/biz/ - Business & Finance

>>7746076

Right I'm comparing it to LN not in the size of its scope, but in the likelihood of it realising it's ambitions, i.e. very little to none.

>>7745980

Send me whatever discord link you have here: a7d8bt+1uj02miq3tozw@sharklasers.com

I'm actually curious to see what an 'almighty' group you have, full of finance 'insiders' like me.

>>7745938

I would never endorse a coin that had a private sale, flash sales on the other hand, would be totally kosher.

>>7745531
It's down 15% in sats since this thread started, additionally I never said it'd go down in price, only delusional liars claim to predict price movements over short timeframes without direct inside knowledge. Either way it's trash and will go down eventually.

>>7745498

A protocol is not an exchange, from my understand interledger is almost as ambitious as LN, since it wants to be able to allow for interchain transactions. It will be interesting if it works out but it doesn't really affect any of the aspects of blockchain I'm particularly interested in.

>>7745462

Because, the implication I believe, is that AXA is legitimate and the other ones were placeholders.

>>7745478

Hasn't started yet. No more questions about this new exchange, you should decide to buy it because you like it, not because I shilled it. Read the team and the WP.

>>7745272

>10% to 'angel investors'

Pure cancer. Not to mention a very sketchy roadmap:

Q2-Q4:
Beta version of the exchange online (Q2)
BACE tokens are tradeable (Q2)
The Final version of the exchange is online
International banking partnerships
First ICO's listed on BACE

So the formatting isn't very professional, grouping Q2-Q4 in a roadmap makes it seem vague, that's a huge window. What international bank partnerships? Sounds like an easy promise to back out of, and First ICO's listed, don't estimate WHEN an ICO will be listed if you don't have one in mind. Simply state when the platform launches.

Bace is a joke, do better research, even the little things I pointed out can spell trouble for an ICO.

>>7745145

It would not be unreasonable, if I were to use an analogy then imagine a hostage hand off, the exchanges are handing off BTC for a suitcase full of money, and the institutions are about to make her their slave. During this very high tensity situation it could very well happen that bullets start flying and she gets injured, but they definitely won't let her die.

I'm going to actually stop drinking now haha.

>>7743929

If you have I am more fucked. I have 30% of all my crypto in it, but honestly spend a day in telegram listening to the CEOs voice messages, and you should feel comfy. But I don't think it will moon as hard as BNB or KCS, because the market is changing, I do think we will profit though.

>>7743755

All good, I consider them bluechips, but DEX's have many hurdles to face. Serious investors want not just speed, but Fiat pairings and margin lending, unless serious scalability comes to Ethereum as a whole and these DEXs find way to produce receipts, then traditional exchanges will actually generate more revenue. Given they are regulation friendly and transparent. In fact there's one such exchange I recommend DYOR, it's in ICO phase now but unsold tokens get burned. I don't normally shill coins, but just DYOR.

>>7743637

Not at all, consider that liquidity is the top concern, no privacy/fungibility coin will EVER have enough liquidity to handle big corrupt money, by some estimates Russians have hundreds of billions of dirty money. However they are already using fronts and firms to launder this money in *barely* (key word) legal ways, one of these ways is Art. Art is huge for money laundering, what bitcoin will enough is an additional settlement layer and added liquidity for the entry nodes of these firms.

E.g. Boris buys painting for 50 million via his totally legitimate chum and baron Francis May, (their kids study at Eton together) this takes a long time because the auctions have to be arranged, the painting must be inspected for forgery etc. Instead this private equity firm that used to simply acquire Art for it's collectors will instead hold bitcoins as a more liquid readily available asset. The booking keeping will still show money in, Art out, but in the meantime those bitcoins will act as liquidity whilst still being kosher.

This is one of MANY ways to circumvent sanctions using bitcoin. Another is monero as a tumbling cloud, foreign business as shell companies, etc. Only drug dealers are going to find fungibility a must.

>>7741394

To be honest I don't really know much about the asian markets, I understand these coins can rise very rapidly due to the asian market hype, but I can't confidently speak about them. ICX and VEN I sort of can just through excessive exposure, but then when you stray into NULS and MAN I start to lose confidence in my opinion.

>>7741094

This is correct.

>>7741174

This is also a correct.

>>7741030

NULS is ok, there are far better alternatives to COSS if you DYOR.

>>7740785

You can't prove a negative

>>7740800

I have a good stack I won't be buying or selling for awhile. Depends on how the market goes etc. Too many variables to tell you now.

>>7740665

I am not selling, simply because whenever I think I know what's going to happen exactly, the market finds a way to surprise me. I am financial extremely secure so I can afford to wait, hence I can't say what I'd do because I simply take up positions for the long term.

>>7740598

Can't reveal either detail, but it is not an insignificant amount and it will probably be in colf storage for awhile. It is someone in finance buying.

>>7740407

Yes, however we don't know what various exchanges and government stances will be on bitcoin that originates from an anonymous XMR transaction. No one will be able to track the route of your BTC, but exchanges could simply refuse to cash out all anonymous bitcoins. Although this scenario is extremely unlikely and it very much defcon 1.

>>7740297

It is a meme, it could be profitable, but long term the sector will most likely be dominated by giant gambling corporations using proprietary software. Ironically I think decentralisation is almost less important for gambling agencies since gamblers are not especially risk averse. In other words your average gambler isn't going to want to make sure that his bets are secured and provably fair. The gambling 'market' is 60 billion USD but it's predominantly driven by the most uneducated type of person you can imagine.

Proprietary software makes more sense from a network congestion/maintenance standpoint as well.

>>7740315

Not all forks are created equal, if bitcoin IS replace it will be with a fork, that doesn't mean Bitcoin God > Litecoin.

>>7740244

XMR should be treated like a massive decentralised 'tumbler' for bitcoins. It's undervalued as such and has room to grow, but it's basic use case is mostly going to be to 'anonymize' bitcoins from DNMs.

>>7739743

Best way to distribute coins, bar slowly releasing them over 5 years under the radar. The market cap of BTC didn't even hit 1BN until 2012/2013 (IIRC), you're never going to recreate that perfect storm which is why it's tragic in a way that Satoshi never left behind a resolution around blocksize. But any way you slice it, no coin will ever be trusted like BTC, no coin will ever have had the trial by fire. You see when you look at Raiblocks you look at it like 'hmm well maybe I'll throw in 100k and it'll 5x!' it's an investment, but you gotta think of the endgame, do you ever see someone like Gaddafi entrusting his illicit fortune (200BN according to some estimates) to Raiblocks? It's never gonna happen, and because the endgame can't happen, the well is already poisoned and everyone in the game is always looking for an out. It then becomes a feedback loop of booms and busts, much more so than any tradition asset or even BTC.

>>7739409

Trash, try to exit at a good price since it might still go up but the notion of 'tokenizing' assets reveals a great deal of ignorance regarding effective use cases for cryptographically secured tokens. There is no real utility to using tokens to control an asset vs using bonds or legal instruments, tokenisation works better for data assetisation, like LINK aims to do for API networks.

>>7739425
Because a cryptographic currency is essentially a fiat currency, which is a currency built on trust, the only currency people will ever trust is Bitcoin because ever since Bitcoin hit 1 USD, no one has been able to find a way to distribute a competitor in a trustworthy, safe, and random way. Therefore every currency that will ever launch that is not BTC or a BTC fork is compromised from day 1.
Ripple: centralised printing press, Raiblocks: 'muh captcha!', and so on. Just about any new blockchain that gets minted going forward will be jumped on and dissected by Chinese speculators armed with ASICs and GPU farms trying to get a controlling stake. We as a society really only had ONE shot at a true decentralised fiat currency, and that is bitcoin, blockstream might kill it, but Raiblocks and Ripple are basically just encrypted SMS messages at this point. I.e. DOA.

>>7739089

Complex question, basically no one knows the future but I wouldn't worry about anything further than 2021, at least not when investing in rapidly evolving tech. Keep your eyes on that mid-game, 1-3 years.

>>7739107

Genuinely really like Skycoin, I can't advise anyone to buy it but I have like 1k lying around generating coinhours. I like synth more than your average dev.

>>7738550

This is honestly the last one I'm linking:

https://www.ingwb.com/media/1609652/banking-on-blockchain.pdf

Page 4:

The paper also flags a number of prerequisites for blockchain to fulfil its potential
in financial services – and beyond. Key among these is achieving a standard way
of implementing the technology. A shared ledgering technology that can provide a
consistent view across the broad business network needs a standard way of transferring
ledger data. Organisations will participate in multiple ledgers – an FX network, a bond
network, et cetera. Just as the internet and intranets share the same technology, so the
blockchain proposition needs interoperability to function.

>Organisations will participate in multiple ledgers – an FX network, a bond
network, et cetera. Just as the internet and intranets share the same technology, so the
blockchain proposition needs interoperability to function.

>>7738475

Use keywords to narrow down the pile. You didn't think 'DYOR' just meant reading a single whitepaper?

>>7738297

See: ID. No imposter in this thread.

>>7738267

Make a disposable email account and I'll message you, I won't divest any personal details but maybe you run in the same financial circles, who knows. I won't do an email til tomorrow though because I'm barely managing to stay away right now.

>>7738279

Covered in past threads.

>>7738425

I don't know, I'm not the oracle of delphi, I don't actually predict so much as reveal insider knowledge, I don't know of anyone selling post conference but there are plenty of pump and dump groups who could be riding LINK so it's anyone's bet. Although it won't dump anywhere near as hard as SIBOS, markets don't tend to repeat exactly.