Alt-Coins

Discussion of all things crypto and blockchain.
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Brick's
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Re: Alt-Coins

Postby Brick's » Wed Sep 12, 2018

Then this is where the shat coins get washed out and the real ones continue to new highs. That is if the comparison to the .com boom/bust/boom follows. I mean, this is how the continuation of the comparison would go, right? So we wait around for a year and a half from the initial prick to the bubble finishing popping and ride the new wave of survivors. Thankful to bloomberg for keeping us in perspective of where we are in the cycle right now.
“Rationality belongs to the cool observer, but because of the stupidity of the average man, he follows not reason, but faith, and the naive faith requires necessary illusion and emotionally potent oversimplifications which are provided by the myth-maker to keep ordinary person on course.”

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tdtwedt
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Re: Alt-Coins

Postby tdtwedt » Tue Sep 18, 2018

Prosecutors Can Pursue First Criminal Fraud Case Involving An ICO, Judge Rules

What began one year ago as a civil action brought by the SEC against a ICO founder accused of defrauding his clients has transformed into the first criminal fraud proceeding against an ICO - all thanks to a judge's ruling that the charges brought by the DOJ can proceed.


https://www.zerohedge.com/news/2018-09- ... udge-rules
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Silversaving
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Re: Alt-Coins

Postby Silversaving » Sun Sep 23, 2018

Pretty good segment on Vechain aired today on CNBC. I've been an investor and follower of this project for a while now. Anyway, if you're interested in how blockchain and industry come together give it a watch.
https://vimeo.com/291205220#t=853s
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Bucketeer
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Re: Alt-Coins

Postby Bucketeer » Fri Oct 19, 2018

The Daily HODL: Ticketmaster Acquires Blockchain Startup, Plans to Sell Smart Tickets to Counter Fraud
https://dailyhodl.com/2018/10/19/ticketmaster-acquires-blockchain-startup-plans-to-sell-smart-tickets-to-counter-fraud/
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Bucketeer
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Re: Alt-Coins

Postby Bucketeer » Thu Oct 25, 2018

Krakken to delist ICONOMI


ICONOMI, the company behind the ICN token, is moving to a more traditional legal structure that will eliminate ICN in favor of tokenized company shares that will be called “eICN.” As part of this transition, all ICN holders must convert their ICN to either eICN or ETH by December 31 2018. Since Kraken will not be participating in the conversion process we will delist ICN.

ICN will be delisted according to the following schedule:

ICN Deposits Disabled: October 29 2018 at 11:59 pm UTC
ICN Trading Disabled: October 31 2018 at 11:59 pm UTC
ICN Withdrawals Disabled: November 30 2018 at 11:59 pm UTC

Delisting ICN does not constitute any judgment by Kraken against the suitability of eICN as an investment, or against ICONOMI the company or platform. We are delisting because we are not participating in the conversion process.

What are the options for clients holding ICN?

Trade ICN for ETH or BTC on Kraken (act by October 29)
If you do not want to convert your ICN through the official process you can immediately trade it for ETH or BTC on Kraken. To trade you must deposit your ICN no later than October 29 2018 by 11:59 pm UTC and complete all trades no later than October 31 2018 by 11:59 pm UTC. The current exchange rates on Kraken are approximately:

ICN/ETH = 0.0018 (as of October 22)
ICN/BTC = 0.000057 (as of October 22)

Convert ICN to eICN (act by November 30)
Withdraw your ICN as soon as possible (no later than the November 30 withdrawal deadline). On November 1 2018, ICONOMI plans to make an investor interface available for converting ICN to eICN (check the project website and blog after November 1 for details). The conversion deadline is December 31 2018 (you will likely be able to convert after this time but there may be additional fees). The rate for converting ICN to eICN shares has not yet been determined, but the value of one eICN share will be set to a value of one Swiss Franc (CHF) and the ICN/eICN conversion rate will be set by determining an ICN/CHF rate (this rate will be published at a later date). It is not yet known when investors will receive their eICN, but the tokenization of shares will begin in Q1 2019. Conversion to eICN requires that your account on the ICONOMI platform be verified to Tier 2 (and there may be further requirements – it will be similar to opening a bank account). Residents of the US and Canada are currently not eligible to convert to eICN (if you reside in the US or Canada and are interested in conversion, contact ICONOMI at eicn.support@iconomi.com).

Convert ICN to ETH (act by November 30)
Withdraw your ICN as soon as possible (no later than the November 30 withdrawal deadline). On November 1 2018, ICONOMI plans to make a client interface available for converting ICN to ETH (check the project website and blog after November 1 for details). The conversion deadline is December 31 2018 (you will likely be able to convert after this time but the conversion rate may be lower). The rate for converting ICN to ETH is 1 ICN = 0.0019 ETH (valid until December 31 2018). Conversion to ETH does not require that your account on the ICONOMI platform be verified to Tier 2 and there is no restriction against residents of the US or Canada. It is not yet known when investors will receive the converted ETH.

These three options are not all-or-nothing – you can trade part of your ICN on Kraken, convert part to ETH through ICONOMI and convert part to eICN through ICONOMI.

Will any exchanges list eICN for trading?
Kraken has no plan to support eICN trading and we are not aware of any exchange that has announced support.

Questions?
If you have any questions about the ICN conversion process, please make use of the information and support provided by ICONOMI. Kraken support agents will likely not be able to provide any information beyond what is already stated in this email (but they can of course help with any questions you have about trading ICN on Kraken).

ICONOMI Support
eicn.support@iconomi.com

Conversion FAQ
https://medium.com/iconominet/a-new-chapter-for-iconomi-transformation-of-corporate-governance-and-issuance-of-equity-tokens-dc603df2272b
https://medium.com/iconominet/the-technical-and-legal-side-of-iconomis-transformation-542319b96f0f
https://medium.com/iconominet/eicn-frequently-asked-questions-part-i-3adba6de27e4

ICONOMI Website and Blog
https://www.iconomi.net/
https://medium.com/iconominet

Thank you for choosing Kraken, the trusted and secure digital assets exchange.
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trapperrick
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Re: Alt-Coins

Postby trapperrick » Fri Oct 26, 2018

So what happened to the crypto volatility?

I posted a couple of months ago that I finally jumped into the crypto game and figured I'd start out small with ETC. It almost immediately dropped 50% (which crypto tends to do) and it has just stayed basically in the same position for two months. I was used to seeing it drop 50% go up 60% drop 70% and see it bounce back again. Does this mean that certain crypto has finally settled in to their true value? ETC has only had a 10% + / - swing over the past 2 months but remains pretty much at a constant price.
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Brick's
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Re: Alt-Coins

Postby Brick's » Fri Oct 26, 2018

I don't know about true value for Cryptos but we appear to be in what I call the Crypto Doldrums. This has shown as a trading range of around low $6K - low $7K for Bitcoin as an example. Your ETC seems similar as I would expect most Cryptos to follow. I'd say we were either waiting for the next Quantum (pun intended) leap or the Whales to make a big move.

Another possibility is the Crypto Chained-Elephant Syndrome. Chained-elephant is where the elephant has been conditioned to the point they no longer have the will or belief they can escape.

Ras Vasilisin of Virtuse Exchange describes it like this for Cryptos:

"Just like elephants, crypto investors and enthusiasts have been conditioned to believe that there is no escape from the chains of intermediaries and regulators. After a brief encounter with ups and downs of the free markets, some investors practically raced towards regulators, begging their local governments for more regulations. Even more recently, the manifestation of this syndrome is occurring right now with security token offerings (STOs)".

Regardless, it appears we are waiting for either something big to happen or to "break out" of the bonds that hold us back. The latter sounds a bit like libertarian psychological motivational stuff to me. Stuff 'd expect to come bubbling up out of Cryptos.
“Rationality belongs to the cool observer, but because of the stupidity of the average man, he follows not reason, but faith, and the naive faith requires necessary illusion and emotionally potent oversimplifications which are provided by the myth-maker to keep ordinary person on course.”

― Reinhold Niebuhr, Moral Man and Immoral Society: Study in Ethics and Politics

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Bucketeer
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Re: Alt-Coins

Postby Bucketeer » Fri Oct 26, 2018

Medium: There's Nothing Controversial About 'Stablecoins' (Except To Those They Threaten).
https://medium.com/@omid.malekan/theres-nothing-controversial-about-stablecoins-except-to-those-they-threaten-2f45e12db99c
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Bucketeer
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Re: Alt-Coins

Postby Bucketeer » Fri Oct 26, 2018

Wired: Inside the bluster and lies of Petro, Venezuela's cryptocurrency scam.
https://www.wired.co.uk/article/venezuela-petro-cryptocurrency-bolivar-scam
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Bucketeer
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Re: Alt-Coins

Postby Bucketeer » Sat Nov 10, 2018

ZH: Venezuela Pitches Petro To OPEC As Unit Of Account For Oil.
https://www.zerohedge.com/news/2018-11-09/venezuela-pitches-petro-opec-unit-account-oil
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Bucketeer
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Re: Alt-Coins

Postby Bucketeer » Tue Nov 13, 2018

Gentlemen prefer Engelhard.


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