/biz/ - Business & Finance

https://cnbc.com/2018/09/10/winklevoss-firm-rolls-out-new-cryptocoin-pegged-to-us-dollar.html

>>11029805

>>11029805
It's also FDIC insured per account.

I can't wait for the glorious day of the flippening. I know it's potentially years away, but I already know it's going to be one of the best days of my life. Ecstasy from being filthy rich, feelings of power for predicting it years before and correctly acting on it, and on top of it schadenfreude from tears of bitcoin maximalists.

Yes idiots give us your US dollars and take our gemini dollars

Who cares if they back another tether? How will this help eth itself?

>>11029896
doesnt matter, the winklejews are going to pump eth price sky high

>>11029907
its tether 2.0 except its going to pump eth into the thousands.

>>11029920

Tether was not FDIC insured iirc I believe this is as secure as your money in the bank up to $250k per account

>>11029907
It's not another tether, it's FDIC insured. It's literally like a bank account. If gemini folds you are going to send your erc20 dollars to FDIC smart contract along with your bank account number to get dollars back. That's so fucking cyberpunk.

What this means is that now every token on ethereum has an automatic USD pair on any DEX. This makes centralized exchanges obsolete for ethereum and any token. It's going to be exactly like trading directly from your bank account.
Good DEXes are coming very soon.

This gives ethereum an absolute monopoly on all tokens, ico or not. Everyone wants a usd pair.

>adding a stable coin to a 14 tps network
why

>>11029978
https://blog.stellarx.com/the-great-filter-why-you-shouldnt-ico-on-ethereum/

>look at all these transactions
>oh they are all for shitcoins
oh ok

>>11029805
You know, you are right. Im buying nothing but ether from here on out.

>>11030013
Because its already got a full proof of stake testnet that the plebs on here don't know about (yet).

https://twitter.com/raulitojordan/status/1029851668760940544

>>11029978
>94%
Thats funny. Yesterday I pulled 95% out of my ass, was off by 1%.

>>11030013
it takes less than 20 minutes to confirm most eth transactions...how long does it take for an ACH to clear, or a credit card swipe to finish processing, or a check to finish depositing?

>>11030051
Unironically this.

>>11030051
we dont need eth to do that; DLT does that just fine sweetie.

>>11030051
MICROSOFT COCO 100X FASTER.

>>11030180
>>11030203
2 people worth 1.3 billion dollars in cryptocurrency alone seem to think that ethereum is worth investing in and building on. stay poor you mongs

>>11030253
nice cope.

>>11030312
i dont even hold any ethereum

>>11030312
What other cryptocurrency network honestly has more going for it than ETH right now?

The big players are already building on it and launching products on mainnet.

Many fail to realise that Ethereum is becoming the global digital asset registry for everything financial related.

>>11030330
i wouldnt either, its going to zero. it touches nothing in the real world and does nothing we need in the real world.

>>11030336
I guess you're in for quite the suprise then.

t. working in the industry

>>11030334
>the global digital asset registry for everything financial related.

umm sweetie, i think you need to read this. this is live and has been going for 4 years and is now on stellar.a
https://medium.com/interstellar/announcing-interstellar-24ff0bc2d89c

>>11029805
stable coins are flawed until you solve the oracle problem. What people are doing is sticking 10MM USD in the bank and then printing 10MM Gemini Dollars and saying it’s “backed”. This is an issue in the space as a 3rd party is 100% in control again and contradictory to theory of decentralization, making it pointless.

MKR has their own oracles. Now idk if Gemini has plans to implement their own oracles similar to MKR but the thing is I’m not sure if there solutions are even adequate.

>>11030336
i honestly dont think tyler and cameron are putting money in on something thats completely worthless.when you have the money they have, you generally want to keep it and build on it. lol

>>11030348
>launched today

This has been going for over a year and a half.

https://entethalliance.org/members-2/

pick one..I'm sorry but ETH has way more transactions happening on its network than XLM. We'll see if that changes, it remains to be seen.

>>11030348
>this is live and has been going for 4 years
>4 years
that's all everyone needs to know. 4 years of no demand.
>>11030349
US dollar is a token issued by the FED. It relies on trust in the US government.
Gemini has FDIC Insurance, which means trusting the US government.
The idea of a 'trustless dollar' makes no logical sense.

>>11030349
why are you saying "backed" when its FDIC insured. that means that its fucking backed. >>11030348
>linking to medium articles
>calling people sweetie
>thinks XLM is worth anything
fuck off edgelord reddit mong

>>11029805
Ill help you all delve into this rabbit hole, finally you niggers are seeing through this. Who are Vitaliks parents and what do they do?

>>11029805

Billionaire, handsome and extremely smart.

How do I attain this level of chadry?

I'm glad I have 434 ether

>>11030382
His dad is a software developer and his mother we know very little about. Go on. But save the larps for another day.

>>11030394
His mother is Natalia Ameline. Here's her Twitter: https://twitter.com/natalia_ameline?lang=en

She has red hair (photographed in all her Twitter photos).

She worked for major banks in the financial sector and other investment centers.

She now runs CryptoChicks

Yes, the father studied computer science, etc

>>11030384
you don't. There are no known ways to increase intelligence (stimulants only increase focus). You can try plastic surgery to look a little better but it's not super effective.
Winklevosses are an absolute genetic elite, better than almost everyone else. That's just how it is.

Vitalik's mother, Natalia

>>11030456
huh, heavy asian admixture

>>11030441
It all makes sense.

>>11030458
Yeah, Russians are European/Mongolian/other Asian/ etc I think. Not sure

if this is so great why is eth still low af

>>11029978
>>11029991
>>11029873
>>11029805
And i needs CHAINLINK to function

>>11030500
yes, clearly it's better to wait with buying for the next ath

>>11030508
lmao no

>>11030500
A bit long but bare with me.
>You know every detail of a cryptocurrency
>Insider trading doesn't apply (yet)
>It drops 50%
>You lose half your fortune
>It won't stop dropping because of BTC
>Transfer all major progress to behind-the-scenes
>Sell
>Fudd your own creation so it drops FASTER than BTC
>Buy
>Release everything you've been working on behind the scenes
>Sell again
It's commen sense when you look at it in reverse. He lost half his money in Eth, we know this as fact. It was going to keep going down. He used volatility and insider trading to make all of his money back in a bearish market.

>>11030558
If it involves smart contracts then lmao yes

>>11030526
They buy high and sell low,
we go low and and sell low,
but not before we buy low and hold high

>>11030366
>no demand
>VISA, NASDAQ, CITI
xDDDDDDDDDDDDDDDDDDDDDD

>>11030558
Lmao yes. if you cant see why im not gonna spoon feed you. imma just call you a retard and tell you to stay poor

>portfolio related

>>11030508
Oh Jesus Christ SPARE US your fucking homily and go to one of your containment threads

>>11030607
>portfolio this enormous
Post proofs, drop a 1,000,000 sell wall at $50 for ChainLink right now and I will all-in immediately.

>>11030607
lol such a fake portfolio

post proof of bitcoin wallet with timestamp or youre a pathetic larper

This sounds big. Why aren’t people talking about this and why isn’t that shitcoin eth doing anything

>>11030641
>Why aren’t people talking about this
we are people and we are talking about this
>why isn’t that shitcoin eth doing anything
because it fell so much everybody is afraid of catching yet another knife.

I just bought 15ETH (dcaing since october, silly me).

>>11030641
see >>11030564 and >>11030441
He needed a large amount of reliable money for multiple investing partners, but we're in a bear market, so he fuds his own project and moves development away from the spotlight. Sold and probably shorted it. Once he closes those shorts he'll have his partners release the major stuff so his mom's "girl power" firm can make billions and he can recoup his losses, even in a bear market, since he forced Eth to drop so much faster than BTC by "abandoning" it and stopping all visible progress on its problems, so it can grow back more easily and he can make all partners rich.

>>11030641
Indeed. Adding stable coin to a 14 transaction per second shitcoin that increases in costs is BIG.

>>11029805
Ids habedin next crash bros

>>11030632
>>11030637
just look at the file name you people are retarded
>inb4 he just edited the filename and time on phone and posts it right at this specific time to troll people

>>11030607
nice folio mate

>>11030610
No, This is why your poor

>>11030632
No

>>11030637
No

Anons. im on a anaymooose webfourm, why are you asking me to reveal who i am. Like, if your not retarted you CAN trace that....

>also 387btc is not ALOT, check your perspective

>>11030682
Just because the screenshot is real doesn’t mean the information he entered is real.

>>11030682
>implying he cant just fucking CHANGE THE BALANCE VALUES OMG

WHY WOULD ANYONE ACTUALLY WORTH 2 AND A HALF MILLION BE ON BIZ

>>11030707
And own an android...

>>11030394
>>11030441
Essentially this. Not any adventurous larp here. Vitaliks intelligence is obviously there, but the dude was born to make something like eth and the drive definitely is there even if it doesnt show. You could make a larp by arguing these points, I guess. I'm looking into my theory that ethereum will be joining up with a a group of platforms working to achieve interoperability sometime soon, in order to protect the Ethereum name.

>>11030707
not everyone here shits on a street you dumb truck. you're the poor piece of shit who doesn't belong. remember that!

>>11030660
vitalik is too autistic for that level of kikery

ha state street is a joke. rehypotheticated nickle shows as a billion on 3 different sets of books. These jokers at state street didnt have even 100k$ available during the sept 15 2008 collapse, and they were/are a key player in global finance with less cash than most barmitzvah collection plates. State street is a joke

>>11030704
>>11030707
Because, ive always been on the chans forever.. forever..

I bet you didnt know that at one point it cost 200 bitcoins for a p-enigma im diablo 2 us west... fucked up shit man.

>>11030694
>retarted
Seriously stop attempting to derail this thread for your shitcoin, you have plenty of stink threads to choose from.

>>11030738
lol

people who have real money dont come to autistic forums. i am a poor piece of shit i only have 14k. im calling bullshit on his blockfolio larp because most of them are larps. theyre the equivalent of traps on this board only the idiots actually believe its a woman (or a real folio)

>>11030749
Why do you believe in LINK so much? How can something with so much potential be worth 25 cents? How come LINK didn't moon dramatically like other shitcoins in 2017?

>>11030707
You make it sound like that's a lot of money and he's set for life. Why couldn't someone who made money on bitcoin be on /biz/ why are you so autistic?

>>11030773
flush yourself down the street.

>>11030794
>>11030795

>>11030741
Who said he made the plan? Money is someone else's idea. He hired someone for that. They tell him he can do this thing, still make eth amazing, get free press, capitalists lose out, and he makes his money back.

>>11030807
if you weren't sooo busy beating your dick to traps two years ago you would be a millionaire too. he's still here for the same reasons we're all still here and why we'll be having the same conversations two years from now.

>>11030707
Where did this meme come from that literally every single person who uses 4chan is a poor virgin ugly incel?

I really don't understand this.

>>11030811
yeah youre probably right not buying bitcoin sub $100 was a massive oversight on my part but oh well

>>11030785
Link didn't advertise because it wasn't ready. It's an actual product. Every other coin has been a hype scam.

>>11030764
>>11030773
Not trying too. Just eating dinner and posting.. honestly. If eth staking a POW goes smooth/well/fast then yes. it will create value again. Right now its a OK buy... im not back in it right now, but i always keep a eye on it. ETH will be around if ur playing the long game. Then 200bucks is good target

>>11030785
Too many reasons to list without fucking up this thread, but out of all the shitcoins about 3 really focus on smartcontracts... plus. Just dyor if you dont have a small bag at this point your not a good investor.

>the crypto market is still tiny vs what they say

>>11030811
You also hold LINK?

>>11030818
Me, I told everyone.

>>11030828
Please for the love of God don't give retards who still don't have faith in Link any reason to buy in now. I am begging you.

>>11029873
What book is this?

>>11030828
You seem intelligent anon, besides link what other projects do you recommend investing in? ETH? XMR? BTC?

>>11030794
This.

You need 3.5 mil by age 70 if you spend 50k a year. Havent made it yet

>>11030811
Based

>>11030837
I do hold 30k link...do you think that's enough or should I shoot for 50k?

>>11030840
The Sovereign Individual: Mastering the Transition to the Information Age
By James Dale Davidson, Lord William Rees-Mogg

>>11030855
I can't answer this. This is something you need to answer for yourself, how much you can invest, what you want in life etc.

Judging by your digits seems you 55.

>>11030456
GIVE ME THE CODE NATALIA

>>11030880
I only have 13k atm, rollin

>>11030840
The Life and Times of Satoshi Nakamoto: A Star Wars Story

>>11029805
Billion...not trillion

>>11030933
Incorrect.

>>11030837
This thread will die in time

>>11030843
Truthflly right now i believe alot of shitcoins have to die and cash in eth or go under due to funding, coins that will live sold their eth in december.. and if they live no one says they will be sucessful.

Right now, blue chip is the way to go btc, eth forsure... zcash,xmr dash,ltc maybe. But i dont have much of them best to be in buttcoin right now, wait for a run and alts will follow.

But 100% honest to god, LINK if smartcontracts become enabled with working oracles. Then fuck. Kaboom.

>>11030807
If you think 2.5m is a lot of money and that ceiling is what separates someone from being on this website or not you're going anywhere, certainly not leaving this website by our logic.

>>11030985
I've been in on LINK already with 3.3k (was 6k) but now that I've seen how DOGE is 9x link's marketcap just because it's cheap and on RobinHood, god damn. If Link actually works a x1,000 isn't even hard to do anymore.

>>11030845
What kind of math is that? If someone who is 70 years old is spending 50k a year to live I will tell you right now they didn't make it and two if they lived 30 years too 100 which is generous that's only 1.5 million spent over 30 years. Spending 3.5 million over those 30 years would be 116,667 per year. Much better than 50k for sure, still wouldn't say it's made it status.

>>11030985
I think HOT would be a solid play too. Has a future for DAPP's while ETH can be for the financial and legal world.

>>11030855
Depends if you're patient enough and don't sell within the next 2-3 year. Within the next 5-7 years after smart contracts become more mainstream and companies like Salesforce use it, promote it and possibly want to buy it.

>>11030985
Is ETH really bluechip though? It can't scale, which makes it useless... what's the point of first mover advantage if it can't even scale.

>>11031021
Agreed, if they deliver it will be huge.. risk to reward is too great to not take the risk

>>11031051
No your right. I did my math as 50k a person and its just me and the fiance so i figured 50k each. But yeah its not maxe it status yet. I was dumb and didnt sell the entire stack in december because ive had it for SO long and always believed in this new system. Seeing it go from absoutly nothing to where it is today blinded me in hindsight. I did cash out a million after we peaked the rest ill let it ride. Bought a house, not at a good time in the market to do that but i wanted the place i bought so its worth it to me

>>11031058
Im not sure how to feel about holo. I dont have any. I think supply is too high that it will create mega whales and be able to supress the market for a long time. Im not not on the holotrain, i dont like the team that much honest to god and i dont think its really the nessecary

BTC will be the standard
ETH will be the platfourm
LINK will quite literally link everything else in

>>11031175
>BTC will be the standard
How is BTC going to the standard once it's not longer the biggest coin?

>>11031172
Issues will be solved in time, we are looking a few years out. We just got off a ATH for everything. Pedoskelly is dumb on finances for sure. But hes a smart dev .. once the spotlight gets off him for a while and he shuts the fuck up on twittr and goes back to work good things will happen. Right now hes just leverging his voice while its still relevent

>>11031102
I plan to cash out 2021...which is a year after the next bitcoin halvening. If you study history, there has always been a major bullrun the year after a bitcoin halvening.

>>11031201
Ok. Elaborate

>>11031175
I think you should look more into it. It has the best infastructure for dapps, specifically things that don't need global consensus. Social media apps, p2p businesses, and alot else.

I agree though on the rest, especially link since I'm a LINK whale. I used to have over your portfolio dollar amount but i didn't play the bear market so well :(

>>11031215
Bitcoin has no use except for a meme 'store of value' and requires billions annually to support its price due to PoW.
When ethereum switches to PoS it's annual running cost fall into a million at most. At some point later it gets sharding which allows for >1000x scaling.
How is bitcoin supposed to still be the first coin once that happens?

What's going to happen to the 'store of value' meme once bitcoin is 2 on the cmc?

>>11030456
>Vitalik's mother, Natalia

Honestly that's pretty cool that both his parents are trying to understand and learn what their son is doing. Wish I had a /comfy/ family like that desu.

>>11031255
Do you honestly think the ETH developers will be able to implement sharding? They seem very indecisive.

>>11031213
It will blow up in the 20's
People who have no faith in the market shouldn't be in crypto, it's low now but it will come back and stronger. Many wealthy people lost their fortunes during the great depression because they didn't have faith in America. Obviously this isn't about America, it's about the future of money and data, it's like investing in the internet in the 80's and 90's.

>>11031291
So I have until 2020 at the minimum to accumulate?

>>11031051
>what is compound interest

>>11031279
Their design is fundamentally sound, so it's going to get done eventually. The only question is time, the current timeline is 2021-2022, it's possible it gets delayed even more.
Fortunately sharding is partially disconnected from PoS. It looks like hybrid PoS is almost certain before end of 2020, with small possibility of before end of 2019. Technically the current design could be full PoS at once, so that's also possible.
The original hybrid casper plan called for reward reduction to 0.6ETH/block (from 3), which would mean 40% of bitcoin's inflation rate (before halving).

>>11031322
Interesting, ty for taking the time to explain the ETH situation to a brainlet like me...besides ETH and LINK what do you recommend investing in?

>>11030707
Bro Bitcoin has been shilled here for YEARS now. I remember seeing it as early as 2012. There’s definitely people here that have been in for a long time

>>11031348
I don't recommend investing in LINK, they own majority of tokens (always a bad sign), their reputation scheme is fundamentally vulnerable to sybil attack, tokenomics are a big enigma (see the pic).
In the long term I also like ZCash, it's the only truly anonymous coin, and they are getting upgrades that make it possible to generate anonymous transactions on smartphones (3GB ram required today -> 40MB required after the next hard fork)

>>11031229
Bear markets suck, but are nessecary ive never been great at calling shorts and wallets can be frozen by the exchange and pumped elsewhere. Best game is not to play imho.

My thing with dapps is this... and correct me if im wrong. but.. if im building a facebook or a p2pbizness and run it on a dapp its harder to change and upgrade said app since information is stores everywhere. I wouldnt choose that option. Its good to avoid censorship which is really i think its only use. but for a company they want to control their content competely, which is why i dont think it will be globally adopted: but! Will have use cases and its time as a buzzword.

Plus... why make a dapp for my biz when i can make a token, use LINK to communcate to other network tokens and exchange at whatever ratio it is worth ? Maybe im missing something.

>>11031255
Good point. But.. this falls back to the gold argument. We measure the market in btc currently, and if you asked me do i want 10eth, 10btc or 10$ id choose btc because of its known value. as eth rises btc will as well.. even if its slower.. btc wont be the dollar, it will be the gold in this situation

Over time, storage and electricity get cheaper as well. Btc team moves slow, btc have made good moves due to the fact they all must agree.. its better to overtalk a subject and have the same conclsuion then rush into a solution

>>11031255

it's gonna become 0xBTC HO HO HO HO

>>11031389
forgot pic
>>11031391
>it will be the gold in this situation
gold doesn't die when it gets cut out of electricity
>Over time, storage and electricity get cheaper as well.
this only means that hash power increases, if miners mine below block rewards it means they are profitable, if they are profitable new miners arrive until profit becomes small.

>>11031389
You fucking spider. May you get cancer of the asshole.

>>11029805
kek, can't wait for those idiots to realize ETH can't do the job and they switch to XLM

>>11030919
directed by michael bay
stick around for episode II: The Revenge of Bcash

>>11031389
Why do I get the feeling this whole post is not what it seems...

>>11031415
>>11031438
are you stinkies really so delusional that you think link is ideal and anyone not liking it is fudding to accumulate?

>>11031391
If there is an upgrade, you either upgrade or you don't and basically fork off into your own chain. You just have pay others to host the chain so if alot of people want the chain to exist then hosting will happen by paying the nodes to store/process the data. From my interpretation, it is similar to upgrade on apps currently where you just go to the app store and upgrade.

The agent centric approach is brilliant too because you can have some open source app you trust to store your personal data and just plug it in to any dapp and use without them ever having your personal info. That is the whole idea of agent centric vs data centric. HOLO is very sound in my opinion, or atleast the best yet, in running P2P applications because they do not need global consensus, therefore it is very very scalable. Also, the token is backed by a utility which is the computing power of the network.

I think ETH and LINK combo is the future of government/high end finance/ and the legal system. It is almost like HOT and ETH/LINK are two different ecosystems side by side. Every ecosystem has a counter balance competitor, but really they serve different purposes. HOT almost is like having your own personal server/cloud to the internet while eth is the global consensus system for all records

>>11031462
Cancer, all in and around....your asshole.

>>11031291
Good analogy

>>11031322
I agree this is exactly how i feel ETH future will unfold

>>11031389
Privacy coins are a solid investment, maybe not zcash or xmr but there will always be a coin around to move money for those who dont want you to see.

>>11031363
The LINK large stack is going to be sold direct to busniesses those who want to use the network. As much as they say its decentralized it wont be much at start a few large nodes will handle most of the traffic, and always will. Its a good move on their part because then the buyer of the token direct from them has no incentive to drop it back on the market and having it in reserve works as a mental barrier to keep the price low for the normie traders because they wont do the research to see why this is a thing. They thought this thru them controlling the tokens will let them sell for x cost , possibly lower then market value to get the network used and a simple contract will bar the company from market selling the tokens for à X years. thus price increases

>>11031462
hmmm

>>11029805
they will never approve a Bitcoin ETF.

>>11031414
If we run out of electricity guns. bullets and food are gonna be more valuable then anything lol

>>11031471
Alright, i get that. So you bascially have an address book so to say thats private for you but can be interlinked to the dapp/new network by a simple click, yet not fill entite fields with your data.... im gonna do some more research on HOLO, like i said earlier i never dug to deep. Kind of makes sense

smells like a bulltrap thread
this will not increase the price but may be keeping higher around 50$

the current price dent is due to less scam icos and less ether needed by them to fulfill their wishes
and also the previous ones are selling to cover costs

>>11031580
gold has value because it stores some value during collapse.
During peace it's a horrible way to store wealth, even government bonds are better.
Bitcoin has no properties that make it equal to gold. It's a meme written on sand.
>>11031590
>smells like a bulltrap thread
the general sentiment is extremely negative, this is only /biz/

>>11031580
Yes, you have a private/public key function similar to blockchain. It's like plug and play into apps but they store none of your data like they do today in the data centric model.

Also, things like social media apps, p2p apps like uber/air bnb/etc just don't need global consensus. Like it makes no sense to get global consensus on every tweet or facebook post. Also, why does a company like air bnb need global consensus to host their app and store data. It is a total waste of resources to fit everything through one hole/consensus. You can set parameters too like I want this man nodes to store a copy of my data and I want them in this location to comply with some regulatory requirements that require company data to be stored in your country.

The DHT model mesh networking model makes sense for computing p2p

>>11031389
>don't buy link because the devs have a lot of tokens
>buy zcash and trust that the devs didn't print themselves a billion coins during set up

>>11031599
Agreed, gold is more so insurance in a collapse and insurance costs money.

Bitcoin does have gold like properties. Mineable, finate and has value(thats why its at 6.3k)

But its biggest use case is simple... the future is digital. Period. Its easier to send btc across contients then it is to ship gold... its going to be used and already is being used, its not going to never not be used we are way toooo far past that stage. At somepoint it will stop going up and find its price. But by then we will both have been dead for a long time. the future is digital. Thats just progression

>>11031652
the new proving key was generated by 87 people, some publicly known and some not. ALL would have to cooperate to generate a backdoored key

>>11031655
Isn't the present already digital? Very few people still use paper money.

>>11031667
You don't think you could convince 86 other people to use an irl infinite money cheat code?

>>11031590
You're right. Also it's not clear whether this will even be adopted. Doesn't seem too useful imo.

>>11031299
I believe it will be 5-$10 come mid 2019 if not higher, depends if you have the funds to buy at that price. I have 30k, I want 50k by end October.

>>11031655
A person probably could find the true value of Bitcoin in a digital future.

Take the total world's wealth and divided by the number of Bitcoins. Now that would assume Bitcoin was the only store of value so you would want to take a percentage of the world's wealth, say 50% as an arbitrary percentage.

>>11031684
Yes, paper money has largely been abstracted. But the problem with fiat currency still remains - its centralized and inflationary. Also merchants get charged like 2% in fees for credit card transactions, and it's generally worse (and slow) if you're trying to send money abroad via wire.

>>11031701
You're talking about link right...

>>11031651
Kind of sounds like a new internet.
I could get behind that...

but what if data on a node that is not linked to the superhub gets compromised ? What then

is it lost forever ?
Annxed from the hive ?
Or rolles back to a earlier restore point ?

And whats to say when i have data Y on X node not connected to the hive.. then someone hijacks the data for their own use since its able to pop up here, dissapear from the mainhub. then it Pops up somewhere else

and that somewhere else is not you utilizing said data ? Does it then require your private key to confirm it was you?

>>11031696
Not really, the size of the conspiracy becomes too big.
https://z.cash.foundation/blog/conclusion-of-powers-of-tau/
some even filmed the whole process and destroyed laptops afterwards
There's no fully trustless solution that works. Monero's anonymity is a joke in comparison

>>11031696
see for example
https://twitter.com/hudsonjameson/status/931319257400598528 (that's a core ethereum dev)
https://twitter.com/zooko/status/975784252280360961

>>11031471
HOT and EOS are both solid
Been looking tin QASH lately, pic related
They also claim they will have a banking license by end of 2019.
ATH is like 2.25c or something, currently sitting at 20c

>>11031723
Who do you think LINK's market makers are? Do you think its price will be determined by BitMex?

>>11031723
Yes

>>11031684
Flase: strippers take dolla dolla bills

The present is very digital, now its a matter of making it more secure, blockchain fits that well. It will and is finding its place

>>11031704
Actually, its in bitcoins whitepaper. but i see your point, go take a look when you get a chance

>>11031717
Its dumb sometimes.. i have to pay 3$ at the atm to get my money. Ive had checks sit at the bank waiting to be triple verified for 9 days before they get cashed. Ive been charged 18 bucks before upon using a check to pay my mortgage. Someplaces dont even take card for less then 10bucks.. its just stupid and i see it more and more now a days..

Bitcoin wont solve that problem, but something based on btc system will, and it will probally have bitcoin as a backing value. Like how we had cold hard cash backed by gold.

>>11031730
I don't get what you mean by hive/superhub. Basically it works like a torrent sharing platform, where you what some data and you get bits and pieces of it from a all the nodes that are hosting it. Many nodes will have a copy of the same data just like on torrent sites. And if you want to store/share data, you pay for as many nodes as you want to hold it. I'm not an expert but this is how I understand it.

So your information is never in some superhub, but instead stored through the network of nodes with as many backups as you want. Also, the currency is not a token but a mutual credit system so for every debit there is a credit and therefor there is a healthy feedback loop within the system of paying for data processing and storage and hosting/storing data. The HOT token debits and credits accounts back and forth.

For updates, people using the app will likely upgrade, especially if they like the app team maintaining it. You could fork through but then you would have to get nodes to host the data and basically you are a new DHT (like a new torrent file)

Idk if I answered your question. I'm still learning myself

>>11031757
Yes. I am all in LINK, HOT, and QASH. Qash is going to become a bank and they were smart to recognize early that they need to build a DEX.

The Liquid Exchange is Coinbase/Binance/Bitmex/Idex all in one Exchange.

Coinbase- custodial services, fiat pairing, fully regulated

Binance- Altcoins (although needs to add quite a few)

Bitmex- Margin trading

IDEX- a coming DEX

This is really the beginning. They are going to be a major player for institutional money

>>11031697

yeah this is just another fixed price coin the only difference is that it is on the ethereum network
basically a token with backing

they want their creation this USDT copy called GEMINI DOLLAR to spread and to mainstream it

so the ethereum network would profit as much from this as the amount of extra load on the network would receive by that tokens transactions

>>11031783
Bitcoin won't be the solution for micropayments (and doesn't have to). There are other networks (like Ethereum with PoS or other dPoS chains) that can handle the transaction throughput necessary while still maintaining a degree of decentralization. We aren't exactly there yet but we will be within a year or two.

>>11031838
They call their token, "the future of money".

>>11031838
also its sad to see that the Tinky-Winky brothers are always one step behind

>>11031799
Sorry, i shoul have been more clear im on phone and workshit in my brain

Hive =network of nodes

Superhub= clearance /checking system (to make sure its a valid request by the party whos data it belongs too)
____

You answered it pretty well, that clears up alot. i see what they mean by building a community not a coin. the value of itself comes from it being used and expanded upon and upgraded. Makes sense, just need to get people to use their system. Thats a pretty interesting idea

You know more then me about holo thats forsure lol.

However, you talk about debit to credit. Is there anything in place to stop people from buying 10% of the supply and then if the network they build takes off essentially get shit on the network for free since they got in early ? I could see that being a issue, not a huge one, but still a issue.

Say for example i own 10% of the market, and for my uberdrive it was 10$ or equivelent holocash but i dropped all my holo back into bitcoin or ETH. Now how would the price react ? Does the rides value go down, making the service price go down as well to compensate ?

Wouldnt that diminish someone who held less holo then me purchasing power ? And undervalue said service Or ?

This is good news for 0xBitcoin. Ether really is a double digit shitcoin, only pure mined currencies deserve to be used for wealth storage and as mediums of exchange.

This is why hayes fudded. He wanted more

>>11031936
Well, if you bought 10% of the supply, once the mainnet goes live, those ERC20 tokens turn into HOLO Fuel for the network. You could use that HOLO Fuel to host your applications/store data but it's not free because you paid to buy the HOT ERC20 tokens before MainNet and you also have to pay for hosting by sending your HoloFuel to the nodes hosting your applications/data. So when you want someone to host your data, your account gets credited and the nodes that host your data gets debited. So nothing is for free.

Having your data processed and storing your data has a price that the market will set, so holding more tokens than others doesn't give you more access to the network than others like say Steemit when you get more voting power. You just have unused fuel basically that you have to use up.

>>11030878
From 1997?

Wow eth shills came crawling out of the woodwork today.
ICOs aren't done cashing out yet guys.

>>11032025
Gotcha, hmmm.. well.. imm lurk their shit somemore and see what else i can come up with. Thanks for explaining this shit ill defenitly keep it on my radar

Also, i have hopes for liquid as well if they get a greenlight that would be a huge boost for the entire market

With that ill say, goodnight nerds and goodluck see yall tommarow

>>11032025
Holy shit, holo-jeets are on suicide watch trying hard to get back above 20 fucking sats. Pro-tip: HOT is going to 9 says then 6.

>>11032117
The fact that you came into a good discussion thread to spout this pajeet breainlet tired bullshit shows how desperate you are to lower the price. Next time don't make it so obvious.

>>11031651
The project is still in a very early alpha and has a loooong way to go before accomplishing everything they claim to be able to do. The idea is pretty solid but not useful for anything that requires a high degree of trust. I'd wait to see at least a beta before going on about how it's muh dapp web 3.0 and all that shit when Ethereum is the only network with a 'mainnet' and even then is slow as shit.

>>11032251
Yes, they will not be the desirable choice for high trust transactions which is where link/eth come in. But alot of applications don't need a super high degree of trust.

>>11030336
>it touches nothing in the real world and does nothing we need in the real world.
best wait until it does before you buy, right? Wouldn’t want to take a risk and make some money would we?

>>11029805