Cryptocurrency

[ChimpMaster]

Maybe Apple will buy every bitcoin, it would be small change for them.

Even easier/cheaper for them would be to create the AppleCoin.

You heard it here first folks.

 

[mattfx]

My step brother watches tech companies with interest. He's been saying Amazon have been registering a bunch of interesting domain names relating to crypto currency lately and reckons they're making a move on the blockchain market... Think of that; a blockchain backed by AWS...

 

[scooterscot]

I've been looking for something like this which also lists how many coins/tokens are competing with each other in the same space. I want to specialise in the music area (my plan B) and there are 2 coins I know of (MUSIC, VOISE) which are live and have working Spotify like platforms with their own tokens. There are also a few projects looking to decentralise music on the blockchain and cut out all the middle men with smart contracts between listener and artist.

I'm seeing a lot of 'me too' in crypto at the moment so it would be good to have them all (including ICOs) categorized with easy to look up stats and info so we can gauge which ones have better potential.

There's a plan B for someone right there

Check out COVAL

 

[scooterscot]

It won't be worded as a ban, but there will be onerous requirements to put full AML checks into every transaction. This will effectively kill the unregulated market, and panic selling with ensue. Companies found flaunting this will find their CEO's serving 20 years in a US prison.

Just like what happened to the bankers in 08 when gambling with people's savings, LIBOR rigging, and miss-selling PPI. New prisons were built to meet the demand. Oh wait...

 

[scooterscot]

I still don't see the point. You have to keep 42 ZEN on each node at all times, which is £1600 at today's prices. The return is a measly 1.5 ZEN/month/node according to today's stats. This equates to a 3.5% annual return before VPS hosting costs.

It will take you over 2 years to get your money back. And all that time you have the opportunity cost of having to lock up 42 ZEN (£1600) per node.

Even if you gamble on ZEN coin price appreciation, you still have to keep 42 ZEN there. And as the coin price rises, more people will set up nodes, diminishing the output per node.

Mining seems a much better option - even with just over £1600 you can set up a reasonable rig.

I'm a numbers guy, with some tech knowhow, which is why I read the figures like this.

This would be my counter argument, the price increases = fewer nodes coming online. This will drive up the price for nodes and hence the demand. In the future people will sell nodes to each other as has happened on other coins, or indeed buy into shared ownership of a node.

Think we're about to see an sudden increase in price of Zen in the next 14 days or so.

 

[FrontEnder]

This would be my counter argument, the price increases = fewer nodes coming online. This will drive up the price for nodes and hence the demand. In the future people will sell nodes to each other as has happened on other coins, or indeed buy into shared ownership of a node.

Think we're about to see an sudden increase in price of Zen in the next 14 days or so.

I wonder how many people are setting up Dash masternodes now that you need a $milion worth of DASH to set one up?

They've been making a lot of noise about their partnership wit IOHK. They're the main development team on cardano, led my Charles Hoskinson, a co-founder of Ethereum and lead developer of Eth classic. They seem to be becoming quite an influential party in the crypto world.

 

[Hobosapien]

That's a bit like asking if there's any way of knowing which penny stocks are going to make you your first 10 grand. No-one is going to provide the information in a pretty infographic or summarised chart because if they have that to hand, they're more likely to sell it than publish it on the internet.

Scooter is subscribed to some kind of financial publication dedicated to crypto's (panama beach or something?) which gives you exactly the kind of info you're after but, IIRC it's about £3k per year. ...

Looks like a US ratings agency has got into the very game you mention, provide ratings on the major alts via a subscription.

PALM BEACH GARDENS, FL — Weiss Ratings, the nation’s leading independent rating agency of financial institutions

Same source as Scooters? Not £3k if so, may be a different branch of the same org. More than one way to sell the same/similar info.

https://weisscryptocurrencyratings.com/ratings/weiss-ratings-issues-grades-on-74-cryptocurrencies-12

The Weiss Cryptocurrency Ratings evaluate price risk, reward potential, blockchain technology, adoption, security, and other factors. “Due to rapid changes in the data,” explains Weiss, “upgrades and downgrades are more frequent than in other sectors we cover.”

Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses:

Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.
Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.
Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption.
Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature.

From their subscribe and pay page:

The regular cost of a one-year subscription to Weiss Cryptocurrency Ratings is $936. However, as an early visitor to our just launched website, you are entitled to a 50% discount, bringing your cost down to $468 per year.

That’s the equivalent of only $39 per month, or $9 per week.

 

[scooterscot]

PBC is more than a signal provider, they actually travel around the globe to meet developers in person. Understand their backgrounds, experience and education. Ratings agencies don't give this amount of time or attention.

 

[Hobosapien]

Yeah, I'm also having doubts that a rating agency is worth listening to anyway. They didn't do so well rating all that crap that crashed the markets in 2008.

Though I'm sure some will put their faith in the ratings and it will have some impact on investment decisions.

Another way of old manipulators trying to control new markets.

 

[Hobosapien]

Arsenal signs crypto-currency deal with gaming firm CashBet - BBC News

Crypto continues to suck in every goon.