That article is just innuendo. Bitfinexed is the most bitter no coiner in existence. He's dreaming for everything to collapse so he can say "told you so".
Roosh
http://www.rooshv.com
Litecoin (LTC)
Surprised nobody has posted about this very exciting development for LTC: Litepay and Litepal. These are going to be able to allow merchants to accept Litecoin without having to worry about fluctuating crypto prices and fluctuating fees. Merchants can lower their credit card processing fees significantly by using Litepay. Customers get the convenience of using a Visa card to pay with Crypto. Huge news for Litecoin and crypto in general!
https://www.financemagnates.com/cryptocu...vices-way/
I think 2018 is going to be very interesting to see about adoption of crypto. The key to a currency's success comes down to only one thing: adoption. If a currency is not adopted, it will become worthless. When it comes to non-privacy currency coins, I see 3 potential winners:
-Bitcoin. If lightning network lives up to everything it's supposed to be, and gets released before people lose confidence in BTC, then BTC will be the big winner.
-Litecoin. If Lightning network doesn't prove to be a good solution, and merchants want the stable track record of blockchain tech, then I think LTC will see major adoption and could even replace BTC as our "digital gold."
-Nano. This coin has a big advantage of being instant with no fees, which gives a big incentive to merchants currently accepting credit cards to eliminate their credit card processing fees. The main things to look for with this coin is how well it handles attacks (such as spam attacks), how fast it comes up with the wallets and fiat offramps like Litepay.
I just don't see another currency coin with enough working tech and long-term vision at this point seriously competing. Sorry Roger.
https://www.financemagnates.com/cryptocu...vices-way/
I think 2018 is going to be very interesting to see about adoption of crypto. The key to a currency's success comes down to only one thing: adoption. If a currency is not adopted, it will become worthless. When it comes to non-privacy currency coins, I see 3 potential winners:
-Bitcoin. If lightning network lives up to everything it's supposed to be, and gets released before people lose confidence in BTC, then BTC will be the big winner.
-Litecoin. If Lightning network doesn't prove to be a good solution, and merchants want the stable track record of blockchain tech, then I think LTC will see major adoption and could even replace BTC as our "digital gold."
-Nano. This coin has a big advantage of being instant with no fees, which gives a big incentive to merchants currently accepting credit cards to eliminate their credit card processing fees. The main things to look for with this coin is how well it handles attacks (such as spam attacks), how fast it comes up with the wallets and fiat offramps like Litepay.
I just don't see another currency coin with enough working tech and long-term vision at this point seriously competing. Sorry Roger.
@gringoed: Yeah, BCH is shit... What about Dash though? I'm a huge fan of this coin. Once "Evolution" comes out in June, it should make some serious moves.
More importantly: How deep do you think the correction/bear market will go, and how long will it take?
More importantly: How deep do you think the correction/bear market will go, and how long will it take?
Failure is caused by unwillingness to adapt!
"If it's not rough, it is not fun!" - Lady Gaga, Philosopher
@Dr Feelgood.
I've never talked to anyone who really believes in Dash. Some friends have told me some things about the founders being shady and the issue of the circulating supply vs the total supply.
I'd love it if you shilled me on it and what sets it apart from BTC, LTC, and Nano.
I've never talked to anyone who really believes in Dash. Some friends have told me some things about the founders being shady and the issue of the circulating supply vs the total supply.
I'd love it if you shilled me on it and what sets it apart from BTC, LTC, and Nano.
@Gringoed: Here we go.
Dash is a first generation coin that wants to be nothing more than a payment system. Here are its main advantages, the details are off the top of my head, don't quote me on them.
- Masternodes: In Dash, nodes receive block rewards as well. Distribution of block rewards is 45% miners, 45% masternodes, 10% treasury system (see below). The fact that nodes are incentivized makes the system a lot more secure and stable, and for example helps with scaling (see below). You have to put down a collateral of 1000 Dash so you can operate a masternode. Return is 7-8% atm. You also receive voting rights. The voting process is democratic, but also quick and clear. For example, while BTC had an enormous fight about raising block size, the Dash masternode owners just voted and had a decision within 24 hours. The collateral makes sure that MN owners act in the best interest of the system.
- Treasury System: As far as I know, this huge advantage is exclusive to Dash amongst the top coins (ADA wants to implement it too). 10% of all the block rewards go into the treasury fund. That not only means that Dash can pay top developers, but they also have a budget for marketing and anything else that comes up. This is where the notion of "They consist of nothing but marketing" comes from - they are the only ones who can afford massive marketing campaigns, setting up their own ATMs, maybe even superbowl commercials one day, etc... A couple of weeks ago, Dash received I believe about 10 million dollars per month from the pool. Masternode owners vote on what to spend it for.
- Interest: Pools for participation in masternodes should be officially available next year. Right now you can already participate, but you have to trust one of two people who run these masternodes for you (both long-time respected community members).
- Hard cap of about 18 million total supply. With over 4000 masternodes, I believe half of the current supply is bound as collateral, which makes Dash very scarce. They might lower the required number of Dash for the collateral, which would instantly put a boatload of more Dash on the market. However, I believe they will only do that if they need more Masternodes, which is not on the horizon.
- Instant Send: For a slightly higher fee, you can send a transaction instantly.
- Private Send: You can send privately; that's why Dash was originally called a privacy coin, but it's now much more than that. However, this additional feature together with all the others makes it much more interesting than the privacy coins IMO (which only offer privacy).
- Overlooked coin: In your quote, I see what I have heard many times, that Dash is nothing, a scam, just marketing. All the other top coins have people shilling them hard, but not this one. Leads me to believe that it's massively undervalued.
- Evolution: That's a user interface that should make Dash seamless and effortless as a payment system for merchants and consumers. Includes smooth user interface; no more long strings of numbers, but names instead; very simple crypto handling for average Joe, just like credit cards or bank account; merchant just needs to plug it in, etc... That thing should be amazing, it should eliminate any psychological barrier the average person has towards crypto. Slated for June.
- They also have deals with the Marijuana industry, which should become a first stronghold for them.
-Developer team: As Dash is in a unique position to pay, it can get great developers, and lots of them. I think there are 30 full-time developers working on it, plus some part-time, and as the treasury pool grows, more can be employed. LTC until recently had 2 or so (?) full time developers, plus Charlie. Head of development is Ryan Taylor, very smart guy that knows about economics as well as technology; you can find some great interviews with him on Youtube (e.g. with Boxmining)
- Price: From late 2016 to late 2017, Dash gained a higher percentage than BTC or even ETH. I believe it was the coin that went best out of all the top coins.
- Recently it has been lagging behind. I believe once Evolution comes out, that might change.
- Scaling: Evan Duffield, Dash founder, is thinking in advance, and already has scaling solutions in place. He wrote an interesting Medium post about this. There is also Dash Labs, funded by the treasury system, that conducts experiments and looks for technical solutions for Dash.
There is more, but this is already so long, and I can't be arsed to type more. Hope this helps!
Dash is a first generation coin that wants to be nothing more than a payment system. Here are its main advantages, the details are off the top of my head, don't quote me on them.
- Masternodes: In Dash, nodes receive block rewards as well. Distribution of block rewards is 45% miners, 45% masternodes, 10% treasury system (see below). The fact that nodes are incentivized makes the system a lot more secure and stable, and for example helps with scaling (see below). You have to put down a collateral of 1000 Dash so you can operate a masternode. Return is 7-8% atm. You also receive voting rights. The voting process is democratic, but also quick and clear. For example, while BTC had an enormous fight about raising block size, the Dash masternode owners just voted and had a decision within 24 hours. The collateral makes sure that MN owners act in the best interest of the system.
- Treasury System: As far as I know, this huge advantage is exclusive to Dash amongst the top coins (ADA wants to implement it too). 10% of all the block rewards go into the treasury fund. That not only means that Dash can pay top developers, but they also have a budget for marketing and anything else that comes up. This is where the notion of "They consist of nothing but marketing" comes from - they are the only ones who can afford massive marketing campaigns, setting up their own ATMs, maybe even superbowl commercials one day, etc... A couple of weeks ago, Dash received I believe about 10 million dollars per month from the pool. Masternode owners vote on what to spend it for.
- Interest: Pools for participation in masternodes should be officially available next year. Right now you can already participate, but you have to trust one of two people who run these masternodes for you (both long-time respected community members).
- Hard cap of about 18 million total supply. With over 4000 masternodes, I believe half of the current supply is bound as collateral, which makes Dash very scarce. They might lower the required number of Dash for the collateral, which would instantly put a boatload of more Dash on the market. However, I believe they will only do that if they need more Masternodes, which is not on the horizon.
- Instant Send: For a slightly higher fee, you can send a transaction instantly.
- Private Send: You can send privately; that's why Dash was originally called a privacy coin, but it's now much more than that. However, this additional feature together with all the others makes it much more interesting than the privacy coins IMO (which only offer privacy).
- Overlooked coin: In your quote, I see what I have heard many times, that Dash is nothing, a scam, just marketing. All the other top coins have people shilling them hard, but not this one. Leads me to believe that it's massively undervalued.
- Evolution: That's a user interface that should make Dash seamless and effortless as a payment system for merchants and consumers. Includes smooth user interface; no more long strings of numbers, but names instead; very simple crypto handling for average Joe, just like credit cards or bank account; merchant just needs to plug it in, etc... That thing should be amazing, it should eliminate any psychological barrier the average person has towards crypto. Slated for June.
- They also have deals with the Marijuana industry, which should become a first stronghold for them.
-Developer team: As Dash is in a unique position to pay, it can get great developers, and lots of them. I think there are 30 full-time developers working on it, plus some part-time, and as the treasury pool grows, more can be employed. LTC until recently had 2 or so (?) full time developers, plus Charlie. Head of development is Ryan Taylor, very smart guy that knows about economics as well as technology; you can find some great interviews with him on Youtube (e.g. with Boxmining)
- Price: From late 2016 to late 2017, Dash gained a higher percentage than BTC or even ETH. I believe it was the coin that went best out of all the top coins.
- Recently it has been lagging behind. I believe once Evolution comes out, that might change.
- Scaling: Evan Duffield, Dash founder, is thinking in advance, and already has scaling solutions in place. He wrote an interesting Medium post about this. There is also Dash Labs, funded by the treasury system, that conducts experiments and looks for technical solutions for Dash.
There is more, but this is already so long, and I can't be arsed to type more. Hope this helps!
Failure is caused by unwillingness to adapt!
"If it's not rough, it is not fun!" - Lady Gaga, Philosopher
I paid with a cryptocurrency for the first time the other day, buying something over the gray market. The vendor insisted on using LTC based on ease of transaction. Surprised how easy it was once I set up my wallet. Confirmation was instantaneous. I can definitely see a need for the underlying blockchain technology, but I'm still uncertain if any of these cryptocurrencies will really supplant fiat money. It took me a little bit to understand how to set everything up, and I'm arguably the most techie guy out of my group of friends and family. I think the regular layperson would never give the cryptocurrencies a chance unless the ease of transaction is much simpler. Whoever can figure out how to set up cryptos for the masses will become the next billionaire.
So how likely do you guys think it is that Litepay will be adopted by Amazon and or Starbucks?
https://cryptorecorder.com/2018/03/12/li...ecoin-ltc/
https://cryptorecorder.com/2018/03/12/li...ecoin-ltc/
Usually, I use Lightcoin as a trading tool. Even with a slight rate fluctuation, one can get a good profit. Having this currency in my investment portfolio, I feel that I'm ready for the surprises that may take place on the crypto market.
Thinking of converting all my ETH into LTC as this is more likely to yield higher profits in the long run. And the halving coming up should see positive moves.
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