What does every one think of REDCOIN (RDD)???
I see it's only on Bittrex now but if it gets adopted on Polo the price will skyrocket right???
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
What does every one think of REDCOIN (RDD)???
I see it's only on Bittrex now but if it gets adopted on Polo the price will skyrocket right???
.
I swear I was looking at that coin 2 weeks ago. Shit was extra low when I saw it. Post what you find brother.
This is something to pay attention to
https://www.forbes.com/sites/lauras...oinlist-makes-it-easy-and-legal/#6cf79f007ce5
Want To Hold An ICO? CoinList Makes It Easy -- And Legal
For a new form of funding, initial coin offerings, or ICOs, have been raising money at astonishing speed — amassing about $440 million over two years, mostly for developers of early-stage projects.
These crowdsales of new cryptocurrencies give entrepreneurs access to funding from the crowd, and token buyers, in turn, get something akin to a form of equity in the network, since, if the platform becomes more popular, the price for their shares should rise.
Early-stage blockchain entrepreneurs have already raised more money via ICOs than venture capital this year, and VCs, seeing the writing on the wall, are beginning to disrupt themselves by tokenizing their own fundraising rounds.
But this crowdfunding method raises a lot of questions, starting with: Is a token sold via an ICO a security? Additionally, the ease of raising gobs of money based on a white paper peppered with the word “blockchain” or “token” has led to numerous scams, and many ill-conceived projects have raised a lot more money than they would have from seasoned venture capitalists.
For these reasons and more, AngelList, the go-to platform that connects startups and investors, and Protocol Labs, a company working on building the infrastructure for decentralized networks including Filecoin, are launching CoinList, a new platform for token-based networks to reach investors and raise money for the development of the project. The first ICO on the platform will be for Filecoin, sometime in the next few weeks.
“ICOs are obviously a new and interesting form of funding for blockchain-based protocols,” Naval Ravikant, the CEO and cofounder of AngelList, and an investor in Protocol Labs, wrote via email. “But it's not clear that all of them comply with U.S. securities laws or that all of them are companies that have good native use cases for new coins.” Then, referring to Filecoin, the inaugural ICO on CoinList, he wrote, “So, we wanted to use a high-quality coin and team to trailblaze a legal and compliant ICO.”
The service is especially helpful for the projects that run a high risk of having their tokens labeled as securities — in this case, those that raise money selling coins well before they launch their network. Some of the thinking around the legality of ICOs stems from whether or not the token has utility, such as how people who buy a golf club membership presumably do so because the buyer wants to use the club, not because the value of the membership may rise. However, if developers sell a token before the network has launched, that muddies the distinction.
That then leaves entrepreneurs of blockchain-based networks in a bind — needing to fund the development of their idea but running the risk of getting in trouble with the SEC if they do a token sale for a network that launches 18 months later.
There’s also risk for investors, says Juan Benet, founder of Protocol Labs. “It’s similar to Kickstarter, where people are trying to crowd fund the development of the network, but the difference here is that … there’s a significantly different risk between different platforms in crypto vs. a product that just needs manufacturing,” he says.
To address these two concerns, CoinList, which Benet calls “a mix between Kickstarter and Angel List,” will employ a new kind of agreement called a SAFT (Simple Agreement for Future Tokens). The SAFT is based on a similar mechanism called a SAFE commonly used by early-stage startups to raise money in exchange for equity without having to issue debt instruments like convertible notes. It also enables developers to raise the funds they need to launch the network without issuing a token that could later be perceived as a security.
One characteristic of the sales on CoinList that may help curb some of the current rampant speculation is that they will only be open to accredited investors who earn $200,000 or more a year or have a net worth of at least $1 million. On the other hand, that might also dampen some of the enthusiasm for CoinList, because some have felt that ICOs have been democratizing finance and making venture-type deals available to the average retail investor rather than only the wealthy.
On the flip side, the CoinList stamp of approval could also push the speculation to new heights. When asked how much CoinList will vet potential ICOs, Benet says, “Investors should do their own due diligence, but we do think there will be some signal here, where, at the very least, we can rate the offering.”
Olaf Carlson-Wee, the CEO and founder of Polychain Capital which is a hedge fund that invests in blockchain-based assets, says that SAFTs make so much sense that Polychain had separately come up with the same concept for several of its investments and even used the same acronym for it.
However, he believes CoinList's power could be a double-edged sword. It could serve as an important function as a gatekeeper of valid projects, but that then gives it a lot of power that could also fuel more speculation — “because CoinList listed it, I’ll invest in it” type thinking. Additionally, CoinList’s incentive will be to be more inclusive than exclusive “because they take a cut every time something is on the platform,” says Calrson-Wee, "so if they have an incentive, it’s for inclusion rather than exclusion, but it depends if [they're] optimizing for short-term profits or long-term signal.”
Still, both CoinList and SAFTS could be good antidotes to the problem of groups raising money before they have a product. It could get more groups to hold an ICO is held at the same time as the launch of the network, which, he says, “makes the crowdsale more about getting a piece of software instead of being an investor in a future piece of software."
To illustrate the dangers of raising a lot of money for an idea instead of a product, Carlson-Wee brought up the example of Clinkle, a startup that raised $30 million before it had a product and then disappeared two years later. (It also came up in my podcast on ICOs earlier this week.) “That was a great example of VC pile on," he says. "'Look, this name is backing us,' and then another guy says, If they’re backing you, I’ll back you, and then the third guy says, If those two are backing you, I’ll definitely back you, and then fourth guy says, Wow, if those three are backing you, then how can I get in on this deal?” It's an example he likes in particular because, in its early days, his former employer Coinbase was constantly asked how it would compete against Clinkle. Coinbase now has 6.9 million customers and a valuation of $500.5 million.
https://www.forbes.com/sites/lauras...oinlist-makes-it-easy-and-legal/#6cf79f007ce5
Want To Hold An ICO? CoinList Makes It Easy -- And Legal
For a new form of funding, initial coin offerings, or ICOs, have been raising money at astonishing speed — amassing about $440 million over two years, mostly for developers of early-stage projects.
These crowdsales of new cryptocurrencies give entrepreneurs access to funding from the crowd, and token buyers, in turn, get something akin to a form of equity in the network, since, if the platform becomes more popular, the price for their shares should rise.
Early-stage blockchain entrepreneurs have already raised more money via ICOs than venture capital this year, and VCs, seeing the writing on the wall, are beginning to disrupt themselves by tokenizing their own fundraising rounds.
But this crowdfunding method raises a lot of questions, starting with: Is a token sold via an ICO a security? Additionally, the ease of raising gobs of money based on a white paper peppered with the word “blockchain” or “token” has led to numerous scams, and many ill-conceived projects have raised a lot more money than they would have from seasoned venture capitalists.
For these reasons and more, AngelList, the go-to platform that connects startups and investors, and Protocol Labs, a company working on building the infrastructure for decentralized networks including Filecoin, are launching CoinList, a new platform for token-based networks to reach investors and raise money for the development of the project. The first ICO on the platform will be for Filecoin, sometime in the next few weeks.
“ICOs are obviously a new and interesting form of funding for blockchain-based protocols,” Naval Ravikant, the CEO and cofounder of AngelList, and an investor in Protocol Labs, wrote via email. “But it's not clear that all of them comply with U.S. securities laws or that all of them are companies that have good native use cases for new coins.” Then, referring to Filecoin, the inaugural ICO on CoinList, he wrote, “So, we wanted to use a high-quality coin and team to trailblaze a legal and compliant ICO.”
The service is especially helpful for the projects that run a high risk of having their tokens labeled as securities — in this case, those that raise money selling coins well before they launch their network. Some of the thinking around the legality of ICOs stems from whether or not the token has utility, such as how people who buy a golf club membership presumably do so because the buyer wants to use the club, not because the value of the membership may rise. However, if developers sell a token before the network has launched, that muddies the distinction.
That then leaves entrepreneurs of blockchain-based networks in a bind — needing to fund the development of their idea but running the risk of getting in trouble with the SEC if they do a token sale for a network that launches 18 months later.
There’s also risk for investors, says Juan Benet, founder of Protocol Labs. “It’s similar to Kickstarter, where people are trying to crowd fund the development of the network, but the difference here is that … there’s a significantly different risk between different platforms in crypto vs. a product that just needs manufacturing,” he says.
To address these two concerns, CoinList, which Benet calls “a mix between Kickstarter and Angel List,” will employ a new kind of agreement called a SAFT (Simple Agreement for Future Tokens). The SAFT is based on a similar mechanism called a SAFE commonly used by early-stage startups to raise money in exchange for equity without having to issue debt instruments like convertible notes. It also enables developers to raise the funds they need to launch the network without issuing a token that could later be perceived as a security.
One characteristic of the sales on CoinList that may help curb some of the current rampant speculation is that they will only be open to accredited investors who earn $200,000 or more a year or have a net worth of at least $1 million. On the other hand, that might also dampen some of the enthusiasm for CoinList, because some have felt that ICOs have been democratizing finance and making venture-type deals available to the average retail investor rather than only the wealthy.
On the flip side, the CoinList stamp of approval could also push the speculation to new heights. When asked how much CoinList will vet potential ICOs, Benet says, “Investors should do their own due diligence, but we do think there will be some signal here, where, at the very least, we can rate the offering.”
Olaf Carlson-Wee, the CEO and founder of Polychain Capital which is a hedge fund that invests in blockchain-based assets, says that SAFTs make so much sense that Polychain had separately come up with the same concept for several of its investments and even used the same acronym for it.
However, he believes CoinList's power could be a double-edged sword. It could serve as an important function as a gatekeeper of valid projects, but that then gives it a lot of power that could also fuel more speculation — “because CoinList listed it, I’ll invest in it” type thinking. Additionally, CoinList’s incentive will be to be more inclusive than exclusive “because they take a cut every time something is on the platform,” says Calrson-Wee, "so if they have an incentive, it’s for inclusion rather than exclusion, but it depends if [they're] optimizing for short-term profits or long-term signal.”
Still, both CoinList and SAFTS could be good antidotes to the problem of groups raising money before they have a product. It could get more groups to hold an ICO is held at the same time as the launch of the network, which, he says, “makes the crowdsale more about getting a piece of software instead of being an investor in a future piece of software."
To illustrate the dangers of raising a lot of money for an idea instead of a product, Carlson-Wee brought up the example of Clinkle, a startup that raised $30 million before it had a product and then disappeared two years later. (It also came up in my podcast on ICOs earlier this week.) “That was a great example of VC pile on," he says. "'Look, this name is backing us,' and then another guy says, If they’re backing you, I’ll back you, and then the third guy says, If those two are backing you, I’ll definitely back you, and then fourth guy says, Wow, if those three are backing you, then how can I get in on this deal?” It's an example he likes in particular because, in its early days, his former employer Coinbase was constantly asked how it would compete against Clinkle. Coinbase now has 6.9 million customers and a valuation of $500.5 million.
Man this has turned into one of the best post ever,I have gotten deep into the cyrptocurrencies.This tecnology has the ability to change our lives,lets put everybody up on this..black folks can ge in charge of their own financial freedom.I need a few weeks to better study this thread
Damn I should've gotten some when I first saw it. Something to do with youtube and online sales if I am correct? I'm going to check that out too shiiiit.
Wait, hold upYou tried to transfer a million before they realized their fuck up?
Genius
BGOL is a learning institution.
XRP is gonna do big things I see all of those other coins on coinmarket and it only makes sense that it's gonna be worth not only dollars but 3 figures some time in the future
Lets hit up Doge and byte fellas!!! Gonna try to get 1k in soon 1mill coins x a nickel and we seating pretty!
kraken does dogecoin I just checked...cuz I remember thinking they were pretty snobby about the coins you can trade on there and remember being surprised as hell they traded doge...I might take a chance and plunk something down if it ever goes below $0.001 cuz the highest I think that shit has ever been is $0.002 ...if it dips down again to $0.0005 then I might fuck w/ it...read something too about it being on its last leg
I think DGB is going to float between 250 and 450 sats until the announcement in early June w/ the minecraft server...and other gaming companies are announcing shortly after that. If there is going to be a real run... it's going to be after that. I have a huge position in DGB so I'm biased.
how high do you think it can climb? what price?
This pessimistic ass article may or may not have merit.
Are ya'll doing any lending on any other sites besides Polo?
Ain't no point in lending on Polo anymore if people can't even do shit with your loan.
Ain't no point in lending on Polo anymore if people can't even do shit with your loan.
Man my ripple went 20k down in just few hours...fuck i saw ripple going down and I sold it a few that I have on bittrex and o soon I sold it the mother fucker went back up I got scared and I bought back again just lost 6k ripples.
Very important lesson here.
Gotta have that will power not to panic sell.
It'll never be worth it to panic sell XRP.
It will bounce back - might not be today, or even until next week, but it'll be back up there and even higher.
If anything...when the price drops, panic BUY. Buy like it's never gonna be that price again, because it probably won't be.
We gotta stop falling in love with that balance number (how much it's worth in USD today) and focus on the big picture and maintain the number of XRP coins you have.
To get 6000 XRP today cost like $2200, so you got to hold on to every coin.
Thank you kind sir for your input. Much appreciated!
Tell them boys...I bought my first stash of XRP at .006 cents and at .30 cents I'm still buying
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I got a gatehub account strictly because they gave me 50 xrp. dont sound like much until that shit is worth what i think it will be then it'll be like how tf did they just give you 50 xrp?
You're right about falling in love with the balance number. For that reason I uninstalled Blockfolio from my phone, so I can't be tempted to do anything rash.
ya I remember when r n b thug was talking about losing thousands in a day...I didn't understand where he was coming from til I got blockfolio
I def see the big pic w/ ripple but it still stings a bit when the price falls back a little
That's why I just put short term coins on there after this week. Track those knowing when they are at a price I want to sell.ya I remember when r n b thug was talking about losing thousands in a day...I didn't understand where he was coming from til I got blockfolio
I'll put XRP back on there when it hits them bucks
I have no idea man. I hate speculating on price. All I know is that demand should rise significantly and then price always responds to demand. It's being integrated into maybe the most popular consumer game right now: Minecraft. That should probably attract other gaming companies as well. Just read some Korean gaming companies were working on an implementation. It will never have the same appeal as Ripple as Ripple was created specifically to solve a problem in a massive market and they have an excellent team/support behind them... Digibyte doesn't have an all star team but it's a good one.. they've been building for 3 years... have a decent community behind it and now they're about to start rolling out some apps. I think it has move upside than most of the other altcoins in that market cap range.
thanks bruh...it's on bittrex so I'm looking @ them right now
So when XRP blows up, and let's say you made millions...
Are you intending on keeping your XRP divided up that way so that you can have it set up to where you're not hitting your daily/weekly withdrawal limits on each site?
Like one week, you're only going to take 5k worth off of Kraken, then 2k off GateHub, then like 3k off Bitstamp, etc. - something like that.
And would you feel like that would also keep Sammy and your bank from getting extra cautious with you?
I kind of have it setup like a surprise.
The only site I make sure I keep track of is Kraken. So that's my working supply in my mind. When it's worth those m's it'll all be Kraken where I withdraw from that's right to the bank account. That or coinbase.
Everything else will always be crazy.
Say for instance this was a bitcoin thread... and we all had been in on bitcoin i'd be like oh shit yall i logged into my bitstamp account after about 3 years and discovered i had 15k bitcoin in there...
that sort of thing.
I totally forgot about the 20 xrp i had in Gatehub. I really don't what to do with them. I got some in my Ripple cold wallet offline. And I got some sitting on Polo.
I should just sit tight on all of them huh?
I should just sit tight on all of them huh?
damn...I love going back to this post...NEM came a long way too @ $0.21 now...$1k investment then would be worth $60k now
Man listen there are a few of these alt coins/cryptocurrency
out there that are on the verge of blowing up....
I wouldnt jump on this one right away without doing a little homework and waiting till it hits a few bucks..
1Bitcoin $16,396,233,242 $1,020 16,078,837 BTC $203,760,000 2.34%
2Ethereum $730,246,927 $8.34 87,519,497 ETH $14,907,800 1.08%
3Litecoin $229,695,266 $4.67 49,155,704 LTC $14,052,000 3.53%
4Ripple $229,438,791 $0.006314 36,337,298,649 XRP * $1,057,540 -1.31%
5Monero $220,168,130 $16.10 13,674,105 XMR $9,958,570 19.10%
6Ethereum Classic $125,634,928 $1.44 87,470,621 ETC $2,766,420 4.34%
7Dash $82,085,421 $11.74 6,994,565 DASH $3,713,580 5.63%
8MaidSafeCoin $45,021,317 $0.099483 452,552,412 MAID * $583,652 3.47%
9Augur $43,181,270 $3.93 11,000,000 REP * $240,808 3.25%
10Steem $37,966,306 $0.165334 229,633,992 STEEM $60,965 2.03%
11NEM $31,290,390 $0.003477 8,999,999,999 XEM * $65,871 0.61%
12Factom $25,899,462 $2.96 8,753,219 FCT * $1,111,790 1.85%
13Iconomi $25,870,146 $0.297358 87,000,000 ICN * $183,399 -8.67%
14Dogecoin $24,019,306 $0.000223 107,557,477,540
my cpa said the tax rate is 28%
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