to point 2. SUMO is doing several things to increase privacy (see below). If Monero is the King of Privacy Coins, then SUMO is the Standard Bearer fighting on the front lines. Note: Monero does many of these too (though at the time of fork XMR could not). Don’t forget Monero is also 5.8 billion market cap to SUMO’s 18 million. a) RingCT. All transactions since genesis are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction). This passes the threshold to statistically resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh? Monero (3+1 mixins) is considering a community-wide fork to increase their minimum transactions to 6, 9, or 12. Not a bad market signal if you’re SUMOkoin eh? b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this. 3) Fungibility aka “Digital Cash” aka Broad Use Case. “Fungibility” gets thrown about a bunch but basically it means ‘how close is this coin to cash in terms of usage?’ SUMO is one of a few cryptos that can boast true fungibility — it acts just like physical cash i.e. other people can never trace where the money came from or how many coins were transferred. MONERO will never be able to boast this because it did not start as fungible. 4) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on product by putting together solid fundamentals like a great wallet and a dedicated mining app. Basically anyone can mine with the most intuitive GUI mining app out there. Google “Sumo Easy Miner” – run and mine. 5) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They have a GUI wallet plus those unlimited sub-addresses I mentioned above. Here’s the github if you’d like to review: https://github.com/sumoprojects/SumoGUIWallet The wallet really is one of the best I have seen (ENJIN’s will be better). Clear, intuitive, idiot proof (as possible). 6) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining. 7) Coin Emission Scheme. SUMO’s block reward changes every 6-months as the following “Camel” distribution schema (inspired by real-world mining production like of crude oil, coal, etc. that is often slow at first, then accelerated in before decline and depletion). MONERO lacks this schema and it is significant. Camel ensures that Sumokoin won’t be a short-lived phenomena. Specifically, since Sumo is proof-of-work, not all SUMO can be mined. If it were all mined, miners would no longer be properly incentivized to contribute to the network (unless transaction fees were raised, which is how Bitcoin plans on handling when all 21 million coins have been mined, which will go poorly given that people already complain about fees). A good emission scheme is vital to viability. Compare Camel and Monero’s scheme if you must: https://github.com/sumoprojects/sumokoin/blob/mastescripts/sumokoin_camel_emission_cal.cpp vs. https://monero.stackexchange.com/questions/242/how-was-the-monero-emission-curve-chosen/247. 8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have delivered ahead of schedule. If you’re an engineer or have managed CS projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren’t bailing out with a pump and dump. The dev team is based in Japan. 9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto. 10) Absent from Major Exchanges. Thank god. ALL of my best investments have happened off Binance, Bittrex, Polo, GDAX, etc. Why? Because by the time a coin hits a major exchange you’re already too late. Your TOI is fucked. You’re no longer a savant. SUMO is on Cryptopia, the best jenky exchange. 11) Marketing. Which brings me to my final point – and it happens to be a weakness. SUMO has not focused on marketing. They’ve instead gathered together tech speaks for itself (or rather doesn’t). So what SUMO needs a community effort to distribute facts about SUMO’s value prop to the masses. A good example is Vert Coin. Their team is very good at disseminating information. I’m not talking about hyping a coin; I’m talking about how effectively can you spread facts about your product to the masses. To get mainstream SUMO needs something like this VertCoin post: https://np.reddit.com/vertcoin/comments/7ixkbf/vertbase_a_vertcoin_to_usd_exchange/ MARKET CAP DISCUSSION For a coin with using Monero’s tech, 20 million is minuscule. For any coin 20 mil is nothing. Some MC comparisons [as of Jan 2, 2017]:
SUMO: 18 million
ENJIN: 150 million (9x)
Enigma: 465 million (26x)
REQ: 500 million (28x)
POWR: 500 million (28x)
Monero: 5.8 billion (mental maths iz hard)
Let’s talk about market cap (“MC”) for a minute. It gets tossed around a lot but I don’t think people appreciate how important getting in as early as possible can be. Say you buy $1000 of SUMO at 20 mil MC. Things go well and 40 million new money gets poured into SUMO. Now the MC = 60 million. Your ROI is 200% (you invested $1,000 and now you have 3,000, netting 2,000). Now let’s says say you bought at 40 million instead of 20 million. $20 mill gets poured in until the MC again reaches 60 mil. Your ROI is 50% (you put in $1,000, you now have 1,500, netting 500). Remember: investing at 20 mil MC vs. 40 mil MC represents an EXTREMELY subtle shift in time of investment (“TOI”). But the difference in net profit is dramatic. the biggest factor is that your ROI multiplier is locked in at your TOI — look at the difference in the above example. 200% ROI vs. 50% ROI. That’s huge. But the difference was only 20 mil — that’s 12 hours in the crypto world. I strongly believe SUMO can and will 25x in Q1 2018 (400m MC) and 50x by Q4 2018 reach. There is ample room for a tricked out Monero clone at 1 bil MC. That’s 50x. Guess how many coins have 500 mil market caps? 58 as of this writing. 58! Have many of these coins with about ~500 mil MC have you heard of? MaidSafeCoin? Status? Decred? Veritaseum? DRAGONCHAIN ARE YOU KIDDING ME THE ROLE OF PRIVACY I want to close with a brief discussion of privacy as it relates to fundamental rights and as to crypto. 2018 will be remembered as the Year of Privacy Coins. Privacy has always been at the core of crypto. This is no coincidence. “Privacy” is the word we have attached to the concept of possessing the freedom to do as you please within the law without explaining yourself to the government or financial institution. Discussing privacy from a financial perspective is difficult because it has very deep political significance. But that is precisely why it is so valuable. Privacy is the right of billions of people not to be surveilled. We live in a world where every single transaction you do through the majority financial system is recorded, analyzed and sold — and yet where the money goes is completely opaque. Our transactions are visible from the top, but we can’t see up. Privacy coins turn that upside down. Privacy is a human right. It is the guarantor of American constitutional freedom. It is the cornerstone of freedoms of expression, association, political speech and all our other freedoms for that matter. And privacy coins are at the root of that freedom. What the internet did for freedom of information, privacy coins will do for freedom of financial transactions. POST SCRIPT: AN ENGINEER’S PERSPECTIVE Recently a well respected engineer reached out to me and had this to say about SUMO. I thought I’d share. "I’m messaging you because I came at this from a different perspective. For reference, I started investing in Sumo back when it was around $0.5 per coin. My background is in CS and Computer Engineering. I currently research in CS. When I was looking for a coin to invest in, I approached it in a completely different way from what you described in your post, I first made a list of coins with market caps < 20m, and then I removed all the coins that didn’t have active communities. Next, because of my background, I read through the code for each of the remaining coins, and picked the coins which had both frequent commits to GitHub (proving dev activity), and while more subjective, code that was well written. Sumo had both active devs, and (very) well written code. I could tell that the people behind this knew what they were doing, and so I invested. I say all of this, because I find it interesting how we seem to have very different strategies for selecting ‘winners’ but yet we both ended up finding Sumo." — Legal Disclaimer: THIS POST AND ANY SUBSEQUENT STATEMENTS BY THE AUTHOR DO NOT CONSTITUTE LEGAL OR FINANCIAL ADVICE AND IS NOT INTENDED TO BE LEGAL OR FINANCIAL ADVICE OR RELIED UPON. NO REFERENCES TO THIS POST SHALL BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. THIS POST REPRESENTS THE LONE OPINION OF A NON-SOPHISTICATED INVESTOR.
What are the chances of Vertcoin on Coinbase 2018? (And no I'm not crazy)
I'm not trying to start any rumours but thought you guys might like to offer your input on the idea of Vtc being listed on coinbase. It is widely anticipated that coinbase will add additional currencies this year and whilst everyone is looking at Ripple, Monera, Dash and Neo, etc I'm wondering if Vtc might be an outside bet. Why? Many reasons. 1. Vtc fits all the Coinbase currency requirements: Decentralisation, differing technology (asic resistance), no pre-mine, etc. 2. Vtc mentioned 10 exchange listings in 2018. They also mentioned NDAs are in place when discussing exchanges. Surely they would only mention this for big exchanges. Binance and Bitfinex are the other obvious alternatives of course. 3. Vertbase and Vertpig. Now I know these are startups and won't truly be competitors to the mighty Coinbase but maybe they are aware of the projects and just maybe they see the idea of Vertcoin-based fiat gateways as a threat. How do you deal with a threat? Squash the idea before it gets out of hand. 4. Legacy: Vertcoin is really old by altcoin standards. It has lasted this long and if we're honest, is probably closer to Satoshi's Bitcoin whitepaper than Bitcoin is today. So that's what I've got. Do I present a good case or am I in dreamland :-)
Community Question: Can we ask the dev team to use the exchange funds to get listed on more POS terminals?
This is JUST A QUESTION. Can we ask the dev team to use the exchange funds to get us listed in more point of sale terminal software? Check this out - https://coingate.com/bitcoin-pos One major gap - they do not currently support Vertcoin. I think we should be spending funds on getting added to tools like these instead of chasing things like Binance. Again, just a question if we could use the exchange funds for this purpose. I donated to the exchange fund and would be happy to see it go to uses like this.
Looking at all the posts on collecting money to list on Binance, Cryptopia et al, vs other saying it needs marketing for awareness vs others saying it need to be on Coinbase so you can buy directly with fiat..... My thoughts are...everyone is right. In priority order I think:- 1) Easy entry - a method to easily exchange with Fiat would be a killer feat. Imagine what Coinbase should be, but for Vertcoin. You can buy and sell Vertcoin against the three major currencies, USD, GBP and EUR. 2) Marketing - if 1) was in place (could Vertbase achieve this?) then how muh does it cost to get a TV advert going? That would be huge awareness with the tool available to enteexit 3) Exchanges - if 1) and 2) could be achieved then there would be no need to pay for listing, awareness and involvement could be the catalyst to the exchanges coming to the Dev team for inclusion. So, with decentralisation in mind each of these would need to be owned by everyone, so could the crowd funding idea actually fund each of these as Vertcoin community projects,, 1 goal at at time? NB I don't like the name Vertbase, it just sounds like a cheap copy of Coinbase. Somethung like CryptoBank or something along those lines woukd hit Joe Bloggs and also allow inclusion of other coins if deemed appropriate. Oh, and as much as I like 'The Peoples Coin', Bitcoin awareness needs to be capitalised on and draw attention to how Vertcoin fixes the main issues with Bitcoin, so something like 'Vertcoin, the coin that Bitcoin should have been' actually makes it sound like the upgrade it truly is. I'm interested in thoughts on this. Does it sound reasonable or am I rambling.
Of the top 50 (or 100) coins, which should be avoided?
I'm talking investment wise, or technology wise. Perhaps they are scams, unreliable teams, or plain meme-based. Although this might be subjective, I'm hoping to get a generalization of the community's opinion. For reference, the top 50 coins currently on coinmarketcap by market cap:
Bitcoin Cash (BCH)
Bitcoin Gold (BTG)
Ethereum Classic (ETC)
Binance Coin (BNB)
Byteball Bytes (GBYTE)
Edit: I have striked out the ones I think should be avoided.
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