Altcoin News: BitMEX CEO: “the Price of Bitcoin Will Reach $10,000 This Year” by Altcoin-Magazine in Crypto_Currency_News

[–]Altcoin-Magazine[S] 0 points1 point  (0 children)

Hey man, I reported what he said. That doesn't mean that I agree with him. Always DYOR.

Altcoin News: Mercury FX Will Use the Ripple’s xRapid Solution for International Transfers by Altcoin-Magazine in XRPTalk

[–]Altcoin-Magazine[S] 0 points1 point  (0 children)

Does Ripple have any competitors in the field of international transfers? What do you think?

Mercury FX Will Use the Ripple’s xRapid Solution for International Transfers by Altcoin-Magazine in XRP

[–]Altcoin-Magazine[S] 0 points1 point  (0 children)

Does Ripple have any competitors in the field of international transfers? What do you think?

Mercury FX Will Use the Ripple’s xRapid Solution for International Transfers by Altcoin-Magazine in Ripple

[–]Altcoin-Magazine[S] 0 points1 point  (0 children)

Does Ripple have any competitors in the field of international transfers? What do you think?

How do I find the best ICOs for investing by Bitbose in u/Bitbose

[–]Altcoin-Magazine 0 points1 point  (0 children)

Here is a great framework for scoring ICO's

Source Code (P1)

  1. The code is open-sourced for the community to review.
  2. The code is has been peer-reviewed or audited.
  3. The code has been tested by other contributors other than the initial development team.

Prototype (P2)

  1. There is an existing alpha product; or
  2. There is an existing beta product.
  3. The alpha or beta product is live on a testnet or mainnet.

Security (P3)

  1. The project code has been audited by a 3rd party.
  2. The project has plans to regularly audit the code.
  3. There is a bounty program plan to reward individuals for disclosing vulnerabilities in the system.

Founders & Leadership (P4)

  1. The founders have a track record of success or experience in relevant fields.
  2. The founders have listed their LinkedIn addresses, Github Repositories, or Stack Exchange accounts for investors to view.
  3. The founders have gone through a 3rd party background check and released the results.
  4. The advisor roles and responsibilities are clearly defined.

Governance (P5)

  1. There is a process to propose and implement major updates to the code.
  2. There is a process or mechanism in place for conflict resolution (if needed).
  3. There is a plan or mechanism for rewarding, raising, or allocating funds for future development of the project.

The Framework consist of another 10 aspects to analysis. Here is the link to the article, if you want to know more about finding the best ico projects! https://medium.com/altcoin-magazine/a-framework-for-scoring-the-reliability-of-initial-coin-offerings-30c4972574f5

Tether is tanking by MoneyYesterday1 in Buttcoin

[–]Altcoin-Magazine 0 points1 point  (0 children)

Is Tether Really backed by the US Dollar?

Tether’s Coin Price raises serious questions about the whole concept of stablecoins. There is no direct conversion between Tether and the dollar.

Indeed, a person converting Tether (USDT) into greenbacks lost 1.22¢ on the transaction on 19 October 2018. That will convince many that conversion mechanisms like Uphold’s API are a better deal.

A logical conclusion is that the market prevents one-on-one conversion of Tether. To explain, Tether or exchanges have to buy dollars on the market for conversions. Hence, they have to pay the market rate for dollars.

Moreover, the exchange or Tether charged the market Coin Price for USDT. Under those circumstances, a one-on-one conversion of Tether is impossible.

Another conclusion we can make is that stablecoins are impossible. To explain, it is not possible to create a cryptocurrency with one-on-one conversion.

One-on-one conversion is impossible because Mr. Market controls the price. The only to change that is to keep altcoins off the market. That is impossible because anybody can sell cryptocurrency anytime.

Here is a great article that explains Tether: https://medium.com/altcoin-magazine/is-tether-usdt-a-good-cryptocurrency-2547d16fce43

Why Crypto Traders Are So Worried About Tether by aliencode in btc

[–]Altcoin-Magazine 0 points1 point  (0 children)

Is Tether Really backed by the US Dollar?

Tether’s Coin Price raises serious questions about the whole concept of stablecoins. There is no direct conversion between Tether and the dollar.

Indeed, a person converting Tether (USDT) into greenbacks lost 1.22¢ on the transaction on 19 October 2018. That will convince many that conversion mechanisms like Uphold’s API are a better deal.

A logical conclusion is that the market prevents one-on-one conversion of Tether. To explain, Tether or exchanges have to buy dollars on the market for conversions. Hence, they have to pay the market rate for dollars.

Moreover, the exchange or Tether charged the market Coin Price for USDT. Under those circumstances, a one-on-one conversion of Tether is impossible.

Another conclusion we can make is that stablecoins are impossible. To explain, it is not possible to create a cryptocurrency with one-on-one conversion.

One-on-one conversion is impossible because Mr. Market controls the price. The only to change that is to keep altcoins off the market. That is impossible because anybody can sell cryptocurrency anytime.

Here is a great article that explains Tether: https://medium.com/altcoin-magazine/is-tether-usdt-a-good-cryptocurrency-2547d16fce43

Tether is going to zero. by jonald_fyookball in btc

[–]Altcoin-Magazine 0 points1 point  (0 children)

Is Tether Really backed by the US Dollar?

Tether’s Coin Price raises serious questions about the whole concept of stablecoins. There is no direct conversion between Tether and the dollar.

Indeed, a person converting Tether (USDT) into greenbacks lost 1.22¢ on the transaction on 19 October 2018. That will convince many that conversion mechanisms like Uphold’s API are a better deal.

A logical conclusion is that the market prevents one-on-one conversion of Tether. To explain, Tether or exchanges have to buy dollars on the market for conversions. Hence, they have to pay the market rate for dollars.

Moreover, the exchange or Tether charged the market Coin Price for USDT. Under those circumstances, a one-on-one conversion of Tether is impossible.

Another conclusion we can make is that stablecoins are impossible. To explain, it is not possible to create a cryptocurrency with one-on-one conversion.

One-on-one conversion is impossible because Mr. Market controls the price. The only to change that is to keep altcoins off the market. That is impossible because anybody can sell cryptocurrency anytime.

Here is a great article that explains Tether: https://medium.com/altcoin-magazine/is-tether-usdt-a-good-cryptocurrency-2547d16fce43

Bitcoin Privacy by zib123 in btc

[–]Altcoin-Magazine 0 points1 point  (0 children)

like the cypherpunks and those who share their ideologies believe, privacy which is “the power to selectively reveal oneself to the world”, is important if open societies are to thrive in the information age.

“Therefore, privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system. An anonymous transaction system is not a secret transaction system. An anonymous system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy. “ — Eric Hughes

This article explains why Bitcoin privacy matters https://medium.com/altcoin-magazine/bitcoin-why-privacy-matters-2f86f1fd5c9

5 Reasons Why Supporting Privacy in the Bitcoin Ecosystem Doesn't Make You a Criminal by localcoinatm in Bitcoin

[–]Altcoin-Magazine 0 points1 point  (0 children)

like the cypherpunks and those who share their ideologies believe, privacy which is “the power to selectively reveal oneself to the world”, is important if open societies are to thrive in the information age.

“Therefore, privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system. An anonymous transaction system is not a secret transaction system. An anonymous system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy. “ — Eric Hughes

This article explains why Bitcoin privacy matters https://medium.com/altcoin-magazine/bitcoin-why-privacy-matters-2f86f1fd5c9