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Messages - fommes86

Pages: [1] 2
1
Blockchain Technology / Problems faced by supply chain projects
« on: November 19, 2018, 11:57:06 PM »
For me it is not clear how the authentication of products is guaranteed. But this remains an issue for all the existing supply chain related blockchain projects: how can you connect the physical world to a smart contract and prevent any possibilities of fraud and possibly without middle men?

2
Cryptocurrency discussions / Re: Etheruem or Ripple?
« on: November 19, 2018, 11:53:30 PM »
I would go for etheruem any day.

I would go for Ripl because Etheruem is not so easy to pronounce and that is a huge barrier of entry  ;D ;D

3
Cryptocurrency discussions / Re: 98% Of Present Bounties Are Worthless
« on: November 19, 2018, 11:51:00 PM »
Not to mention air drops. Follow, like, share on twitter and get 200$ worth of coins. Sounds to good to be true  ;)
Projects with extensive bounties in my opinion mostly have a value though.

4
Crypto Exchanges / Atomic Swaps with Swap.Online
« on: November 18, 2018, 11:07:12 PM »
Atomic Swaps allows two parties holding tokens on two different blockchains to trade directly — and instantly — without the risk of one running off with the other’s tokens before the trade is complete. This means you don’t need an exchange anymore to exchange one token into another.

Technically an atomic swap works like this:
Atomic Swaps use hash time-locked contracts, which are part of the script language most cryptocurrencies operate on. The contracts generate random numbers, so called hashes, which can not be hacked nor reversed.

The hashes are secret to both parties until they reveal it to one another for the atomic swap to occur. Therefore either the exchange happens, or there’s no transaction at all. There are certain requirements to ensure the atomic swap process is efficient.

A very well written tutorial on how to perform an Atomic Swap is published by the team of Swap.Online on Medium: https://medium.com/swaponline/how-to-perform-atomic-swap-exchange-f73c7ff1613b

Sadly not all cryptocurrencies support atomic swaps, it requires the implementation for linking payment channels of different cryptocurrency together. Another requirement to support atomic swaps, tokens have to share the same cryptographic hash function.

Advantages / disadvantages of atomic swaps:
Atomic swaps are more decentralized, more trusting, and more user-friendly. On the other hand by exchanging two requires two parties have to consent on the price and quantity of two to exchanging currencies and in a lot of cases is might be easier to exchange to BTC or ETH first.

Conclusion: Atomic Swaps will take decentralization to a whole new dimension and because there is no middle man risk, more investors will want to invest in cryptocurrency and more vendors might like to make cryptocurrency their payment methods. Finally Atomic Swaps focus on being user friendly and this is another step to introduce a broader audience to crypto, which until now was not enough tech savy. A very ambitios project dedicated to Atomic Swaps is Swap.Online.

5
EOS Forum / Re: iS EOS better than Ethereum?
« on: November 14, 2018, 10:14:48 PM »
I can't compare it to the current price, I can see the advantages of each of these coins. I do not have eos, nowadays there are many startups that use the eos blockchain, but it is very difficult for beginners to get to know EOS because it requires a fee to create an eos wallet.

Yes and to create an EOS wallet is not as user friendly as to create an Ethereum Wallet. You have to pay a small fee in Ram, to create an Ethereum Adress is free and can be done in multiple ways, to begin you can start with Coinbase or mobile apps where you don't need to worry about private keys. That is easier for newbies who don't have a clue yet.

As for ICOs there are literally thousands of them on the Ethereum Blockchain, some use Stellar, Neo and very few use the EOS Blockchain.

But technically EOS in my opinion is miles ahead and will remain so, because it is difficult to reach consensus to completely alter the Ethereum Ecosystem. They have big plans, but I am not sure whether the are able to implement them. Just look at Bitcoin: blocksize debate, scaling issues, energy wastful POW, these issues have not been adressed and there will not be any changes in this regard on the Bitcoin Core Blockchain.

At some time EOS might get more adoption though, if awareness of people changes.

6
I have stumbled into this project when I heard of their token airdrop bounty. After sharing some of their tweets and checking out their Medium archive, I browsed trough their articles I must admit I caught interest. After learning some more I decided that it was worth share this quick overview with you.

http://WorkChain.io first of all is a payroll service in cryptocurrencies. The product is already live, first payments on the platform have been made.

The platform supports various cryptocurrencies, like Ethereum and ERC20 Tokens, TrueUSD and the native currency WATT.

On the roadmap there are lots of other fantastic features for this project. For instance daily payments, or payment of every task performed will be established as standard, which is great for employees who usually wait for more than a month for their salaries.

Another great feature is the to put the CV on the blockchain, which means it is immutable and this feature on the other hand is great for employers, because job applicants can't lie about their professional background anymore.

Also there will be lots of third-party integrations and applications, for example a workforce management system, an identity provider, a time tracking system, a project management system and a skill validation platform.

Yes, there are more established competitors like bitwage or bitpay, but I haven't found any similar platform out there with such an abundance of features.

In my opinion WorkChain.io is one of the most promising blockchain projects lately. One of their biggest strengths is the Team.

The Co-Founders have already founded succesful companies in this field. Ryan Fyfe is the Founder and Former CEO of Humanity.com, a leading employee scheduling software and Ivan Petrovic founded WorkPuls.com, a company tracking time of remote teams. As obvious result, the before mentioned services will be integrated with Workchain.io and bring with them over a million users.

The Co-Founders have already founded succesful companies in this field. Ryan Fyfe is the Founder and Former CEO of Humanity.com, a leading employee scheduling software and Ivan Petrovic founded WorkPuls.com, a company tracking time of remote teams. As obvious result, the before mentioned services will be integrated with Workchain.io and bring with them over a million users.

7
 ;D ;D ;D This is a good lough!! This year will be no bull run my friend. What happens? Nothing. I hope no one here invested his life savings and sold his house and all of his belongings for crypto  ;D No, seriously I would bet that it is still a long time for the next bull run.

8
Cryptocurrency discussions / Re: Do you feel tired in holding altcoins?
« on: November 12, 2018, 10:13:25 PM »
I got my Alts just from Airdrops and bounties. Lots of them are tiring me, especially since they are not yet listed on any exchange. But coins of my favorite projects I would never sell, at least not in the current bear market. In a bull market with a lot of profit, maybe  ;D

9
EOS Forum / Re: iS EOS better than Ethereum?
« on: November 12, 2018, 09:54:05 PM »
I think from the technical standpoint and feature wise, at the moment EOS is the better platform. The problem with EOS is just that is not very user friendly. As cryptocurrencies are already quite difficult to understand for the everyday Jill and Joe, EOS makes it even more complicated  :-[

10
Ethereum Forum / Re: Ethereum vs ICO
« on: November 12, 2018, 09:51:13 PM »
Some ICOs did not use ethereum as basis but majority it is use widely. The amount of tokens is equal with ethereum. There are times that better to buy in the market than in ICO. Although risky but mostly that is the result dump price of token below ICO price.

Completely agree with you. I would not by any ICO tokens, I just take part in airdrops and bountys to get some of the tokens, while doing so I learn a lot about the project and if it seems worth it I still wait after the exchange listing and the eventual dump of the token, then I eventually buy some.

11
Of course, mining remains to be profitable, even taking into account the fact that prices for all cryptocurrencies have fallen. The question is whether mining is advisable, if the payback time of your equipment, for example, has increased by 2-3 times, compared to the end of 2018. Another factor affecting profitability is the price for electricity. If it is expensive in your country, then profitability can be very low, but it will still be. If PoW mining is not profitable for you, you can always switch to PoS mining, which does not require large expenses.

How can you tell that mining is still profitable? I would say it depends, in Kazakhstan it is still profitable for sure, cause the government is subsidizing you energy bill  ;D

12
I started out with airdrops and now moved to bounties, I would overall say that bounties are the better option, because you go just for a small number of projects which have potential instead with airdrops you submit all the airdrops you can find and in the end lots of the tokens you get might be worthless because not traded on any exchange.

13
Cryptocurrency discussions / Re: Etheruem or Ripple?
« on: November 12, 2018, 08:34:35 PM »
Ripple is not decentralized, I would never go for Ripple even sacrificing potential high gains. I prefer certainly Ethereum

14
GYM Ledger https://gymledger.com blockchain project is trying to address two very interesting issues:

1. It lets you earn cryptocurrency tokens for working out.

2. You can Carry your fashionable bracelet hardware ledger always with you.

As for the fitness rewards, they have already a working product, an Android App, which connects to a Bluetooth heart rate monitor. By working out you earn GYM token, previously on the Ethereum Blockchain (https://etherscan.io/token/0x92d3e963aa94d909869940a8d15fa16ccbc6655e) but they have switched to the EOS Blockchain (https://www.bloks.io/account/gymrewardsio). The protocol used is the innovative POE (proof of exercise) and the reward tokens will be tradeable on major exchanges and redeemable on the GYM marketplace.

The GYM hardware ledger is not here yet, but I am looking forward to it. They will integrate the Fitness rewards App and support multiple cryptocurrencies. This wearable ledger differentiates itself from the ledgers already on the market. It will be The World’s 1st Health Band with integrated Hardware Wallet. It will make cryptocurrencies fashionable and you can carry your wallet always with you. The ledger will also be able to stake the native LGR token for a up to 5% staking reward and it will be possible to swap between the LGR and GYM tokens.

What do you think?  Huh

15
Trakx.io has a very interesting bounty program as well:  ;)
https://bounty.trakx.io/6217/4981739

Very good articles on medium:
https://medium.com/@Trakx.io

Short presentation of their project on youtube:

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