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Daily Crypto Nooooooz

Started by indiamikezulu, February 28, 2017, 12:47:57 AM

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indiamikezulu

'If you could go back to 2007 would you really choose these policies again? Had they been used as short-term shock therapy only, the central bankers might have got away with it. As it is they have now made our economies more dysfunctional than ever — and, worse, they can't find a way out.'

BAM!

https://amp.ft.com/content/c939adf8-8826-11e7-afd2-74b8ecd34d3b

indiamikezulu

http://www.zerohedge.com/news/2017-08-28/china-planning-ico-crackdown

Deep breath here, campers:

China has been the hotbed of speculation since Day One. This (authoritarian) move will make cryptos like GRS more attractive.

indiamikezulu

#212
Noo Project

Understanding the Lightning Network.

'Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude.'

There's an interesting argument between 1.0 crypto folk and 2.0 crypto folk. But 1.0s that implement the Lightning Network will become something far far more valuable than just an 'ordinary 1.0.'

https://lightning.network/

indiamikezulu

Over $2M volume today on Bittrex. Fabulous.

Now, exchanges like Coinexchange, which sometimes have no volume (at all . . . ) for days, are a community resource. If you have the energy, put some coin on them, and trade. With world interest growing literally by the hour at this point, our 'interface' with the world -- advice for newcomers, 'click-n-go' wallets, exchanges -- is what will push GRS up the charts.

jackielove4u

Quote from: indiamikezulu on September 01, 2017, 09:19:48 AM
Over $2M volume today on Bittrex. Fabulous.

Now, exchanges like Coinexchange, which sometimes have no volume (at all . . . ) for days, are a community resource. If you have the energy, put some coin on them, and trade. With world interest growing literally by the hour at this point, our 'interface' with the world -- advice for newcomers, 'click-n-go' wallets, exchanges -- is what will push GRS up the charts.

Which exchange would u like to see next:

1. C-cex
2. Livecoin
3. Touzibi (chinese exchange http://www.touzibi.com )

indiamikezulu

Quote from: jackielove4u on September 01, 2017, 05:02:01 PM
Quote from: indiamikezulu on September 01, 2017, 09:19:48 AM
Over $2M volume today on Bittrex. Fabulous.

Now, exchanges like Coinexchange, which sometimes have no volume (at all . . . ) for days, are a community resource. If you have the energy, put some coin on them, and trade. With world interest growing literally by the hour at this point, our 'interface' with the world -- advice for newcomers, 'click-n-go' wallets, exchanges -- is what will push GRS up the charts.

Which exchange would u like to see next:

1. C-cex
2. Livecoin
3. Touzibi (chinese exchange http://www.touzibi.com )

Hey, Jackie! Well, I already trade occasionally on C-Cex. (Thanks for your offer to contact the C-Cex guys. I really appreciated that.) Will check out Livecoin and Touzibi.

But Bisq (Bitsquare)? I tried it last year -- as Bitsquare -- and disliked it. But I feel strongly that long-term
'currency function' development must include decentralised exchanges, and p2p possibilities.

I set up Bisq this afternoon. And here is the text on altcoin acceptance:

https://forum.bisq.io/t/how-to-add-your-favorite-altcoin/46

One prerequisite is volume: if you get listed, there must be some trades. If we can get listed, I will try hard to get some volume.

And overall: a really good atmosphere in recent days on Planet Krypto, in the GRS community, in my outfit. A lot of things are falling into place. IndiaMikeZulu will plod along, helping the dev team as best we can.

indiamikezulu

Feedback for Jackie on possible new exchange/s

Please post your replies here, to make it easier for Jackie: http://groestlcoin.org/forum/index.php?PHPSESSID=ocqb5a0e1esag09nacmp317366&topic=477.msg1970#new

So, which would you prefer?
http://www.touzibi.com/
https://www.livecoin.net/
https://c-cex.com/

For me? I'm sure I decided against livecoin at some time in the past (remember Haircut Guy).
I already trade on C-Cex – had an account since I traded Unobtanium on it. Gotta check reviews and Support again; but it has a fine layout.

indiamikezulu

Among friends I now see a definite start of 'Stage Two,' in which moms and dads get their first – often significantly large – purchases of cryptos arranged by their kids. These purchases are clearly 'safe haven'/boomer retirement hobby. Although the boomer mums and dads involved aren't so computer savvy, most of them are life savvy, and have social networks with much deeper roots than their own kids'.

Let's keep an eye on this phenomenon.

indiamikezulu

China's ban on ICOs puts GRS and a range of similar coins in a very nice position: non-ICO cryptos, established, with Chinese exchanges. Just months ago, crypto geeks I work with were teasing me. I was the only one still trading any 1.0 crypto. They were all big big big on Ether and the ICOs.

But now we're going to see the 'currency/safe-haven function' come into play. It's a good time to be introducing friends and family to GRS!

jackielove4u

Since Mark is the only one responding we went with his advice:

GRS added on C-CEX. Our first USD market.
https://c-cex.com/?p=grs-btc 
https://c-cex.com/?p=grs-usd 
https://c-cex.com/?p=grs-ltc 
https://c-cex.com/?p=grs-doge

indiamikezulu

'In time, all other forms of money would be banned.'

https://dailyreckoning.com/global-elites-secret-cryptocurrencies/

Dailyreckoning Guy is sure that Big Brother is gonna take over cryptos.

Well, yes and no . . .

The article pivots on a misapprehension: that 'the super-elites' can actually achieve this level of control.

But they can't.

They'll trrrrryyyyyy . . . But they tried not to have a Financial Crisis. And they tried not to stuff up the recovery that followed. Consider what a fantastic clumsy failure the demonetization initiative in India is turning out to be. And China? Does anyone think that a sprinkling of political fairy dust will un-corruptify the entire failing Chinese politico-economic model?

You can't un-disintermediate a deteriorating system with a big stick.

And how should we respond to events? Continue developing a small disciplined trust-alliance-focussed network of crypto geeks. Expect craziness. React calmly to it. (Gotta manage a physical meetup this decade!)

indiamikezulu

'President Donald Trump on Thursday suggested he is open to getting rid of the nation's debt ceiling altogether.'
https://www.businessinsider.com.au/trump-debt-ceiling-schumer-pelosi-deal-2017-9?r=US&IR=T

'British Airways plans to close pension scheme'
http://www.telegraph.co.uk/business/2017/09/07/unions-hit-thousands-plunged-retirement-uncertainty-british/

Someone reasonably pointed out that everyone already knows that U.S. debt will never be repaid – that the debt ceiling has already been abandoned in effect. But sayin' it out aloud is altogether another thing.

And abandoning a major pension scheme? This is the end of an era, and it will result in massive amounts of capital looking for a new home. In cryptos . . .

indiamikezulu

In my next life, I will be the guy who delivers the lottery cheque: 'Woo! Cheque Guy is here -- come and have a glass of champagne!!'

But I chose (revolutionist) political theory -- gotta be the most miserable avocation on the planet: you're always focussed on the negative, on the stuff that folks don't want to hear about, on the stuff that folks haven't studied.

Gonna say this cause it's pivotally relevant:

rises in childhood ADHD, rises in opioid deaths, hurricanes hammering cities, the abandonment of debt ceilings, the open-ended use of QE, the collapse of pension plans . . . these are all powerful positive-drives for cryptos.

Why? because they mark the increasingly-apparent onset of dystopia; and cryptos are one instrument -- gold and gardening equipment are others -- that will become increasingly sought after as dystopia advances.

Please excuse my frankness



indiamikezulu

#224
Got a lot of hard-core 2013-POW altcoiners (miners) in my crowd. We're focussed on the values of a range of coins, notably GRS and Uno.

We see established POWs now coming of age, particularly now that safe-haven function has become so popular. So, we look at IoTa, for example, which still has its wallets in beta, but a cap of $1,461 million U.S.

GRS's total cap is about ten M.

A rise or fall of 10% for IoTa is an amount fifteen times the total cap of GRS. How 'real' are these amounts?

Now look here: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Our mob have our noses pressed against the glass. Global financial markets are a madhouse, with IMMENSE amounts of funny money -- trillions and trillions -- due to flood the markets in coming years.

So, GRS gets sqeezed to .00002500? 2200? 2000? It's a bargain, for a range of real reasons; and we need to learn to explain this to the flocks of newcomers running about on Reddit looking for The Next Top-Ten Crypto to invest in.