Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 297. (Read 775150 times)

i waited so long for the faucet, hopefully the devs will bring it back soon, thanks dev teams

Exactly, people saying this stuff doesn't make much sense.  Especially when there have already been a few times the faucet shutdown and came back.  It's not like this time it's done forever.

@RaiBlocksCommunityWill
@Byte16
what's the current state with faucet? Can we help somehow?

Some people mention the xrb faucet close effect to all altcoins get weak.

I have successfully updated wallet.




Why you write this news here? Xrb devs has never run an ICO for coins.

China has banned ICOs

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

It is looking like a new era is coming for ICOs, at least those in China for now. In the U.S., the SEC has issued official warnings around the risks of ICOs, also known as token sales, but the Chinese government looks set to beat it to implementing regulation around the rapidly growing fundraising option.

A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

ICOs involve raising funding by creating and selling new crypto tokens — commonly based on Ethereum — to investors. That’s led to comparisons with securities, with much speculation over whether financial regulators will look to regulate the space.

The Chinese committee voiced concern that some ICOs are financial scams and pyramid schemes. That echoes a recent warning from Singapore’s MAS.

“ICOs are vulnerable to money laundering and terrorist financing risks due to the anonymous nature of the transactions, and the ease with which large sums of monies may be raised in a short period of time,” MAS, Singapore’s central bank, said in an August 1 statement.

It isn’t clearly exactly which companies are on the committee’s investigation list, but already two of China’s largest platforms for buying into ICOs — ICOage and ICO.info, which help connect companies selling tokens with buyers — have suspended their services and stopped taking on new projects. Both said their suspensions were voluntary.

The number of ICOs hosted this year has risen massively across the world. The total amount raised from token sales surpassed early stage investment spending from traditional venture capitals during the first half of 2017, according to a Goldman Sachs report.

This year to date, ICO fundraising is said to have topped $1.6 billion. Already, two companies’ coins have grown to a market cap of more than $1 billion, although the significance of that landmark is unclear since neither has a product in the market right now.

China, which houses one of the world’s most active bitcoin communities, has been a key part of the ICO boom, both in terms of companies selling tokens and buyers snapping them up.

State media firm Xinhua reported in July that Chinese companies had raised $383 million from 105,000 investors during the first half of the year.

The SEC hasn’t made a firm move in the U.S. yet — despite making announcements — so all eyes will be on China to see what kind of mechanisms can govern ICOs, and indeed whether all types of ICOs will be regulated. It’ll also be interesting to watch the potential fall out of this crackdown on the market for ICOs, and crypto currencies generally, given the prominent role played by China.

Long-time crypto watchers will recall 2013, when China banned exchanges from allowing people to buy into bitcoin and other crypto coins using the local yuan currency. The result was a huge price drop, but support for yuan deposits did return and the price if bitcoin has soared to new highs — most recently $5,000 on some exchanges.

Many china investor have gone, some exchange site have stop the trading now.

faucet let's some people make ~5$ a day, which is a lot in some third world countries

The faucet distribution is very high for current daily volume and market cap. There are some advocates of the faucet in the forum i guess they are the ones takng the advantages of the faucet

All altcoin are down, what do you think is it?
Simply it is the effect.
inevitable, Stupid people can not understand.

this doesn't work anymore, it worked only when google's nocaptcha was enabled.



not only XRB/USD price is going down, but XRB/BTC price is going down too, so it's not because BTC is dropping. If BTC was dropping, XRB should be going up in BTC to maintain the same USD rate.

Now it's dropping because faucet maintenance is scaring everyone, so they sell

The faucet being on maintenance right now has nothing to do with the devaluation of RaiBlocks, in fact it is supposed to increase in value because no new supply is being created at the moment. RaiBlocks value is determined by the value of Bitcoin, and right now Bitcoin is sliding that's why RaiBocks is somewhat affected by this.

the worth are effect supply and demand, how you think the supply are great than the demand  the net worth is collapsing?

there are many bot and group player claim in the fault, for example ,in this time you can see the payout number is 5000, after 1 hour later, the number are raise to 6000, 
is that fair to solo claimer? you never claim it for yourself. 

https://www.youtube.com/watch?v=GpdRXg7nO4U

Does anyone know if anyone has created a pool for xrb? I seen them before but now I don't know not sure because of the difficulty going up

of course it should not, because this faucet is 100% perfect system for keeping a sustained long-term attention & interest in this project. Every blockchain startup should use such or similar system.

@Byte16 so what stage is faucet currently? Can we help somehow?

Thank you for your reply. I think remaining supply should be burned because with 300 Million total XRP even reaching 1 USD will need a cap of 300 Million USD next year which I think wont happen.

"collapse", lol.  You don't know what you're talking about.  LONG TERM the price right now is doing exactly what I said, fluctuating.  It's equivalent to when XRP was 1000 sat, who cares if it's 800 satoshi or 1000 satoshi when you're thinking long term.  All of that is forgetten when it hits 10,000 satoshi.

It's 15xrb not 1,5xrb. And 15xrb/10min, Are you think it is littel?

Now wondering what changes will be made after this long maintenance, good luck devs, thanks for your hard work!

supply isn't the cause, it's just that when faucet closes, xrb holders starts to panic, so they sell off. I noticed this pattern repeating for many times

Too many micro payments will due to the high loading, i dont think this is the good one and 3000/200= 1,5 mrai It's not even a good ideal.