Neverdie Coins, Etherium and Cryptocurrency discussion

I'm sure I have this wrong but it seems that ND has developed a scheme to outsource processing time.

Let's assume teleport token will be purchased with ND coins.

You mine for the coins on your PC.

You buy a token with the coin.

ND pays nothing for the token. He gets a coin in return which has value.

What am I missing?
 
ill be sitting here and laughing my ass off when the bubble bursts and people lose millions. and it will definitely happen. the question is when. could be a few months or maybe 2 or 3 years. if someoen is smart enough to pull out all his money in time he can make good money. but that can be said about roulette as well.
 
he's raised over 2 million so far. not bad.

am looking forward to see what project entropia v 2.0 AKA amevrica looks like
 
NDC can be used to buy Rock Dollars and wanted to know if it can be used to purchase Funds which actually pays out real PED or other form of Return on Investment?

The buyer of NDC will get things like voting rights and rights to some social funds which perform things like making life of people better in real world seems idiotic as people in democratic country vote for 1 time and see shit done by Govt. Then they don't waste 1 day to vote every time Govt is formed like done in Roctropia with NDC for next 25 years. The idea of Neverdie to form a Govt system in Rocktropia selling these NDC makes no sense if it don't give some return on investment in PED or other form of real money.

Just adventure of some highly qualified computer programmers to make cryptocurrency based coding.
 
I think the line most should take notice of the earlier $7.4 million hack.

A hacker has managed to make over $7 million in virtual currency during the Initial Coin Offering (ICO) of CoinDash by tricking people into sending their cryptocurrency to the wrong address. CoinDash, a trading platform for cryptocurrencies, has claimed that its investors were sending their funds to a hacker, and not the company, during an ethereum ICO.

Their website was compromised and the hacker changed the address to send investments to.

Ilia Kolochenko, CEO of High-Tech Bridge, says that it is unlikely that the victims of this hack will get their money back. “Technically speaking, it’s virtually impossible,” he added. “Moreover, law enforcement won’t be able to help either in this case, except if it is an insider attack that can be investigated and prosecuted.”

All because they couldn't protect a website.
 
Cryptocurrency already taxed as income on receipt of coin, not on conversion to USD in the US.

But because many of these coins are if not almost ponzi schemes, the SEC will be forced to step in at some point.
 
When does NDC and rock money go live ?

zombi_151663706_orig_.jpg
 
Make believe money is fine for those who have little or no sense, and more money than they need. Yes, value (if you can use that word for a non-tangible commodity) does bounce up and down, but that is just like any other investment.

The fact that these "coins" are kept in a "wallet" (in other words: someone else's hard drive) is the whole problem.

ALL (and I mean ALL) wallets are under continual hack attempts, or have already been hacked. Millions and millions of dollars of coins have already been stolen (just do a search "cryptocurrency stolen" and you'll see), and there are no ways to trace them or even claim "but that's mine".

It's a matter of security. Volatility in a market is acceptable. Stupidity , though, has no place in modern commerce.

If you can't hold it in your hand, YOU DON'T OWN A DAMN THING.
 
My personal "conclusion" on crytptocoin is like:

If there is no economically powerful organization (normally a state) sincerely willing to protect the value(*) of YOUR currency, there is very little point in using it.

(*) Value, as in how much [food] you can buy for this value in the coming few years.

Obviously none of the current cryptos have this. They try to sell "blockchain technology", but that is pretty orthogonal from crypto currency. Its just a tool to handle ownership. You can use blockchain even on future state controlled currencies. Maybe that will happen one day in the future, but I think there are quite a few challenges coming with it.
 
Last edited:
i think you misunderstood - exactly the centralization, the control and limitations of fiat currencies, their endless ripping off the people (planned devaluation of 50% in around 35 years) are the reason cryptocurrency was invented. some call it sound money, some call it the new gold. call it whatever you want, only use it if you like and have your very own usecase for it. ever tried sending money around half the planet?

i only wonder a bit ... how can entropians, heavily invested in virtual common dung, poop their pants about virtual value of cryptos and its insecurity? this is hilarious, like noone has ever been scammed in EU, or their PED made poof because of "wrong" actions...
 
I've been following and trading crypto actively lately (and the past few yrs). Just hopped on today in a while to see what was going on and found this thread.

I can safely say that ICO's are generally a colossal joke. It's a way for people to easily crowdfund a coin at high prices, often based on nothing more than a sales pitch or generic concept. They have been a disaster so far, ICO's have been "hacked" and lost funds, they have failed, etc. I wouldn't touch one with a 10 foot pole.

Oh yea, and the SEC just identified ICO's as securities. Puts a lot of problems in the way of these sketchy ICO's, and I highly doubt Neverdie has the lawyers behind his NDC to fit the standards imposed by the SEC. Just sounds like a joke, the Entropia economy is just too small to make an entire currency viable for investment.
 
320 million PED??? ;)

Sure, then everyone not using USD can convert to their local currency in a single operation. :)
Yeah, 32 million USD snatched. Secure stuff, eh?
 
Make believe money is fine for those who have little or no sense, and more money than they need. Yes, value (if you can use that word for a non-tangible commodity) does bounce up and down, but that is just like any other investment.

The fact that these "coins" are kept in a "wallet" (in other words: someone else's hard drive) is the whole problem.

ALL (and I mean ALL) wallets are under continual hack attempts, or have already been hacked. Millions and millions of dollars of coins have already been stolen (just do a search "cryptocurrency stolen" and you'll see), and there are no ways to trace them or even claim "but that's mine".

It's a matter of security. Volatility in a market is acceptable. Stupidity , though, has no place in modern commerce.

If you can't hold it in your hand, YOU DON'T OWN A DAMN THING.

I can hold my coins here Trezor and Ledger :popcorn:
 
Make believe money is fine for those who have little or no sense, and more money than they need. Yes, value (if you can use that word for a non-tangible commodity) does bounce up and down, but that is just like any other investment.

The fact that these "coins" are kept in a "wallet" (in other words: someone else's hard drive) is the whole problem.

ALL (and I mean ALL) wallets are under continual hack attempts, or have already been hacked. Millions and millions of dollars of coins have already been stolen (just do a search "cryptocurrency stolen" and you'll see), and there are no ways to trace them or even claim "but that's mine".

It's a matter of security. Volatility in a market is acceptable. Stupidity , though, has no place in modern commerce.

If you can't hold it in your hand, YOU DON'T OWN A DAMN THING.

This applies to everything we call money nowadays. You are made to believe by force ("legal tender"). You can be disowned by a click of a button, if the powers that be decide to do so (cf. how the verb "to cyprus" got into vernacular). Inflation does the same thing gradually, and it's by design also. All that at least isn't quite as easy on a blockchain where power is distributed by principle. Which is why it's more than a little uncertain that any country will give it official blessing.
 
Just sounds like a joke, the Entropia economy is just too small to make an entire currency viable for investment.

To small? Consider economies of scale or scale of economies. PED is an entire currency.... just saying.
 
To small? Consider economies of scale or scale of economies. PED is an entire currency.... just saying.

Ped is basically USD with another name, since it's tied to 10 peds = 1 USD.
 
i think you misunderstood - exactly the centralization, the control and limitations of fiat currencies, their endless ripping off the people (planned devaluation of 50% in around 35 years) are the reason cryptocurrency was invented. some call it sound money, some call it the new gold. call it whatever you want, only use it if you like and have your very own usecase for it. ever tried sending money around half the planet?

i only wonder a bit ... how can entropians, heavily invested in virtual common dung, poop their pants about virtual value of cryptos and its insecurity? this is hilarious, like noone has ever been scammed in EU, or their PED made poof because of "wrong" actions...
The reactions to the crypto currency brings out how well informed people are about the state of their beloved "solid currencies".

If there's a problem with crypto, everybody has heard about it.
If there's serious problems with some fiat currency, most people have never heard about em.
Wonder why's that? :scratch2:

Do you know how big is US national debt? Is it bigger or smaller than the whole GDP of USA? Do you know what is "petro dollar"? No? Right, it's understandable why you're so cheerful about the money "you can hold in your hand"... :p

And for the Europeans, who think they're better off, think again. With the long tradition of going deeper and deeper into socialism ("the welfare state" as we call it) European countries have adapted economic policies that are not sustainable long term. Read, it will all go belly up, the question is not "if" but "when".

So there's the reason why there's crypto currencies. Yes it has it's problems but it's not just a fancy toy. More like, the ship is sinking, maybe it's time to learn to swim.
 
The reactions to the crypto currency brings out how well informed people are about the state of their beloved "solid currencies".

If there's a problem with crypto, everybody has heard about it.
If there's serious problems with some fiat currency, most people have never heard about em.
Wonder why's that? :scratch2:

Do you know how big is US national debt? Is it bigger or smaller than the whole GDP of USA? Do you know what is "petro dollar"? No? Right, it's understandable why you're so cheerful about the money "you can hold in your hand"... :p

And for the Europeans, who think they're better off, think again. With the long tradition of going deeper and deeper into socialism ("the welfare state" as we call it) European countries have adapted economic policies that are not sustainable long term. Read, it will all go belly up, the question is not "if" but "when".

So there's the reason why there's crypto currencies. Yes it has it's problems but it's not just a fancy toy. More like, the ship is sinking, maybe it's time to learn to swim.

why invest in something as volatile and with a make-believe "value" like crypto currencies?
just buy land where it is cheap. lots and lots of land. buy houses, apartments, whatever. if you do that right with a little research you can make lots of money.
 
why invest in something as volatile and with a make-believe "value" like crypto currencies?
just buy land where it is cheap. lots and lots of land. buy houses, apartments, whatever. if you do that right with a little research you can make lots of money.
Right, or buy gold and silver, both will most likely get more valuable over time (long term).
Investments are good, but the problem is, they can't replace the [fiat] currency. Crypto will do that, sooner or later, in one form or another.
 
Right, or buy gold and silver, both will most likely get more valuable over time (long term).
Investments are good, but the problem is, they can't replace the [fiat] currency. Crypto will do that, sooner or later, in one form or another.

and why would the government like a currency that is basically untracable and easy to steal? the ONLY reason why some of the currencies have a high value is because its widely used as form of payment for illegal activities. that drives the price up and some idiots think its a valuable source of investment and invest in it as well.
as soon as cryptos get unuseful for illegal activities due to some sort of restrictions, they will lose 95% of their value.
 
Back
Top