redbeard said:
Agree on this point.
Revenue Generating Crypto Thread
- Thread starter Coja Petrus Uscan
- Start date
Agree on this point.
CryptoPay announced that their crypto debit cards should be back by the end of June 2018. That would make them the only card provider in Europe, Asia and Russia.
The June 'dividend' has risen to 0.03 euros per 100 tokens. At the current price you'd need about 2.75 million tokens to earn $1,000 per month, or a 7% yield.
With the claimed return of the card program that revenue should go up. In their whitepaper they claim to be processing over 22 million euros ($26M) per month, with 10% monthly growth and 91,000 card holders. I don't know how that translates into revenue, but suspect that the dividend will go back up to around 0.08 euros per 100 tokens. That was the first dividend, for which the card program was suspended 5 days in.
The June 'dividend' has risen to 0.03 euros per 100 tokens. At the current price you'd need about 2.75 million tokens to earn $1,000 per month, or a 7% yield.
With the claimed return of the card program that revenue should go up. In their whitepaper they claim to be processing over 22 million euros ($26M) per month, with 10% monthly growth and 91,000 card holders. I don't know how that translates into revenue, but suspect that the dividend will go back up to around 0.08 euros per 100 tokens. That was the first dividend, for which the card program was suspended 5 days in.
Augur is finally launching on July 9th. Basically you collect 1/22000000 of fees collected for every Augur token you hold. Augur deals with decentralized prediction markets. It's pretty complicated but my simple analogy is that the market maker creates a question like "who will win the 2020 presidential election" and have several choices. People makes choices and the correct ones get paid and Augur token holders also get a small share from all fees collected. Like most other coins and tokens the price will depend on network effects ie whether a lot of people adopt and use this network. I thought the idea was a bit redundant because you can already do shit like this on traditional gambling sites but then it occurred to me you can ask any question so it'd be censorship resistant and useful for crowdsourcing pretty much any question you can think of. Augur has been in development for almost 3 years and there is no telling whether this will take off but it's definitely not a shitcoin much longer.
Augur is very solid, it is going to be the first decentralized oracle that will be used for smart contracts. Ground breaking.
It completely nullifies garbage like ChainLink, a useless shitcoin that has been in development for nearly 1 year with nothing to show. That is surely one shitcoin I wouldn't want to be all in.
It completely nullifies garbage like ChainLink, a useless shitcoin that has been in development for nearly 1 year with nothing to show. That is surely one shitcoin I wouldn't want to be all in.
MovingForward2050
Pelican
On Coast to Coast AM, the popular radio talk-show, they discussed CloudCoin...
"CloudCoin President, Sean Worthington, discussed his invention of Raida Data, which he claims is unhackable. Worthington said that the idea for cryptocurrency originated with libertarians and was first adopted by them to escape government controls and provide privacy in transactions. He referred to CloudCoin as the "first digital cash" since he "if you have the files on your computer, you are the owner," just as if you had cash in your wallet. Transactions are conducted by giving your numeric codes or passwords to anyone you want pay, whereupon they change the codes and it becomes their currency."
"Worthington warned of the Chinese government's efforts to create their own cryptocurrency, which they believe can dominate world markets in the same way that U.S. dollars have been doing for decades. He said that "they can force their own people to use it" but that there is a great deal of resistance from the rest of the world. Worthington also claimed that CloudCoin is immune to hacking even from the looming phenomenon of quantum computers, which can power through most, if not all, encryption scenarios. He continued with his observation that "monetary systems are information systems," and that we try to be efficient with this information, such as getting a job that pays better or buying things at the lowest price. Worthington contends that "a perfect monetary system is going to give us a perfect civilization," and that his idea is the closest to this ideal as possible right now."
What do you think?
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www.coasttocoastam.com
"CloudCoin President, Sean Worthington, discussed his invention of Raida Data, which he claims is unhackable. Worthington said that the idea for cryptocurrency originated with libertarians and was first adopted by them to escape government controls and provide privacy in transactions. He referred to CloudCoin as the "first digital cash" since he "if you have the files on your computer, you are the owner," just as if you had cash in your wallet. Transactions are conducted by giving your numeric codes or passwords to anyone you want pay, whereupon they change the codes and it becomes their currency."
"Worthington warned of the Chinese government's efforts to create their own cryptocurrency, which they believe can dominate world markets in the same way that U.S. dollars have been doing for decades. He said that "they can force their own people to use it" but that there is a great deal of resistance from the rest of the world. Worthington also claimed that CloudCoin is immune to hacking even from the looming phenomenon of quantum computers, which can power through most, if not all, encryption scenarios. He continued with his observation that "monetary systems are information systems," and that we try to be efficient with this information, such as getting a job that pays better or buying things at the lowest price. Worthington contends that "a perfect monetary system is going to give us a perfect civilization," and that his idea is the closest to this ideal as possible right now."
What do you think?
Digital Currency / Kentucky Goblin Case | Coast to Coast AM
Sean Worthington discussed his "unhackable" digital currency. Followed by Geraldine Sutton Stith on her family's famous encounter with goblinlike aliens in 1955.