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  IOLite ICO
Posted by: Jacob - 2018-03-27, 07:37 AM - Forum: Bitcoin and Altcoin - Replies (7)

The IOLite ICO is in Public Presale until 2PM GMT 27 March. (Sorry about the late notice, I only found out about it today and have been reading about it.)

It is "A universal translation platform between humans and machines"

It promises "Write smart contracts, BOTs, IoT, apps...No programming knowledge required."

What they are Solving:

"Blockchain and smart-contracts are powerful technologies which can drastically reduce business operational costs, increase efficiency, and expand operational capabilities. However, the process of writing smart contracts is lengthy, expensive, and risky since bugs in code can cause substantial financial damage. Additionally, only a handful of programmers have the niche of smart contract development. These factors combine into barriers to entry for businesses seeking to implement blockchain technology solutions."

IOLite Homepage Link
Whitepaper Link
Pitch Deck Link

If the project ends up working as advertised, anyone with a knowledge of a programming knowledge and equipped with an IDE, will be able to write a smart contract.

I see great potential in this project. It could do for Smart Contracts, what WordPress and later, Wix and other online Page Builders did for Web Development.

This can make Smart Contract Development a mainstream skill that any programmer can have in their toolbox.

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  German Researchers: Child Abuse Content Found On Bitcoin Blockchain, Users Must Be Pr
Posted by: Carsten - 2018-03-23, 09:13 AM - Forum: General discussion - Replies (10)

This could be a legal problem:

German Researchers: Child Abuse Content Found On Bitcoin Blockchain, Users Must Be Protected


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  What Does Trump’s Ban On Venezuelan Cryptocurrency Petro Mean For Its Future?
Posted by: Carsten - 2018-03-22, 12:43 PM - Forum: General discussion - Replies (6)

Is USA still a free country? I find the statements from Trump very concerning for the right to free speech and freedom to do what you want as long as it's not criminal (defined by law).


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  Slovenia to become a leader in cryptocurrency?
Posted by: Cell - 2018-03-17, 01:47 PM - Forum: General discussion - Replies (9)


Slovenia could become a leader in cryptocurrency... that will make some other countries raise some eyebrow... Smile

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  JSECoin news. A great alternative to ads.
Posted by: Carsten - 2018-03-16, 08:44 AM - Forum: Bitcoin and Altcoin - Replies (16)

Dear Sirs,

As a pre-ICO investor we would like to give you the first opportunity to see and comment on our token economics which are being finalised for the ERC20 smart contract.

Below I have outlined the key points:-

  • Inflate the currency 200x. This means your account balance and current holdings in the currency will be increased two hundred fold. However the price at ICO will be 200x times less and the max cap will increase as well (see below). The reason we want to do this is because investor psychology means the price of a token is given more weight than the total market cap. Projects with a lower per token price and higher market cap tend to do better at ICO and in post-ICO trading. There is also the benefit that miners will be “seeing” higher rewards with the minimum block reward being 1 JSE instead of 0.005 JSE currently. Your balance on the platform will increase two hundred fold but your holdings in the project as a percentage will not be affected by this change we will effectively just be moving the decimal place back.

  • We will be reducing the fixed total market cap and valuation by 50%. The initial valuation set out in our whitepaper values the project at $100m. We stated in the whitepaper that this may be reduced before ICO and we feel that this is necessary to provide better value to investors. The downside is that this limits the maximum possible amount we can raise at ICO but we feel the figures below reflect an ambitious but realistic target. This change will benefit pre-ICO investors and double your current holdings as a percentage of the fixed cap in the project.

  • A maximum of 50% of the max total cap will be made available at ICO. The project has always been focused on long-term success and retaining a significant amount of the currency in the distribution account will enable us to continue to provide mining rewards, referral bonuses etc. long in to the future without the introduction of transfer fees or commissions. This will also restrict the circulating supply providing less initial supply on the exchanges. Effectively the circulating supply will be considerably less than max total cap for many years to come, again effectively increasing the % stake of pre-ICO investors.

ERC20 Token Economics (Non-finalized)
Max total cap
10,000,000,000 (10 billion)
ICO cap
5,000,000,000 (5 billion)
Exchange rate USD
0.006 USD
$60m USD
Personal Cap
Whitelisting only over $10k USD? Ref: Notes below KYC regulations
Duration of ICO
Close as soon as cap reached, 3 months max hard limit.
Price increase / bonus
With max bonus still above $1 pre-ICO price

Founders & Advisors
5% total - (4% max between shareholders, 1% for advisors)
This remuneration is considerably lower than just about every other crypto ICO and reflects our commitment to the long-term success of the project.

Minimum transfer
$50 USD

These figures are not finalized yet and nothing is legally binding. As key stakeholders in the project we would welcome your thoughts and opinions on the information provided.

Thank you for your support and being a part of this project.

Kind regards,

David Mallett

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  Google will ban all cryptocurrency-related advertising
Posted by: Carsten - 2018-03-14, 09:40 PM - Forum: General discussion - Replies (19)

So it has come to this.  It's so sad. 


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  Decentralized Exchanges
Posted by: Hugues - 2018-03-13, 08:36 PM - Forum: Bitcoin and Altcoin - Replies (33)


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  Blockchain development course
Posted by: Carsten - 2018-03-13, 06:19 PM - Forum: Uncategorized - Replies (21)

These guys from SuperDataScience is creating some great courses on machine learning, Neural network and artificial networks. Now they plan to release a blockchain course. If you sign up I have a referral link here:


I signed up for the course!


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  Seems like Goldman Sachs WANT to buy Bitcoin!
Posted by: Carsten - 2018-03-13, 04:20 PM - Forum: General discussion - Replies (6)

With these statements Goldman Sachs has really shown interest into crypto and their prediction is to scare us all away so they can buy cheap and then come with new predictions like Bitcoin can reach $1 Million Big Grin

Goldman Sachs: Bitcoin 'Has Potential' To Drop Below February Low Of $5,922


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Question Why do we need crypto?
Posted by: Carsten - 2018-03-08, 08:46 AM - Forum: General discussion - Replies (13)

Why do we need crypto? In short it's to regain freedom from the banking system, the governments and tech companies.

Steve Bannon, former Chief Strategist to US President Donald Trump says:

“We take control of the central banks away. That will give us the power again.”

“Once you take control of your currency, once you take control of your data, once you take control of your citizenship, that’s when you’re going to have true freedom”

"Bannon accused governments, central banks, and tech companies of taking away the rights and identities of ordinary people and using them for their own purposes."


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