Litecoin coming to coinbase?

Anyone buying up PIVX in anticipation of it being added to Poloniex? Seems like if it does, its very likely to get a nice pump and dump.

That's probably why it has been pumped and it will dump once added. Buy the rumor, sell the news.

Coins tend to have a big history of pump n dumping upon exhanges adding them.

There's also a bunch of hype around litecoin adding segwit which I don't get. I think once segwit is released and people realise nothing is different and people still dont use litecoin, it will also dump.

I'm wondering if there's some news behind eth or its just doing its thing organically. Nice to see it catch a bid.

I have a hard time imagining the scenario where a hyped coin gets added to poloniex and its only dumped. The trollbox has been clamoring for it for weeks, not just in this recent run up.

As for eth, on reddit endless people have been posting their random TA that they claim is bullish. I'm assuming that is part of it.

Right, I'm familiar with a lot of TA and fibs and what not, and of course it's bullish when its breaking out of wedges and rising through resistance levels/fibs. It was just bearish not too long ago when it broke down below a trendline. Guess all the TA guys dumped on the way down not they gotta chase it back on the way up, only gonna cost em a little bit more.

Anyone looking at ICOs for Gnosis (prediction market platform similar to Augur) and Tezos (Ethereum competitor with smart contract language based on OCAML and built-in governance)?

Def interested in gnosis, but I'm a little uneasy about not knowing the price you are getting on what you are buying.

Anyone know anything about factom?

They offer private blockchains so that a company can not only post their doc/asset/whatever to a blockchain and get the benefits of that but also have the auditability and privacy of a private chain.

It's also touted that their method deals with the evidence of absence.

All the private blockchains are linked by nodes for collective security.

They have some paying customers.

Following some product delays I jumped off last week with impeccable timing planning to go back in in a while.

My main concerns with FCT are that ethereum will trend towards the use cases they address, and also the dev team is small. Vulnerable and slow to adapt.

Gnosis - for sure. They can be a game changer. Hard to put a valuation on the platform at this stage. One way to look at it is a leveraged play on wider adoption of crypto: the success of things like uPort and Metamask and stablecoins. Without that Gnosis will just be another Fairlay. With it, they have a jumpstart on competition.

Ideas around automated IoT and insurance markets are being thrown around too. As in, insurance company sets a markets for every city on risk of flooding and lets the data feed back into some pay as you go insurance product.

Gnosis's approach to focus on the platform rather than the markets will leave Augur in the dust imo because the growth drivers will be existing big players wanting or being forced to have Web3 offerings in order to compete in the lower fee environment blockchain offers. They will come to Gnosis rather than directly compete.

I'll sit out the ICO unless it comes down to ~$120mm valuation on the tokens. There will be a lot of information available over the next 18 months to be able to make a call on whether they have the chops and traction to make it happen.

The token structure is fine - capped, reducing, income generating.

Tezos is on the reading list.

So I decided to read the Gnosis FAQ. https://www.reddit.com/r/gnosisPM/co...om/gnosis_faq/

It isn't really capped in price, at least not in terms of USD. Looks like a few more devs are out to get rich on this insane ICO market.

So what happens if 1.5M* ETH is contributed before 9M GNO tokens are sold? Any excess tokens not sold during the token launch will be held by the team and used to support and grow the gnosis ecosystem.

I see there's a note they are going to lower the cap on ETH needed because of the increase in ETH price. This essentially means they want a bunch of coins for themselves because they don't want the coin cap to sell out before the required ETH is reached. They want the required ETH to be reached quick so they only have to give away 1 mil coins and keep 9 mil for themselves like greedy bastards.

Will be interesting to see what the market cap ends up being after auction.

Not sure quite what factom is myself. But a bunch of people are building private blockchains on ethereum. Why would factom be needed?

Near the top of their FAQ they state "The Bitcoin Blockchain has several core issues. Factom was built in order meet these needs. Entering data into the Bitcoin blockchain is prohibitively expensive at volume. In addition, the Bitcoin blockchain cannot handle high transactional volumes. The Factom blockchain is orders of magnitude less expensive and has orders of magnitude more capacity for transaction volume."

Once again, that is what ethereum is addressing.

Out of all the alts, I hear Factom pop up more then others, I just don't see what is so special about it. Once again, I barely know anything, but upon skimming the info on it, nothing stands out to me.

Yeah there's so much hate on Gnosis for the ICO model. Everyone wants their easy flip.

The FOMO is strong and $12.m is not a lot to collect in one day (hell, 30 minutes) in this environment so there is a good chance the devs end up with 80%+.

Not necessarily a bad thing though when you look at how many armies of lawyers and how much market seeding and discounting they will need to do. A $100m warchest is only reasonable imo.

Have been offered a 5 BTC bet that the ICO will sell out on day 1. I would be taking the "no" side. Contemplating.

Basically, yes. You can see how long they have been in development - and how poor their marketing is - by how they talk about Bitcoin there and haven't ever updated it.

There is a flip side where by being non-ETH FCT actually becomes a sensible small part of a balanced crypto portfolio.

The MaidSafe program might be the most interesting and ambitious project that gets very little discussion. I am curious if anyone here has researched and/or invested in safecoins

Thanks for sharing your thoughts. I suspect the final market cap will be around $130-140 million, where the current Augur market cap is, if not a little higher than that. It will be interesting to monitor the buys as they flow in over the next week.

I feel like the Gnosis team must be pretty confident token values will be increasing in value over the next year; otherwise they could easily get more cash with an uncapped structure.

Definitely check out Tezos. It's going to be one of the biggest ICOs of the year, other than Gnosis. My main concern with the protocol is that in certain situations, if
1) voters push through a change,
2) then later change their minds
they actually can't undo it and will have to do a hard fork. That's pretty crazy if I'm understanding correctly.

I believe they've been working on it for almost a decade. Are they getting close to releasing a working beta?

Polo delisting a bunch of alts on May 2. They all tanked when the announcement came out.

gnosis is pretty much a scam at this point. but is more likely to still be used in 2 years than augur.


maidsafe is a complete joke. anyone who doesnt have a viable product for as long as they have been "developing" it is basically as jihan wu says, "incompetent"

notice: you can still trade these things. But if you think of htem as investments as in-- buy and hold for 6months-years, you will get rekt.

you guys are completely misunderstanding the point of ICOs. If you are buying alot of these things because you think you can quickly trade or flip them for profit, ok. If you think that tthese things are worthwhile investments, you are a ******.


You are supposed to be buying "rights" or "claims" to things that are guaranteed through the ****ing blockchain.


ICN guarantees you nothing
Gnosis guarantees you nothing
vs
Augur guarantees you a claim to fees
GNT guarantees you ability to compute.

There's a big difference between protocol tokens and crappy asset tokens.

this touches on it
https://medium.com/@melonproject/the...s-89e0a9dcf4d1

most of these icos are junk.

stuff like cosmos, dfinity, 0x (if it does one) are good.

Insofar as there's no legal claim, true for all tokens. But look again at the whitepaper page 12

https://gnosis.pm/resources/default/...whitepaper.pdf

Its hazy and I had to enquire further with the team. What happens is users typically load up their account with fiat which is converted to stablecoin/WIZ behind the scenes and their fees are eventually paid in WIZ. Again, the user doesn't notice the conversion. Hence the claim that the vast majority will pay in WIZ i.e. non crypto geeks are (edit: not) the target market.

Any bitcoin / ether used for fees is auctioned to anyone that wants to burn GNO for it, reducing GNO supply long term. Idk why they wouldn't just convert the bitcoin or ether to WIZ but whatever.

Far from tokenholders getting no income, *all* the income in fees the platform receives is passed on to GNO holders.

You have to have the mindset that we are in a post-adoption scenario where web3 browsers / extensions / (d)apps / uPort / makerdao are understood OR the third party front end implementations on Gnosis are effectively masking the need for users to understand same.

Could you imagine if someone wrote this **** 10 years ago? How ****ing ridiculous would it sound?

Also, what do you mean users would load up account with fiat? Seems like it would be cryptos to me. How are they suppose to have users deposit USD?

Haha true that

Here's Koeppelman from Gnosis slack:

"we expect that most users "home fiat currency" will be available as tokens on the blockchain. Could be as something like the Santander $ (fiat backed) or with some stable coin mechanism with other crypto tokens as collateral (StabL or DAI)
So - yes - we expect that a user does not even need to know that they use crypto$/€ whatever - like you today do not necessarily realise that the $ on bank X is different than a $ on bank Y"

The platform which users will access the markets on will have tools to make that as easy as possible. Not specific to Gnosis, it is backbone stuff to help Web3 dapps. Think of todays eg API standards and how that backbone makes it when you interact with apps within eg Apples environments they can all already know who you are and if necessary your account balances and so on. Check out the work consensys are doing, metamask and tokenbrowser. There is a massive open source effort for this going on backed by fiat investment and the appreciation of crypto for long term holders.

It is counterintuitive to think that a for-profit like Consensys would invest heavily in open source tools that competitors will use but the community really gets that walled gardens always fail and network effect from adoption by the masses is needed to lift all boats. Currently this backbone stuff is only 20% there but give it a year...