Good for those who snagged a piece of the pie, and hope all goes well with the development of Brave.

===

Something to share with you guys, reason why you should hold on tight to your ETH:




WooTz need not apply.

https://etherscan.io/txs?block=3798640&sort=value&order=desc

Whales everywhere.

Wait for this: https://localethereum.com/

By then your ether would have went to the moon and you'd be driving lambos (lamboS, not a lambo).






Convert to BTC and sell it off on localbitcoins or xbitasia lah.

And I have yet to touch base on the use cases of other coins (e.g. Ripple for fast cross border transfers or Ethereum for smart contracts), and the blockchain as a whole (in which a public ledger requiring incentivization to ensure security of the blockchain hence the introduction of minable returns). But I'll leave that aside for another time.

This post has been edited by Enigmatic: Jun 1 2017, 01:42 AM

Just a quick one since I am at work - Mining pools won't run out of business as you can pool to stake coins. Any invested hardware can be sold.

Just saw this post.

That Ethereum book is quite good - Touches upon cryptoeconomics as well.
Salutes to you for offering it.

Looks like a dip might be coming. Hang tight.

I've only checked on ETH. Not sure if there will be a spillover effect on other coins.

Just another dip in the pond If you zoom out far enough.



This post has been edited by Enigmatic: Jun 1 2017, 10:47 PM

And if you did it probably will reach new all time high!

Well at least that happens for me. Plenty of times. Sigh.

untouchable - Since you PMed me, thought I'd reply here for the benefit of those who might have the same questions.

Disclaimer: I am not interested in Tezos and will not be funding for their ICO.
The below post assumes that you have some experience dealing with Bitcoin/Ethereum/altcoins.





It depends. Most accept Bitcoin/Ethereum, some accept altcoin/fiat. You'll need to check out their page or read/ask on one of their communication channels (usually Slack/Telegram).





ICOs are a nice way to gain quick funding to launch innovations, not dissimilar to Kickstarter/Indiegogo. From an investment perspective, it is extremely risky - Just like how products on Kickstarter/Indiegogo may fail to be delivered on time/entirely fail. This space is unregulated at this time (and there are debates on both sides whether to this should be regulated), so be aware of the risks.

Study the whitepaper, the community, the developers. Know as much as possible about the project, and better still if you are actually familiar with it (so to see weak spots unaddressed via the whitepaper/by the devs). Invest only if you are comfortable, do not consider returns, and think of this as donations to young, brilliant minds to start up something which could potentially change the world for the better. That said, ICOs had historically seen decent returns, as this market is highly speculative.

ICOs do not necessarily guarantee portfolio returns - e.g. - The scenario where ether increased in price so much that the price of the tokens released by ICOs do not catch up. In that case it would just be better to hold ether for that duration.





Personally I allocate only a small portion of my cryptocurrencies in ICOs, and only put money into projects I personally am interested in.

I have some stake in Mona.co which is still ongoing, albeit it now has a slightly lower reward bracket.
Looking at TenX and Bancor as well, since all these have practical uses for me.

To be honest... I am not sure. When (or if) I do eventually get the cards I will have a look through. Statements from founders are of course, generally bias to their own offerings.
I just really like the fact that people are making cryptocurencies accessible for daily spending now, instead of the traditional sell-on-exchange method.

You certainly have a good eye for alts kmarc.

Managed to snatch some Stratis when it was on a dip, not as cheap as yours but ok la, got some pocket money.

Ack. Seriously?

Stellar is giving out coins - 16B of them IIANM - Saturating the market with supply. Might want to watch out for potential price dumps over the coming weeks.

Check out their slack channel. Actually all the red flags had been explained in a series of videos which their founder (Kris) responded too.

Full disclamer: I have contributed to Monaco and I plan to do the same for TenX.

You can't stop people from popping up saying something - especially when reddit is a high volume board, so naturally you'll see plenty of conflicting opinions (e.g. Patientory, and you get remarks about Tezos and BAT, there are even people speaking against Bancor) - in which for this Monaco's reputation or the lack thereof holds little water as the product itself is still WIP (and I will say this extends to any product which is still WIP). So it is your own responsibility as an investor to scrutinise the product you are investing to see how sustainable it is. I've approached Kris and spoke to him over Slack especially with all the fiasco, so I have little concerns.

Anyhow, like I've mentioned - the claims were all addressed to by the founder so I see no issues there. And my money is also going to TenX as well since I am highly supportive of campaigns encouraging direct use of cryptocurrencies other than Bitcoin.

Addendum: typing on mobile is TOUGH

This post has been edited by Enigmatic: Jun 9 2017, 08:24 PM

Woah bro I was scrolling through and saw "WHAT? 900B??"

Stratis is crashing. Dipped below 8USD momentarily and I snatched up a couple. Humongous sell wall of 70BTC @0.002916.

This post has been edited by Enigmatic: Jun 10 2017, 03:56 PM

You all are awesome people. kmarc and WooTz - Tonloads of nice information for newbies on that thread.

This post has been edited by Enigmatic: Jun 11 2017, 12:09 AM

Eh no need la - I think you guys have covered way more than enough. Unless you want to see controversial ramblings about fiat and me talking about blockchain, which isn't appropriate on the front page.

What I am currently working now is to evaluate the statement that "cryptocurrencies are a Ponzi scheme". I was able to produce a mathematical representation of a Ponzi scheme on paper, but I am still working on modeling a supply-demand model for cryptocurrencies, which is a lot harder as there are too many abstract variables (e.g. how do we model the supply curve of cryptos, as it is a constant however market supply is fluid). There are some clear cut attributes differentiating the two in writing (mainly, what makes a Ponzi scheme unsustainable, being outflow > inflow, which the outflow amount (could be a constant, or a set of constants) but withdrawal rate over time growing exponentially as more investors come in), so hopefully I will have something to post again soon.

This post has been edited by Enigmatic: Jun 11 2017, 05:12 PM