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Topics - Jaephoenix

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Cryptocurrency discussions / SEC investigating Elon Musk?

« on: February 26, 2021, 07:12:46 AM »

There are rumors in the mill making rounds that the American Security and Exchange Commission SEC, are investigating the currently world richest man Elon Musk for his reportedly 'manipulative' tweets last month about Dogecoin. If true, do you think they have a case or is SEC trying to be a nuisance again?

Cryptocurrency discussions / Another bear?

« on: February 23, 2021, 01:20:56 PM »

Hello guys, the cryptocurrency world have witnessed an upturn in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles, giant long ones. What's going on? Is it a massive correction or are the dreaded bears upon us?

Forum Court / Negative karma: Why did I get it?

« on: January 30, 2021, 08:38:39 AM »

I just checked and realized my karma dropped from 17 to 16. And I have been giving level opinions on topics, no malice or hate. Why the negative karma?

Cryptocurrency discussions / The New Coinmarketcap UI

« on: December 29, 2020, 12:07:41 PM »

Anyone seen the new User Interface for coinmarketcap? By the way, coinmarketcap is the site that hosts the price for listed Cryptocurrency coins and tokens. Other sites like coingecko and coinpaprika are available. Coinmarketcap was recently acquired by Binance and has undergone several under the hood upgrades. The most recent one which involves a change in the font and information display is the most apparent one. It hides some unnecessary information which can be accessed too

DeFi tokens / How to know a DeFi scam

« on: December 11, 2020, 03:13:29 PM »

ICO is stone dead(RIP) and IEOs are on its death throes. Now its Decentralized Finance season and everyone and his pet cat are launching projects, and slapping DeFi on it. I would be attempting to point out the points to look out for in scammy DeFi projects.

1. Fake/Non-existent team
It is an increasingly common trend for scammers to invent fake founders and biographies for their projects, and stick it o their websites. Some don't bother at all. Having said this, some legit DeFi projects have anonymous team members. This point shouldn't be a deal breaker though.

2. No or almost no social media presence: These projects can go days or weeks without any posts or tweets. That's simply because there is absolutely nothing to report. They are simply waiting to snap up your cash

3. Poor Grammar
One of the hallmarks of a scammy project is a hastily concocted whitepaper. Even with the Google Translate, the website, whitepaper and blogs are bloated with poor or elementary English.

4. Poor and/or plagiarised whitepaper
This one is a no-brainer. From copied whitepaper content, blog news these guys copy content from successful projects and gleefully slam it on their whitepaper. Many times they are successful with this ruse.

5. Audits
I have made it a point of duty to always check if any DeFi project I associate with has an audit with a reputable and well-known firm. Audits simply mean if there actually is a real project and whether such tokens exist.

Final Thoughts
Never take my word as gospel. Some DeFi can still exit scam or rug pull even after fulfilling these conditions. Remember: ALWAYS DYOR

Cryptocurrency discussions / What do you think of Yusra?

« on: November 07, 2020, 06:24:34 PM »

Yusra is a new burgeoning Ecosystem made up of a wallet, coin and trading platform. It is run by nodes and there are advantages to generating Yusra nodes
Its Yusra node system creation developed for YUSRA permits monthly rewards generation and speeds up transactions.
You can actively participate in the development and popularization of YUSRA cryptocurrency.
Arranging wallets with YUSRA coins in a single vertical chain in a node, the transactions are processed according to a much faster protocol than in traditional POS.
These and more are the importance of running Yusra Nodes