BitPetite Drama, Bitcoin ATHs & is Ethereum Failing? | Q&A #10

in cryptocurrency •  7 years ago 

In this Q&A, I'll be addressing the following comments/questions:

1.) Jack gin - Bitconnect and Petite - Scams?

2.) AltGene - Should the websites that promote these new currencies be more accountable i.e. CoinMarketCap and the like?

3.) T Vil - What are we going to do about the energy waste issue with BTC mining?

4.) Dat Crypto Life - Steemit - not suitable for people without a large online presence?

5.) Seven96Eleven - Where to store IOTAs?

6.) Vincent Rdv - Is it best to wait until after the fork to buy more BTC or better to buy now?

7.) Sumitri Deva - Has Ethereum had its day? Is Ethereum just a platform for failed ICO projects?

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Coinmarketcap needs to be accountable for listing a proven scam such as Bitconnect. After all, they're making money off advertising these scams, so I'd say they are responsible.

On the other hand, total freedom and decentralization comes with a hefty dose of personal responsibility, so maybe everyone needs to let Bitconnect do their thing untill collapse ensues.

  ·  7 years ago Reveal Comment

Your sentiments on the ETH bull run swap to BTC and loyalty to ETH is exactly what I've been debating for months. In the same exact boat. I just can't sell my ETH (even though it's 97% profit) because of the POS carrot that's dangling. Hearing you mention this was like going to a therapy session.

Great to hear we're in the same boat Matt. Yeah POS is one heck of a carrot.

Yes, I also do agree with you!!!

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I keep IOTA on Binance. Not ideal but a least have 2FA enabled.

  ·  7 years ago Reveal Comment

I had the 0-balance iota issue with the lightweight wallet and i solved the problem by generating and attaching addresses to the tangle.

Me too, it spikes your heart rate when you seen a zero balance, but it's an easy fix.

Haha clearly!

  ·  7 years ago Reveal Comment

Great.. @louisthomas

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nice post
plz follow & upvote my post

I agree with the analysis regarding said coins but censorship isn't the answer I think! People need to take charge of things for themselves and not rely on coinmarketcap to hold their hand or protect them.

Any news on Electorum coins or it is just a scam as well?i will appreciate some eye opener dear friend.

  ·  7 years ago Reveal Comment

Great post. I always enjoy your videos Louis. Very well thought out and useful opinions every time.

The homie stays making ILL content. Love his intrinsic nature and willingness to check himself. Honor from Charlotte, NC.

#HoldtheReigns 🦄

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Hi Louis, following you for a while now on yt and now on steemit.
I think you're very very good in approaching problems or anything crypto on a very normal level, without the FUD and politics. Thanks for that.
That being said, I think you're wrong on ethereum ... I think the basic idea of ETH is OK, but the way they handle it is just a first try-out of something that needs more in-depth testing and a real underlying strategy. Now, ETH is just an ICO pump machine without much real use... The main thing is to diversify and get not too much money on the line here at once. Keep some cash at hand in case really great deals come along.

  ·  7 years ago Reveal Comment