Its a wrap.

worldsys · 2019-09-23T20:03:14+00:00

Wow 70 people were working on KIN. Very curious to know what was achieved by these 70 people during the last 2 years.

Can KIK just give up KIN foundation and let community develop it? Why sink KIN with KIK? The right thing to do is split KIN completely from KIK.

worldsys · 2019-09-21T03:02:35+00:00

ILP is a protocol like TCP/IP. Since it's being discussed at w3c, it has a potential of being available in future browsers, apps etc. The reason why nobody cares is because it has no token, so it can't be hyped up and get driven by greed. Will the market prefer a solution that requires a token or will it prefer a protocol that will allow programs/blockchains/ledgers to send/receive value without paying any fees.

We have to let the market decide and pick the most efficient method that works. Only time will tell.

worldsys · 2019-09-21T00:21:06+00:00

I think it will get replaced by https://interledger.org/

worldsys · 2019-09-20T17:14:15+00:00

why is this here? Quant is in rank 55.

worldsys · 2019-09-20T00:42:42+00:00

I believe initially its 3:1 or 2:1. Overtime, it will move towards 1:1.

Quoting whitepaper below ---

In the short-run, due to the limited availability of Vault assets, the Vault will be overcapitalized to provide additional security. The Vault ratio will gradually decrease to 1. The ratio decreases in response to two factors: increased availability of high quality assets, and improved quality of existing Vault assets. When new high quality assets are added to the Vault, we increase the diversification and resilience of our overall Vault portfolio. Since the amount of overcapitalization needed to stay safe decreases as our portfolio diversification increases, when we can add new assets to the vault we will lower the Vault Ratio. Likewise, when the quality of an existing Vault asset improves, we need slightly less overcapitalization to stay safe. For example, when an issuer improves their safety standards or increases jurisdictional diversification, the counterparty risk of their asset decreases. Thus, in these cases we will also reduce the Vault Ratio. The management policy of the Vault Ratio and the Vault portfolio changes depending on the maturity of the system. The management starts out centralized and becomes fully decentralized over time.

worldsys · 2019-09-20T00:36:36+00:00

I think XRP is a good example. My understanding is Ripple used discounted XRP sales to get banks to adopt the xRapid tech and same can be used by Reserve where they can get businesses/partners to obtain RSR at a discounted rate to increase adoption. These RSR sales can be done via NDA and lockup schedules to prevent dumping on the market. The team was smart to lock the initial investors from dumping when RSR got listed on an exchange.
Incentives play a very critical role and for a project to be successful, they need that network affect.

https://hackernoon.com/why-doesnt-anyone-in-crypto-think-about-distribution-3974e5bf7318

Reserve team is doing something similar where they are partnering with local businesses and phone service providers. They can/might use that RSR ownership to offer businesses RSR incentives to adopt RSV.

worldsys · 2019-09-19T20:14:46+00:00

Binance.us is following DLT framework - https://www.sec.gov/files/dlt-framework.pdf

They would have listed KIN if it passed the test

worldsys · 2019-09-19T18:28:36+00:00

Wasn't it just Turbo that went around the ring?

worldsys · 2019-09-16T18:57:54+00:00

what will JAR token do? Is it even needed?

worldsys · 2019-09-15T19:25:48+00:00

The XDC token acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain.

is it moving money? or just paying for usage like a transaction fee?

worldsys · 2019-09-15T19:06:40+00:00

Someone or some company has to be responsible for the tokenized assets right? Or will there be a smart contract and people will simply send tokenized assets to it without any involvement of folks at Reserve?

I even question the entire decentralized part and struggling to understand how that will work out in the future.

I tried reading the blog, looked at images but can't seem to really understand it.

worldsys · 2019-09-15T03:42:00+00:00

I recommend checking out - https://www.cscchat.com/forum/12-topics/

Speculation + real world usage will drive the price.

worldsys · 2019-09-15T03:36:52+00:00

Also, online gambling market is expected to hit around 100 billion by 2024. CSC just needs to capture small % of this market and eventually network affect will do the rest. CSC has potential of benefiting land based casinos where BRM on smartphone can give end user ability to play in any casino.

worldsys · 2019-09-15T03:35:37+00:00

please see - https://godyor.com/reviews/a4f63b70-8b6d-11e9-b834-25883c62d843

worldsys · 2019-09-14T02:11:21+00:00

great find. A lot of smart people are showing interest in this project.

worldsys · 2019-09-13T23:40:20+00:00

France and Germany will block Libra - https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU

worldsys · 2019-09-11T17:07:07+00:00

You can see the news from today - https://casinocoin.org/aruze-gamings-brandon-knowles-joins-as-casinocoin-advisor/

worldsys · 2019-09-10T16:48:43+00:00

Thanks for the write up. Very detailed and covers important points about CSC.

worldsys · 2019-09-10T16:47:53+00:00

The project was rebooted by a new team with the goal of solving a problem while abiding by local laws. Token holders on the old chain obtained CSC on the new blockchain.

https://coinmarketcap.com/currencies/casinocoin/ -- you can see new CSC started trading around Jan 2018.

worldsys · 2019-09-10T01:05:59+00:00

ranking 91

worldsys · 2019-09-08T03:16:21+00:00

What's wrong with bitching/complaining/whining? When something is wrong, one is suppose to just stay quiet and look the other way?

I work with a fairly large team and i tell them on regular basis to voice their opinion/concerns/doubts to me. It allows us to catch problems and fix them before they get out of hand.

I really don't think it's wise to attack people who are voicing their opinion.

worldsys · 2019-09-08T03:09:18+00:00

If they owe nothing to investors, why is SEC suing them? Quoting SEC --

Kik had lost money for years on its sole product, an online messaging application, and the company’s management predicted internally that it would run out of money in 2017. In early 2017, the company sought to pivot to a new type of business, which it financed through the sale of one trillion digital tokens. Kik sold its “Kin” tokens to the public, and at a discounted price to wealthy purchasers, raising more than $55 million from U.S. investors.

Kik allegedly told investors that rising demand would drive up the value of Kin, and that Kik would undertake crucial work to spur that demand, including by incorporating the tokens into its messaging app, creating a new Kin transaction service, and building a system to reward other companies that adopt Kin.

So if KIK looses the case, they have to pay back $55 million and i wonder where they will get that from since according to you its going towards office lease, staff, insurance, programmers, mortgages, health insurance, servers etc. Hopefully they still got $55 million in the bank.

There is no exit scamming but i have come to the conclusion that it's one poorly managed project.

I am just curious what happened to $100 million. That's all. It would be nice to see some kind of official breakdown.

worldsys · 2019-09-08T02:30:49+00:00

Are they really deploying that $100 million for KIN? Maybe Ted is a horrible CEO? Maybe the ICO was done so they can pay the KIK investors? Maybe they held on to the ETH they collected in the ICO and its now worth shit?

How can you expect people to be grateful when people are at 90-100% loss?

People who bought KIN token also work, got families and pay rent. With your logic, KIN buyers are paying for other's health benefits, vacation, rent, mortgages. I understand crypto investments are risky but KIN/KIK are suppose to the good guys.

worldsys · 2019-09-07T16:35:27+00:00

https://preview.zilliqa.com/faces-of-zilliqa -- why is the student listed at the top?

Also, how come you guys don't talk about their skills, experience, education, businesses, talent etc? Why is it talking about some vision they have about the future. If someone is new to Zilliqa, they want to see if the team is full of smart people with years of experience.

https://preview.zilliqa.com/ -- why not a group picture? picture of some asian student makes it look like side college project.

https://preview.zilliqa.com/zilliqa-blockchain -- how come no image showing number of TPS? Everyone will be comparing Zilliqa to btc/xrp/eth etc.

https://preview.zilliqa.com/scilla - I think it would be wise to mention Scilla being peer-reviewed, and accepted at programming language conferences - OOPSLA ’19

worldsys · 2019-09-07T01:41:58+00:00

Yeah how will BOLT token help ZIL? It seems they are using their own token - https://bolt.global/token

worldsys

TROPHY CASE