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Virtual Currency - Alt Coin Discussion Thread Virtual Currency - Alt Coin Discussion Thread

02-23-2018 , 11:29 AM
One case that is interesting is litecoin imo, it's different enough from bitcoin for the payment on chain use case, it offers an alternative when bitcoin mempool is full, and with the atomic swap, it will really function as a 2nd network for bitcoins owners.
But will it be enough to remain a staple of crypto is still a big question?

I'm more and more wondering about dogecoin future as well, it's functional and pretty stable overall, I'm really surprised no developer decided to maintain it while it must be easy since it's a modified bitcoin as well. Wouldn't there be a ton of value buying some doge and upgrading it for some developer instead of doing some stupid ICO, they have brand name good community and an existing network?
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02-23-2018 , 12:08 PM
Quote:
Originally Posted by eddymitchel
I'm still a noob and didn't read much about side chain and sharding and other cool new stuff since most seem pretty theoretical still.
At the very least lightning network looks good on paper for the fast payment use case. Most of the fud I've read seems easy to debunk but we still need to see how effective the "network aspect will be", the p2p payment aspect seems functional already.
Yes, I was mostly +1-ing you, and then commenting on the post you responded to.

Quote:
Originally Posted by eddymitchel
One case that is interesting is litecoin imo, it's different enough from bitcoin for the payment on chain use case, it offers an alternative when bitcoin mempool is full, and with the atomic swap, it will really function as a 2nd network for bitcoins owners.
But will it be enough to remain a staple of crypto is still a big question?
I kind of like Litecoin, and have done so since last spring. It's pretty useless in theory, but in practice it serves a few purposes. It can work as a real money test bed for Bitcoin upgrades, a competing force on Bitcoin to evolve, and a low cost alternative, taking some of the pressure off when the fees are high. And it has a pretty large, ASIC protected hash rate securing it.
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02-23-2018 , 12:22 PM
i haven't made fun of $SALT in a while. they're bragging about the millions of dollars they are loaning out but they are redeeming tokens for a value of $27 and you can buy them on the market for $4.

just imagine if you could buy a $100 starbucks gift card for $15. they would be liquidated faster than you can say pyramid scheme.
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02-23-2018 , 12:46 PM
Quote:
Originally Posted by augie_
i haven't made fun of $SALT in a while. they're bragging about the millions of dollars they are loaning out but they are redeeming tokens for a value of $27 and you can buy them on the market for $4.

just imagine if you could buy a $100 starbucks gift card for $15. they would be liquidated faster than you can say pyramid scheme.
How does that work? I read a little about the company on their site, but they don't really explain how the SALT token is even a necessary part of the lending platform.

Do you lend them BTC for SALT, which you then exchange for USD? (I assume there aren't any SALT/USD pairings, so doing so would require converting SALT to BTC then USD... which would be pretty lol)
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02-23-2018 , 12:52 PM
If you have XLM in a wallet, you should check out:
https://portal.stellarport.io/giveaway
Its a 10k XLM Gtd giveaway (15k gtd this week) with a large +EV overlay (compared to a traditional inflation pool).

The more you trade on the platform, the higher your chances of winning. Lots of potential there now.

Last edited by noname6520; 02-23-2018 at 01:00 PM.
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02-23-2018 , 12:54 PM
Quote:
Originally Posted by tgiggity
How does that work? I read a little about the company on their site, but they don't really explain how the SALT token is even a necessary part of the lending platform.

Do you lend them BTC for SALT, which you then exchange for USD? (I assume there aren't any SALT/USD pairings, so doing so would require converting SALT to BTC then USD... which would be pretty lol)


it's a pawn shop for bitcoin. you want to borrow $10k so you send them $40k in bitcoin. then they transfer $10k to your bank account and you pay them back plus interest.

you must have a certain number of SALT tokens in your wallet to gain access to this loan. you can also use SALT tokens to pay their administrative fees (that's where the $27 value comes in), but not the loan or the interest.
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02-23-2018 , 02:28 PM
Quote:
Originally Posted by eddymitchel
Xrb might be expensive at this point.
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02-23-2018 , 02:31 PM
Quote:
Originally Posted by augie_
it's a pawn shop for bitcoin. you want to borrow $10k so you send them $40k in bitcoin. then they transfer $10k to your bank account and you pay them back plus interest.

you must have a certain number of SALT tokens in your wallet to gain access to this loan. you can also use SALT tokens to pay their administrative fees (that's where the $27 value comes in), but not the loan or the interest.
Sounds like the whole thing can function with no need for the SALT token to even exist. (I know this describes most tokens unfortunately)

Are they using smart contracts to lock the BTC up for the loan period? If not, it sounds like it's just a centralized BTC pawn platform that could exit scam with all the BTC at any time.
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02-23-2018 , 02:58 PM
Quote:
Originally Posted by DoctorZangief
That post a guaranteed pump
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02-23-2018 , 10:57 PM
xrb up 45% last 24 hrs... makes sense.

Also something about it being added to coinbase.
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02-23-2018 , 11:01 PM
Wouldnt advise SALT at all. Tokens not even a needed aspect of the business model
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02-23-2018 , 11:06 PM
NANO / XRB has dipped half a dozen times since its initial run. Very rarely has it been because of the product itself. Those problems were addressed with decent professionalism and communication. Some of the FOMO is coming back. From a business standpoint they seem solid... but from an INVESTMENT standpoint? Who knows. It's already a huge cap by any sensible measure. It also works so, so well.
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02-23-2018 , 11:47 PM

https://twitter.com/EdMillerPoker/st...40900718964736
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02-24-2018 , 12:12 AM
Quote:
Originally Posted by DoctorZangief
NANO / XRB has dipped half a dozen times since its initial run. Very rarely has it been because of the product itself. Those problems were addressed with decent professionalism and communication. Some of the FOMO is coming back. From a business standpoint they seem solid... but from an INVESTMENT standpoint? Who knows. It's already a huge cap by any sensible measure. It also works so, so well.
Ive stayed away so far because if you go on Reddit, i get the sense this coin has a VERY large amount of paid shills. It makes me very uneasy to buy in.
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02-24-2018 , 07:00 AM
Still debating the best time to dump my XRB bags.. the price looks slightly less painful atm
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02-24-2018 , 07:16 AM
Quote:
Originally Posted by imjosh
Ive stayed away so far because if you go on Reddit, i get the sense this coin has a VERY large amount of paid shills. It makes me very uneasy to buy in.
That is 100% not the case. They are a tiny development team with completely new type of blockchain who have always focused on the product itself. They do have a huge very passionate community on reddit that does probably go over the top shilling but It comes mainly from the fact people are extremely passionate about it once they look into the coin. You end up wondering why it isn't the answer. Free/instant/no mining etc.

Something is up here though. It has gone from doing a daily average volume of around $25m to currently $350m today
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02-24-2018 , 07:33 AM
Seeing how everything is in red now not selling xrb to some extent would be most likely a huge mistake.
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02-24-2018 , 08:43 AM
lol Eddy you need to start using logic in, like, any of your decisions.
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02-24-2018 , 09:07 AM
So xrb got a +100% pump while the market is tanking.
A it will keep going up
B not move for a while
C or go down because it's overvalued.

I cannot see how B+C chances don't warrant to realocate to some extent when many other coin are at a decent discount right now.
Unless I missed some news.
- xrb allow to tip people on twitch
- rumors that it will be on coinbase(95% bull****)
- some new wallet.
Nothing warrant current price pump.
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02-24-2018 , 09:16 AM
Quote:
Originally Posted by eddymitchel
So xrb got a +100% pump while the market is tanking.
A it will keep going up
B not move for a while
C or go down because it's overvalued.

I cannot see how B+C chances don't warrant to realocate to some extent when many other coin are at a decent discount right now.
Unless I missed some news.
- xrb allow to tip people on twitch
- rumors that it will be on coinbase(95% bull****)
- some new wallet.
Nothing warrant current price pump.
Anyone actually following what has happened to XRB would understand that the current pump is probably bringing it back to normal levels with still a decent way to go if we see a full correction back up. It has been pretty much beaten down through sheer bad timing and other things outside of the its control. The BitGrail fiasco kept crashing the price over and over. The Binance launch/re-branding happened just as the market completely tanked into oblivion. Then as the market starts recovering the scandal of the missing XRB was unveiled. The stolen money has probably continually been dumped on the market throughout to depress it further.

I didn't expect the recovery to be as quick and fast and a correction will probably happen but I always expected this to recover really well in the long run.
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02-24-2018 , 09:23 AM
So you are agreeing that a correction is very likely in the current state of the market which is my point.
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02-24-2018 , 09:26 AM
Quote:
Originally Posted by eddymitchel
So you are agreeing that a correction is very likely in the current state of the market which is my point.
At some point but I am not going to guess the market and since this is a long term hold for me as I still think it will rise much further it doesn't really matter.
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02-24-2018 , 09:47 AM
Eddy you've made like 20 predictions based on nothing. Your criticisms of coins are based on nothing. You're debating between different pufferies and meta analyses that are based on nothing. You epitomize the rumour mill and value-independent guesswork of a bull run.
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02-24-2018 , 09:58 AM
If nano had a better use case for adoption and incentivization other than being fast and feeless I'd FOMO in, but without one ill still stay away for now. Think they are solving a problem that is too far away from needing a solution. Need to get the public interested first, and by then there could be an even better tech out (which given a small team made this and seemingly dozens of new coins come out daily, seems likely), or Bitcoin tech could improve such that the difference between the two becomes negligible. Until then it's a cart before the horse situation and a very risky long term (5+ yr) investment.

All bets are off if they get listed on coinbase though. I'll buy some if that happens for sure

Last edited by beansroast01; 02-24-2018 at 10:04 AM.
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02-24-2018 , 10:04 AM
I'm sceptical of coin that pretend to have free transactions and infinite scalability.
Now feel free to explain why Xrb is so awesome and how you estimated it was a cheap price at 7$ or whatever it was and why 18$ shouldn't warrant to realocate after a coin they were holding at a certain % of their portfolio doubled while other they estimated was a proper % of their portfolio dropped.
You talk about bad logic but don't show anything .
I m still a huge noob and don't pretend to be an expert.
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