[ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 45.

my luck

legendary

Activity: 2744

Merit: 1706

bitgesell.fun & bitgesell.space

Quote from: ilovealtcoins on May 04, 2021, 10:34:01 AM

Quote from: coin-investor on May 03, 2021, 08:24:12 AM

Quote from: ilovealtcoins on May 03, 2021, 01:55:58 AM

The idea of a currency that burns transaction fees has been around for a long time. The proof is that XRP completely burns transaction fees after each transaction.
Burning transaction fees will reduce the number of coins in circulation and create value for the cryptocurrencies held in the market.
Bitgesell is a new project whose marketing capabilities are growing over time. The project's capitalization is low and looks at a potential.

It really has a good potential in the future, I'm glad and blessed that the signature campaign is ongoing I have the opportunity to accumulate more Bitgesell, Hotbit is still not online for those whose Bitgesell is locked on Hotbit this is the update on the status of Hotbit

https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

Follow the update they give status as often as they can daily.

The capitalization of this project is still very low. As long as it gets listed on a large exchange an explosion of value can happen. Investing 100 $ and I can get back 1000 $ is my idea now. I hope the adoption of this coin will happen soon. A crypto deflator via transaction fees is not a new idea. I worry that miners will have no incentive to mine the project because the transaction fee rewards are burned. This is different from Bitcoin, Ethereum or other cryptocurrency projects mined using other computer equipment.

If the price for BGL coin goes up, then I am ready to calculate the hashes using a calculator, pencil and paper

It's all about financial interest, miners are able to count their profits.
Incidentally, I see an increase in the hashrate of the network in 2 times recently.

ilovealtcoins

sr. member

Activity: 1246

Merit: 263

SmartFi - EARN, LEND & TRADE

Quote from: coin-investor on May 03, 2021, 08:24:12 AM

Quote from: ilovealtcoins on May 03, 2021, 01:55:58 AM

The idea of a currency that burns transaction fees has been around for a long time. The proof is that XRP completely burns transaction fees after each transaction.
Burning transaction fees will reduce the number of coins in circulation and create value for the cryptocurrencies held in the market.
Bitgesell is a new project whose marketing capabilities are growing over time. The project's capitalization is low and looks at a potential.

It really has a good potential in the future, I'm glad and blessed that the signature campaign is ongoing I have the opportunity to accumulate more Bitgesell, Hotbit is still not online for those whose Bitgesell is locked on Hotbit this is the update on the status of Hotbit

https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

Follow the update they give status as often as they can daily.

The capitalization of this project is still very low. As long as it gets listed on a large exchange an explosion of value can happen. Investing 100 $ and I can get back 1000 $ is my idea now. I hope the adoption of this coin will happen soon. A crypto deflator via transaction fees is not a new idea. I worry that miners will have no incentive to mine the project because the transaction fee rewards are burned. This is different from Bitcoin, Ethereum or other cryptocurrency projects mined using other computer equipment.

(o)(o)ilikeboobs(o)(o)

full member

Activity: 826

Merit: 105

The idea of tx burning is pretty good but I find that to be successful in this cryptocurrency adoption requires regular wallet traffic.
Right now people prefer trading on centralized exchanges so burning transaction fees is less likely.
To make tx more regular requires community support.

my luck

legendary

Activity: 2744

Merit: 1706

bitgesell.fun & bitgesell.space

Quote from: OcTradism on May 03, 2021, 10:37:54 PM

Quote from: UsernameNumber7 on May 03, 2021, 10:24:25 PM

3) Creating a clear Pyramid scheme dumping the coins at the start with only the conspirators having access to the secret keys which ones they intend to bring down or promote using their vast powers!

Pyramid scheme? What did you mean?

I am not aware of Pyramid scheme from BitGeSell, can you give link to any scheme you know?

The price of BitGeSell is still low and does not have 10x or 100x from that I can wait for months to see higher price. As accumulator, the problem for me is low volume and high spread of price on available market. It makes accumulation at my target price is hard and it is not easy to accumulate without effects on price. I don't want to buy up the price and force myself to accept more expensive price on the market buy orders.

Do not bother to answer people who do not want to understand the details. It is enough to read about what he writes on this forum and see the link in his signature to understand that he is just foolishly trolling.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: UsernameNumber7 on May 03, 2021, 10:24:25 PM

3) Creating a clear Pyramid scheme dumping the coins at the start with only the conspirators having access to the secret keys which ones they intend to bring down or promote using their vast powers!

Pyramid scheme? What did you mean?

I am not aware of Pyramid scheme from BitGeSell, can you give link to any scheme you know?

The price of BitGeSell is still low and does not have 10x or 100x from that I can wait for months to see higher price. As accumulator, the problem for me is low volume and high spread of price on available market. It makes accumulation at my target price is hard and it is not easy to accumulate without effects on price. I don't want to buy up the price and force myself to accept more expensive price on the market buy orders.

UsernameNumber7

member

Activity: 256

Merit: 60

Buying now while the massive distribution is ongoing is not intelligent!

The end will likely not find enough followers to support the Blockchain..........

1) Critical flaw which can still be fixed early on which I would not buy Bitgesell for only his Names sake.

2) Even Real Gold has new production every year

3) Creating a clear Pyramid scheme dumping the coins at the start with only the conspirators having access to the secret keys which ones they intend to bring down or promote using their vast powers!

4) There should always be a constant emission of new coins to support new growth

5) Bitgesell is too similar to Tom Brady's Wife so you might need to ask for permission!

my luck

legendary

Activity: 2744

Merit: 1706

bitgesell.fun & bitgesell.space

Quote from: coin-investor on May 03, 2021, 08:24:12 AM

Quote from: ilovealtcoins on May 03, 2021, 01:55:58 AM

The idea of a currency that burns transaction fees has been around for a long time. The proof is that XRP completely burns transaction fees after each transaction.
Burning transaction fees will reduce the number of coins in circulation and create value for the cryptocurrencies held in the market.
Bitgesell is a new project whose marketing capabilities are growing over time. The project's capitalization is low and looks at a potential.

It really has a good potential in the future, I'm glad and blessed that the signature campaign is ongoing I have the opportunity to accumulate more Bitgesell, Hotbit is still not online for those whose Bitgesell is locked on Hotbit this is the update on the status of Hotbit

https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

Follow the update they give status as often as they can daily.

Now, when the BGL coin price is so small, it makes sense to accumulate large amounts not only when the signature campaign is ongoing. I buy on the market as soon as I have additional free money Wink

coin-investor

hero member

Activity: 3080

Merit: 616

Leading Crypto Sports Betting & Casino Platform

Quote from: ilovealtcoins on May 03, 2021, 01:55:58 AM

The idea of a currency that burns transaction fees has been around for a long time. The proof is that XRP completely burns transaction fees after each transaction.
Burning transaction fees will reduce the number of coins in circulation and create value for the cryptocurrencies held in the market.
Bitgesell is a new project whose marketing capabilities are growing over time. The project's capitalization is low and looks at a potential.

It really has a good potential in the future, I'm glad and blessed that the signature campaign is ongoing I have the opportunity to accumulate more Bitgesell, Hotbit is still not online for those whose Bitgesell is locked on Hotbit this is the update on the status of Hotbit

https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

Follow the update they give status as often as they can daily.

ilovealtcoins

sr. member

Activity: 1246

Merit: 263

SmartFi - EARN, LEND & TRADE

The idea of a currency that burns transaction fees has been around for a long time. The proof is that XRP completely burns transaction fees after each transaction.
Burning transaction fees will reduce the number of coins in circulation and create value for the cryptocurrencies held in the market.
Bitgesell is a new project whose marketing capabilities are growing over time. The project's capitalization is low and looks at a potential.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Sled on May 02, 2021, 05:12:40 PM

Let's just monitor, they will be back soon, hopefully no funds were stolen and if there is, hopefully Hotbit will be able to refund it in full.

According to their updates on Twitter, I think hackers have yet touched to their wallets (cold and hot) and Hobit together with audit companies are working intensively and effectively to bring their services back ASAP.

Latest update from Hotbit and all are good so far.

Quote

May 3rd, 2021
2:00 AM UTC Approximately 90% of server basic system restoration is finished.
The progress will be updated continuously on a daily basis until the site is fully recovered

Source: https://twitter.com/Hotbit_news/status/1389049466125099008

BitGeSell. Its price has a jump of 25% in latest 24hours. Good enough for the rally to retest the All time high cap. I will hold my BitGeSell coins next 7 months. At least, I don't plan to sell my BitGeSell at cheap prices. Holding is important and easiest way to get profit in bull market. Altcoin season is on going and has yet finished.

BitGeSell price. Because of temporary maintenance on Hotbit, you have few exchanges to buy the coin: Crex24.com and Digifinex.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: coin-investor on May 02, 2021, 05:00:03 PM

Quote from: Sanitough on May 01, 2021, 11:29:25 AM

I hope Hotbit would be able to recover as although they don't lose money but losing sensitive information entrusted to them is a big risk to their reputation. of all the 3 exchanges that listed Bitgesell, I found hotbit as the easiest to use, if they can't grow volume on hotbit, maybe they need to add more exchanges.

Hotbit is not yet accessible, with two million members waiting for the update and database deleted by the hackers they need to upload a copy to their server, this is the kind of news that we all waiting for because it's useless to log in if we cannot have our login details, this is another example of not putting your coins for a long period of time, the risk is just too high now, hackers are always on the works.

Their statement here.

https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

Quote

Dear respected users,
Hotbit just suffered a serious cyber attack starting around 08:00 PM UTC, April 29,2021, which led to the paralyzation of a number of some basic services. Meanwhile, the attackers also tried to hack into Hotbit’s wallets (However, the attempt was identified and stopped by our risk control system).
In this case, Hotbit team has shut down all services for inspection and restoration immediately, and the overall recovery period is expected to be no less than 7 days.
Please note that all your assets are safe and secure, and you can follow us on Twitter,Facebook, and Telegram for Hotbit’s latest recovery progress.

Let's just monitor, they will be back soon, hopefully no funds were stolen and if there is, hopefully Hotbit will be able to refund it in full.

coin-investor

hero member

Activity: 3080

Merit: 616

Leading Crypto Sports Betting & Casino Platform

Quote from: Sanitough on May 01, 2021, 11:29:25 AM

I hope Hotbit would be able to recover as although they don't lose money but losing sensitive information entrusted to them is a big risk to their reputation. of all the 3 exchanges that listed Bitgesell, I found hotbit as the easiest to use, if they can't grow volume on hotbit, maybe they need to add more exchanges.

Hotbit is not yet accessible, with two million members waiting for the update and database deleted by the hackers they need to upload a copy to their server, this is the kind of news that we all waiting for because it's useless to log in if we cannot have our login details, this is another example of not putting your coins for a long period of time, the risk is just too high now, hackers are always on the works.

Roman.Chi

newbie

Activity: 5

Merit: 0

Quote from: gcf0z on April 30, 2021, 04:21:48 AM

Quote from: Roman.Chi on April 30, 2021, 03:51:28 AM

Quote from: OcTradism on April 27, 2021, 09:14:41 PM

Quote from: Roman.Chi on April 27, 2021, 06:04:24 AM

Thank you for testing our application. Best regard! Would you describe more about this bug? I want to reproduce it. Would you tell me an address you use?

Hi Roman.Chi

If you are member of the team that built up the Moneta.Today application, I recommend you to create a service announcement topic for your wallet.
Board: Service Announcements. In previous post, I understand that the team have plans to add Bitcoin for the wallet. It will not only restricted to BitGeSell so that Service Annoucements board can be appropriate for your topic.

Yes, I am own of this application. Thank you for recommendation, I will use it. If you have any other questions or proposals, let me know please.

Please add a way to protect the wallet. Biometric or passcde/pin... thank you! I love the design btw

Yes, we are already in progress! I will tell you about update as soon as we can.

Sanitough

hero member

Activity: 2954

Merit: 719

Quote from: my luck on May 01, 2021, 02:12:06 AM

Quote from: Sanitough on April 30, 2021, 04:45:53 PM

Quote from: Daltonik on April 30, 2021, 11:41:54 AM

Hotbit today reported a hacker attack and a possible leak of personal data of 2 million users, while stating that all funds are safe. It takes from 7 to 14 days to restore the normal operation of the exchange at their request. Sad

So that leaves two working BGL exchanges at the moment https://crex24.com/exchange/BGL-BTC https://www.digifinex.com/en-ww/trade/USDT/BGL
https://twitter.com/Hotbit_news/status/1388115394271932417 https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

That information is very important, this news would hit the reputation of the exchange, I hope my information is safe as I have fully verified my account with hotbit, though I'm not worried as I don't have funds stored in that exchange.

BGL price is stable _ https://coinmarketcap.com/currencies/bitgesell/.. however the exchange volume is not.

I have successfully traded on this exchange and have been able to increase my BGL holdings well. After that, I removed the coins to my local wallet. Now I understand that it was the right decision.

I hope Hotbit would be able to recover as although they don't lose money but losing sensitive information entrusted to them is a big risk to their reputation. of all the 3 exchanges that listed Bitgesell, I found hotbit as the easiest to use, if they can't grow volume on hotbit, maybe they need to add more exchanges.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: my luck on May 01, 2021, 02:12:06 AM

I have successfully traded on this exchange and have been able to increase my BGL holdings well. After that, I removed the coins to my local wallet. Now I understand that it was the right decision.

Not your keys, not your coins. It is a warning for everyone in cryptocurrency market. If you store your coins on exchanges, you put your coins in uncertainty as you can not control what will happen with exchanges?

They can be hacked (customer personal data, funds can be stolen).
They can be frozen by governments.
They can make scam exits.

I make deposits to exchanges when I want to sell my coins. When my orders are filled, I will withdraw my funds from exchanges. If my fund is in crypto, I will send it to my non custodial wallets. With private keys, seeds I will be able to get access to my crypto and can recover my wallets.

my luck

legendary

Activity: 2744

Merit: 1706

bitgesell.fun & bitgesell.space

Quote from: Sanitough on April 30, 2021, 04:45:53 PM

Quote from: Daltonik on April 30, 2021, 11:41:54 AM

Hotbit today reported a hacker attack and a possible leak of personal data of 2 million users, while stating that all funds are safe. It takes from 7 to 14 days to restore the normal operation of the exchange at their request. Sad

So that leaves two working BGL exchanges at the moment https://crex24.com/exchange/BGL-BTC https://www.digifinex.com/en-ww/trade/USDT/BGL
https://twitter.com/Hotbit_news/status/1388115394271932417 https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

That information is very important, this news would hit the reputation of the exchange, I hope my information is safe as I have fully verified my account with hotbit, though I'm not worried as I don't have funds stored in that exchange.

BGL price is stable _ https://coinmarketcap.com/currencies/bitgesell/.. however the exchange volume is not.

I have successfully traded on this exchange and have been able to increase my BGL holdings well. After that, I removed the coins to my local wallet. Now I understand that it was the right decision.

Sanitough

hero member

Activity: 2954

Merit: 719

Quote from: Daltonik on April 30, 2021, 11:41:54 AM

Hotbit today reported a hacker attack and a possible leak of personal data of 2 million users, while stating that all funds are safe. It takes from 7 to 14 days to restore the normal operation of the exchange at their request. Sad

So that leaves two working BGL exchanges at the moment https://crex24.com/exchange/BGL-BTC https://www.digifinex.com/en-ww/trade/USDT/BGL
https://twitter.com/Hotbit_news/status/1388115394271932417 https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

That information is very important, this news would hit the reputation of the exchange, I hope my information is safe as I have fully verified my account with hotbit, though I'm not worried as I don't have funds stored in that exchange.

BGL price is stable _ https://coinmarketcap.com/currencies/bitgesell/.. however the exchange volume is not.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: Daltonik on April 30, 2021, 11:41:54 AM

Hotbit today reported a hacker attack and a possible leak of personal data of 2 million users, while stating that all funds are safe. It takes from 7 to 14 days to restore the normal operation of the exchange at their request. Sad

So that leaves two working BGL exchanges at the moment https://crex24.com/exchange/BGL-BTC https://www.digifinex.com/en-ww/trade/USDT/BGL
https://twitter.com/Hotbit_news/status/1388115394271932417 https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

Security is really important for exchanges, hackers will try and try their best to get in. And for all crypto users, this is a reminder again not to store your coins long-term in exchanges. As you have no idea when will they will be attacked by hackers.

Are we going to see another price increase for BGL here? Now, that they have android app, more crypto users may take a look at this coin and use it.

Daltonik

legendary

Activity: 2618

Merit: 1505

Hotbit today reported a hacker attack and a possible leak of personal data of 2 million users, while stating that all funds are safe. It takes from 7 to 14 days to restore the normal operation of the exchange at their request. Sad

So that leaves two working BGL exchanges at the moment https://crex24.com/exchange/BGL-BTC https://www.digifinex.com/en-ww/trade/USDT/BGL
https://twitter.com/Hotbit_news/status/1388115394271932417 https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

gcf0z

newbie

Activity: 20

Merit: 2

Quote from: Roman.Chi on April 30, 2021, 03:51:28 AM

Quote from: OcTradism on April 27, 2021, 09:14:41 PM

Quote from: Roman.Chi on April 27, 2021, 06:04:24 AM

Thank you for testing our application. Best regard! Would you describe more about this bug? I want to reproduce it. Would you tell me an address you use?

Hi Roman.Chi

If you are member of the team that built up the Moneta.Today application, I recommend you to create a service announcement topic for your wallet.
Board: Service Announcements. In previous post, I understand that the team have plans to add Bitcoin for the wallet. It will not only restricted to BitGeSell so that Service Annoucements board can be appropriate for your topic.

Yes, I am own of this application. Thank you for recommendation, I will use it. If you have any other questions or proposals, let me know please.

Please add a way to protect the wallet. Biometric or passcde/pin... thank you! I love the design btw

Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 45. (Read 28215 times)