☑☑☑[ANN][BSD] BitSend - online since 2014 [ Core 0.17++] - page 19.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: ?? on ??

This is insane. The competition for attention is getting more competitive. And after the long airdrop, it seems like an epic fail. So, Bitsend is a collectible now? Shaking my head.

I never thought that I will see Bitsend lower on CMC from multiple total shitcoins. I was so surprised when I saw volumes falling from 100K to 500USD in a couple of weeks.
There is still time and chance to do something but we need a committed team to take some action immediately. If this will continue and nothing will be done then in a couple of weeks Bitsend will be forgotten by the crypto world.

Delisting from Bittrex would be enough to kill Bitsend?

I was so sure that one day we will see ATH for Bitsend again and that is why I still keep holding all of my airdropped coins during these years. This project always seems very strong to me, additionally with a great and very active community. But a couple of months ago the Bitsend forum was stopped and the things start to be worse with every new week. Finally, airdrop finished and looks like all activity around the coin died at the same time.

There are many other exchanges which would be happy to list Bitsend. We should try to bring back Bitsend to live or the end will be very soon.
Never thought I would write something like that in this thread.

Cryptofolog

newbie

Activity: 16

Merit: 0

Quote from: Cent21 on July 25, 2019, 02:28:57 PM

How much will it cost to rent a vps to operate a masternode? And what about one of those masternode services?

I think you can get about 15-20 bsd a day with a masternode, but at current price thats a little.

https://nodehub.io Good masternode launch service. Cost 3.9 $ per month one masternode

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: Erkallys on August 17, 2019, 03:35:33 AM

If there is any development, yes.
However I do not know at which pace the improvements are added.
You can find the main developer here on Bitcointalk :Limx Dev.

Thanks for this but actually Limx Dev is not active from 18 JULY. This is the date of his last post.

Good to see that the last post was in the Bitsend community which is exactly in this thread but in such a hard moment it would be nice to hear something from the team, especially about the development and future plans if there are any.

Bitsend always seems to be very strong but after delisting from Bittrex exchange everything collapsed very fast.

Erkallys

legendary

Activity: 1120

Merit: 1004

Quote from: wwzsocki on August 16, 2019, 08:30:04 PM

We have to start to talk again about Bitsend because the price is going down every day and actually lost almost 97% from the ATH.

I want to change the subject and ask Bitsend community about the actual development of this coin? Is there any development actually and what is the further roadmap if there is any?

Is the team active here on Bitcointalk or any other social media channel? Are there any plans for the Bitsend future?

If there is any development, yes.
However I do not know at which pace the improvements are added.
You can find the main developer here on Bitcointalk : Limx Dev.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: rus23kav on August 16, 2019, 03:57:45 PM

I do not know what is the reason for this decision, most likely pressure from the government, there is no other explanation...
In principle, if it does not pass, then the daily withdrawal volume will be $ 5000, which is enough for most traders, because there are few large traders on this exchange.

Now I understand that decentralized exchanges even if only with cryptocurrencies have to compile with AML (anti money laundering) restrictions and that is why one has to fulfill KYC to be able to withdraw more as 5000$ in 24 hours period. I wasn't aware of that but looks like a standard in these times.

We have to start to talk again about Bitsend because the price is going down every day and actually lost almost 97% from the ATH.

I want to change the subject and ask Bitsend community about the actual development of this coin? Is there any development actually and what is the further roadmap if there is any?

Is the team active here on Bitcointalk or any other social media channel? Are there any plans for the Bitsend future?

rus23kav

copper member

Activity: 1078

Merit: 562

Quote from: wwzsocki on August 13, 2019, 05:09:18 PM

I wasn't aware of that. This is just insane, I wonder how they explained such a decision?

I do not know what is the reason for this decision, most likely pressure from the government, there is no other explanation.
Now after entering the exchange you need to create a personal account, and it says that you need to pass a check to remove restrictions on the volume of funds withdrawn.
In principle, if it does not pass, then the daily withdrawal volume will be $ 5000, which is enough for most traders, because there are few large traders on this exchange.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: tranthidung on August 14, 2019, 02:34:10 AM

...I don't know that other decentralized exchanges have USDT pairs or not, let's check.

Quote from: boomboom on August 13, 2019, 08:11:59 PM

AtomicDEX is compatible with all erc20 coins, already has USDC now and will probably get other major stable coins too...

This is a good start. Still, people are lazy and on a centralized exchange, they can withdraw to the bank or use a credit card to buy, which is the entry point for every new cryptocurrencies enthusiast.

Decentralized exchanges are rather for people who already hold some cryptocurrencies in their portfolio. One can't start his crypto journey on a decentralized exchange because there is no other way to buy crypto as only with crypto. Anyways one has to start from Coinbase or Localbitcoins to buy first BTC.

Still, don't understand such low volumes on these exchanges mentioned above, especially if they offer stablecoins pairs. BTC is already 10 years old and there are many people holding it and other cryptocurrencies if only a small percentage will use Deex or P2P exchanges this should be enough for much higher volumes.

As I said before, a phenomenon which is hard to grasp. We all want to be anonymous when trading BTC or even gambling and nobody is happy when there is a need to do KYC, but still, the majority choose centralized exchanges not only to trade but to hold crypto in their wallets, even after so many hacks (not your keys not your money).

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: wwzsocki on August 13, 2019, 05:09:18 PM

I agree with you but I think that the main reason is that such exchanges don't offer a possibility to buy crypto using FIAT, credit cards and so on. I thought it will change when multiple stablecoins popped up lately but this is not the case. To be honest I don't know any decentralized exchange which offers trading pairs with stablecoins.

Crypto Bridge has trading pairs with USDT, but as always decentralized exchanges have very low trading volume, not only in USDT pairs, but also in BTC pairs and others.
Bitcoin is the highest coin that has traded in BTC/USDT pair (last 24 hours) on Crypto Bridge, but total volume has been around $320. Other coins in USDT pairs have nearly zero volume.

There are few reasons: USDT pairs was added recently on that exchange; and latest volume of crypto market (within recent weeks) is low.

I don't know that other decentralized exchanges have USDT pairs or not, let's check.

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: wwzsocki on August 13, 2019, 05:09:18 PM

I agree with you but I think that the main reason is that such exchanges don't offer a possibility to buy crypto using FIAT, credit cards and so on. I thought it will change when multiple stablecoins popped up lately but this is not the case. To be honest I don't know any decentralized exchange which offers trading pairs with stablecoins.

AtomicDEX is compatible with all erc20 coins, already has USDC now and will probably get other major stable coins too, just need market makers.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: tranthidung on August 13, 2019, 10:53:31 AM

Volume is the most important reason and plays as main barrier of decentralized exchanges. Investors and traders don't want to join exchanges (centralized or decentralized) that have low daily volume...

I agree with you but I think that the main reason is that such exchanges don't offer a possibility to buy crypto using FIAT, credit cards and so on. I thought it will change when multiple stablecoins popped up lately but this is not the case. To be honest I don't know any decentralized exchange which offers trading pairs with stablecoins.

Quote from: rus23kav on August 13, 2019, 03:32:33 PM

...A good example of such a transformation from decentralized to centralized is IDEX...

I wasn't aware of that. This is just insane, I wonder how they explained such a decision?

AlUz

full member

Activity: 459

Merit: 100

By the way, buyers's pressure is growing at Live, Crex and Coinexchange...
And way from 60 sat to 100 is more than 50 % Huh

BSD wallets are currently under maintenance and deposits/withdrawals in this currency are temporarily unavailable at Crex.

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: tranthidung on August 13, 2019, 08:17:32 AM

Quote from: boomboom on August 13, 2019, 01:50:19 AM

I lost all faith in bittrex in 2017 when they introduced KYC rules without warning, and no grace period to withdraw. They basically stole millions of $ from account holders all around the world. Poloniex at least gave warning.

Best exchange option for bsd is AtomicDEX, no need to pay fees, just add the coin ourselves to a fully legal decentralised exchange with no kyc and no risk of getting hacked.

Decentralized exchanges are good choices, because they usually ask low listing fees or give free listings; and no KYC-requirement is another plus point. However, the main disadvantage of decentralized exchange are their low volume; most of them have very low daily volume, compare to centralized exchanges. I don't understand why you claim decentralized exchanges , or AtomicDEX in particular, has no risks of hack. Would you mind explaining more about that, please.

AtomicDEX uses atomic swaps, so users control their private keys at all times, a trade either goes through to completion or gets reversed, so you control your coins and never have a counterparty. Afaik the atomic swap tech is based on timelocks and multisig.

As for liquidity AtomicDEX allows for adding api from centralised exchanges, so market makers can pull liquidity from binance etc, and take a cut on the spread. If you want 100% security you can pay the market makers small commission for basically using his/her centralised exchange access, but without any kyc or security risk for yourself from 'not your keys not your coins' deposits.

rus23kav

copper member

Activity: 1078

Merit: 562

Quote from: wwzsocki on August 13, 2019, 09:42:40 AM

This is the phenomen which I can't grasp until now. We have all waiting for good DEEX or P2P exchanges.
People funded multiple ICO's with millions of USD only to get one running. Today there are multiple high-quality peer to peer exchanges and nobody is using them, to be honest. Why?
They are safer, there are almost no fees, for sure lower as on other exchanges, no KYC, no point of failure. And there is no volume on all of them.
I think a lot of people has a bad experience when they used the first exchange of such a type Etherdelta. We all know that it was a pain to use it. Was slow, there were no advanced orders and hall exchange was very limited.

Because people financed and invested in decentralized projects, which changed their shoes along the way and now will force them to go through the KYC procedure.
A good example of such a transformation from decentralized to centralized is IDEX. How can you trust them after that? And I do not know a more convenient yet decentralized exchange.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: wwzsocki on August 13, 2019, 09:42:40 AM

This is the phenomen which I can't grasp until now. We have all waiting for good DEEX or P2P exchanges.

People funded multiple ICO's with millions of USD only to get one running. Today there are multiple high-quality peer to peer exchanges and nobody is using them, to be honest. Why?

They are safer, there are almost no fees, for sure lower as on other exchanges, no KYC, no point of failure. And there is no volume on all of them.

I think a lot of people has a bad experience when they used the first exchange of such a type Etherdelta. We all know that it was a pain to use it. Was slow, there were no advanced orders and hall exchange was very limited.

Volume is the most important reason and plays as main barrier of decentralized exchanges. Investors and traders don't want to join exchanges (centralized or decentralized) that have low daily volume. Because they will have to struggle themselves with low daily liquidity on those exchanges when they want to buy or sell at expected price. People tend to like big-volumed exchanges, that give them as much convenience as possible for their daily tradings.

Edlack

newbie

Activity: 42

Merit: 0

Quote from: wwzsocki on August 13, 2019, 09:42:40 AM

Quote from: tranthidung on August 13, 2019, 08:17:32 AM

Decentralized exchanges are good choices, because they usually ask low listing fees or give free listings; and no KYC-requirement is another plus point. However, the main disadvantage of decentralized exchange are their low volume; most of them have very low daily volume, compare to centralized exchanges. I don't understand why you claim decentralized exchanges , or AtomicDEX in particular, has no risks of hack. Would you mind explaining more about that, please.

This is the phenomen which I can't grasp until now. We have all waiting for good DEEX or P2P exchanges.

People funded multiple ICO's with millions of USD only to get one running. Today there are multiple high-quality peer to peer exchanges and nobody is using them, to be honest. Why?

They are safer, there are almost no fees, for sure lower as on other exchanges, no KYC, no point of failure. And there is no volume on all of them.

I think a lot of people has a bad experience when they used the first exchange of such a type Etherdelta. We all know that it was a pain to use it. Was slow, there were no advanced orders and hall exchange was very limited.

Good DEX is the solution for altcoins (and Bitcoin too, but Bitcoin is strong enough to use private exchanges).
We need time and waiting that the crypto community will be smart enough to see the dead of private exchanges... and the victory of the DEX.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: tranthidung on August 13, 2019, 08:17:32 AM

Decentralized exchanges are good choices, because they usually ask low listing fees or give free listings; and no KYC-requirement is another plus point. However, the main disadvantage of decentralized exchange are their low volume; most of them have very low daily volume, compare to centralized exchanges. I don't understand why you claim decentralized exchanges , or AtomicDEX in particular, has no risks of hack. Would you mind explaining more about that, please.

This is the phenomen which I can't grasp until now. We have all waiting for good DEEX or P2P exchanges.

People funded multiple ICO's with millions of USD only to get one running. Today there are multiple high-quality peer to peer exchanges and nobody is using them, to be honest. Why?

They are safer, there are almost no fees, for sure lower as on other exchanges, no KYC, no point of failure. And there is no volume on all of them.

I think a lot of people has a bad experience when they used the first exchange of such type Etherdelta. We all know that it was a pain to use it. Slow, there were no advanced orders and hall exchange was very limited.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: boomboom on August 13, 2019, 01:50:19 AM

I lost all faith in bittrex in 2017 when they introduced KYC rules without warning, and no grace period to withdraw. They basically stole millions of $ from account holders all around the world. Poloniex at least gave warning.

Best exchange option for bsd is AtomicDEX, no need to pay fees, just add the coin ourselves to a fully legal decentralised exchange with no kyc and no risk of getting hacked.

Decentralized exchanges are good choices, because they usually ask low listing fees or give free listings; and no KYC-requirement is another plus point. However, the main disadvantage of decentralized exchange are their low volume; most of them have very low daily volume, compare to centralized exchanges. I don't understand why you claim decentralized exchanges , or AtomicDEX in particular, has no risks of hack. Would you mind explaining more about that, please.

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: Cent21 on August 13, 2019, 05:14:37 AM

Quote from: boomboom on August 13, 2019, 03:20:57 AM

....

I thought poloniex announced 30 days before KYC, I could be wrong though, I learnt my lesson with bittrex.

Only trade on DEX now! AtomicDEX will be the industry standard in 6 months.

Poloniex did not. They announced in 2017 that they were going to force kyc, but they were going to let the customers to withdraw their funds. They did not... i'm sure simply because i have funds locked there.

Ok, I understand now, both bittrex and poloniex stole millions from their customers. The future is AtomicDEX and other decentralised exchanges where users always control their private keys and never have to give their personal information away to strangers.

Cent21

hero member

Activity: 1442

Merit: 578

Quote from: boomboom on August 13, 2019, 03:20:57 AM

....

I thought poloniex announced 30 days before KYC, I could be wrong though, I learnt my lesson with bittrex.

Only trade on DEX now! AtomicDEX will be the industry standard in 6 months.

Poloniex did not. They announced in 2017 that they were going to force kyc, but they were going to let the customers to withdraw their funds. They did not... i'm sure simply because i have funds locked there.

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: Cent21 on August 13, 2019, 02:58:22 AM

Quote from: boomboom on August 13, 2019, 01:50:19 AM

I lost all faith in bittrex in 2017 when they introduced KYC rules without warning, and no grace period to withdraw. They basically stole millions of $ from account holders all around the world. Poloniex at least gave warning.

Best exchange option for bsd is AtomicDEX, no need to pay fees, just add the coin ourselves to a fully legal decentralised exchange with no kyc and no risk of getting hacked.

I agree with you. Bittrex was really unfair.

Poloniex was unfair too as they announced that they were going to force kyc but they were going to let customers to withdraw before that... On the contrary they suddenly introduced kyc without announcing first the exact date it was scheduled for... so the result was that many users have locked funds there. From a certain point of view this is even worse than bittrex, as customers were sure poloniex was going to warn them BEFORE locking their funds... but they didn't.

I hope that bsd quotes will go back up again.

I thought poloniex announced 30 days before KYC, I could be wrong though, I learnt my lesson with bittrex.

Only trade on DEX now! AtomicDEX will be the industry standard in 6 months.

Topic: ☑☑☑[ANN][BSD] BitSend - online since 2014 [ Core 0.17++] - page 19. (Read 384726 times)