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toppleover said..

cryptotrader said..
Any WA people getting into Power Ledger.

Sounds very promising. I've been reading bits and pieces on it for a few weeks now.

www.powerledger.io

Apart from it's real world applications there were three other rumours I wanted to clear up - all seem somewhat true:

1. Trials with Orign Energy
2. Interest from Elon Musk
3. Chair is the Mayor of Perth

reneweconomy.com.au/origin-energy-trials-solar-trading-blockchain-start-power-ledger-91263/
www.huffingtonpost.com.au/2017/10/05/power-ledger-the-aussie-company-thats-using-blockchain-to-digitise-energy_a_23233202/
www.abc.net.au/news/2017-10-25/who-is-new-perth-deputy-mayor-jemma-green/9085746

It's almost a story that's too good to be true.



The other unsubstantiated rumour I heard is that it is going to be listed in the coming week on bittrex - if this happens price could easilly double again.

I'm in QLD & got in on the ICO, also bought more last night.

Some of the team joined our Telegram Group yesterday. They really inspired a lot of confidence. They have a massive support base and reading up about them made me work up FOMO. I bought in today.

You must be pretty happy.

Im going to start a new crypto one next week call the bellend. How do I build a support base for such riches?

^ You absolutely can!

Clone any of the open source projects. Make your mods, give it a name, presto!
Estimated value = 0.

Hey, you could just be really honest about it and launch it as a joke.
Or, you could buy dogecoin. Or ****coin.

I know it's hard to imagine but there are other people that have already had your ideas. You are not a unique and individual snowflake.

You > "Haha! Hey what about using a kite instead of a sail?! Why hasn't anyone considered this?"

I don't understand Power Ledger.

How do I transfer *the electricity* to the person that bought it?

Every description, including the white paper, glosses over that. Genuine question.

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evlPanda said..
I don't understand Power Ledger.

How do I transfer *the electricity* to the person that bought it?

Every description, including the white paper, glosses over that. Genuine question.

When I don't understand something crypto related I hop on Telegram and start asking questions.

Why don't you Join their telegram group and ask the direct question there?

t.me/joinchat/Gop-90DIMiPF7N_EtvFzjA

^ you misunderstand.

You met them and they inspired so much confidence you bought in.

My question is really simple:
When Alice in Perth sells electricity to Bob in Melbourne how the **** does that even work?
Not the money, the electricity.

It all makes sense if there is a direct connection, if you're all in the same apartment block, but not on any scale outside of that, that I can see.

You must know. It's the first question anyone would ask.

Hey psssst. Everyone. When they say "the blockchain" they mean "THE blockchain". Can you guess which one it is?
Alt-coins (think alternative medicine) are good as experimental testbeds. If they work the feature will be copied onto the main chain (the big B).

Alt-coins:


Power Ledger's AMA didn't go down too well:
www.reddit.com/r/IAmA/comments/73zjv8/we_are_the_team_from_power_ledger_creators_of_the/?st=j9orvukf&sh=e217ea0c

ICOs are dodgy. Buyer beware.

Beware people selling snake oil.

I'm gonna be interested in this quick reply....it might just be ICOs in a nutshell

The first question I would ask: why would he change his login if he was fairdingkum ?

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evlPanda said..
My question is really simple:
When Alice in Perth sells electricity to Bob in Melbourne how the **** does that even work?
Not the money, the electricity.

I'm a trader, a crypto currency speculator. I understand there are huge risks.

When I open this browser, I don't ask how the internet works. It just does. I've satisfied myself that the project is solid enough for me to invest in. If I have any further questions about it - I'll ask them.

It doesn't matter to me that Alt Coins/ICOs/Blockchain are not for you.

What's so hard for you to understand?

Yep thought so. Absolutely NO IDEA what you just bought. Just speculating it will go up so you can make a quick buck from a greater fool.The bulk of ICOs are like this I suspect.

I've just read the whitepaper and and for once it's in an area I know well. So many hurdles that are ignored or glossed over to the point where it's just fantasy.

But yeah it may well double. Why not? There's always a bigger fool you can offload to until the music stops.

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cryptotrader said..

evlPanda said..
My question is really simple:
When Alice in Perth sells electricity to Bob in Melbourne how the **** does that even work?
Not the money, the electricity.

I'm a trader, a crypto currency speculator. I understand there are huge risks.

When I open this browser, I don't ask how the internet works. It just does.

You want an answer to a simple question - go and ask them, read their whitepaper, stop repeating yourself. I refuse to spoon feed tards.

If Alt Coins/ICOs are not for you - so what.

As an experiment, why don't we see where the price of this is in one months time - 8 December? Right now it's $US 0.22c

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Bara said..
Yep thought so. Absolutely NO IDEA what you just bought. Just speculating it will go up so you can make a quick buck from a greater fool.The bulk of ICOs are like this I suspect.

I've just read the whitepaper and and for once it's in an area I know well. So many hurdles that are ignored or glossed over to the point where it's just fantasy.

But yeah it may well double. Why not? There's always a bigger fool you can offload to until the music stops.

I'm just a speculator, not an expert.

I invest in coins I know absolutely nothing about - coins I haven't even heard of, if I get an alert to a coin thats pumping hard - Sometimes I will put money on it - even if it's just to make 3 or 4% in a few minutes. Here is the bot I wrote that monitors the market for such events.

t.me/AlertsToPumpsAndDumps

This has helped me lots of times in both getting in and out of coins.

I've even written my own trading bots that set upper and lower stop points - which allow me to sleep. Long ago, I stopped predicting what the market may do. I invested in Power Ledger, because they are Australian, the story is good, and there is a lot of support for them.

Yep, thought so - you have Absolutely NO IDEA on what to say next?

^ You are the only person that doesn't understand the point they are clearly making.

You said:
"Some of the team joined our Telegram Group yesterday. They really inspired a lot of confidence. They have a massive support base and reading up about them made me work up FOMO. I bought in today."

But you clearly don't understand even the very first thing about the Project, which is how the electricity is traded between Alice and Bob.

You're clearly a speculator, as you admit, working off technical analysis. That's fine. No problem.

But don't come in here saying you've also done fundamental analysis on a product, that is A SCAM, because that is pumping. That is selling snake oil.

And the only topic you've discussed and posted on is this one.

I say ban him? (and ICOs (and Ethereum))?

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evlPanda said..
You're clearly a speculator, as you admit, working off technical analysis. That's fine. No problem.

No sh1t sherlock - how many times have I said that I'm a crypto currency speculator - fark me.

I don't go on here pretending I'm an expert like you and Bara. I don't pretend I can beat the market.

Power Ledger are a Perth based company that is chaired by the Mayor of Perth, They are hoping to solve a real problem using a creative new solution. They have a massive support base and I think they have a lot of potential.

Just because you hate them doesn't mean they should be banned - ffs. Very easy to call scam - let's see.

I also don't really believe in TA (wrong again) - I mean I look at graphs, but that's it - I'm more of a vibe trader, I listen to people in the market, I look at and follow signals, hard to explain - I try to follow what's hot, I'll buy what's being pumped and usually get out quickly. I set tight lower stop points.

I buy incrementally in the dips and sell when a coin behaves like a man who hasn't had sex in three months.

It doesn't always work but whatever I've been doing has worked amazingly well for me in the past 4 months.

...But don't come in here saying you've also done fundamental analysis on a product, that is A SCAM, because that is pumping. That is selling snake oil.

And the only topic you've discussed and posted on is this one.

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evlPanda said..
...But don't come in here saying you've also done fundamental analysis on a product, that is A SCAM, because that is pumping. That is selling snake oil.

And the only topic you've discussed and posted on is this one.

Nowhere did I say that I have done fundamental analysis, I said they joined my group and they inspired confidence.

What proof do you have that power ledger is a 'SCAM' and is 'snake oil' Are you also accusing the Mayor of Perth of being involved in FRAUD?

Laurie the owner of this forum is from WA. I wonder if he will come under pressure for your 'unsubstantiated' comments - lets find out.

Substantiate your SCAM claims. Tell us why the Mayor of Perth chairs a SCAM?

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cryptotrader said..

evlPanda said..
You're clearly a speculator, as you admit, working off technical analysis. That's fine. No problem.

No sh1t sherlock - how many times have I said that I'm a crypto currency speculator - fark me.

I don't go on here pretending I'm an expert like you and Bara. I don't pretend I can beat the market.

I also don't really believe in TA (wrong again) - I mean I look at graphs, but that's it - I'm more of a vibe trader, I listen to people in the market, I look at and follow signals, hard to explain - I try to follow what's hot, I'll buy what's being pumped and usually get out quickly. I set tight lower stop points.

I buy incrementally in the dips and sell when a coin behaves like a man who hasn't had sex in three months.

It doesn't always work but whatever I've been doing has worked amazingly well for me in the past 4 months.

Oh its the vibe!

great now you have admitted it please stop with the whole Ive done my research spiel and stick with " ive bought this stuff cos of the vibe i got and I want it to go up so you should buy some too" and leave it at that eh?

I did that **** in the dot com bubble and it went well for me and all my mates for a good year till we gave up 80% of our gains when it burst in a hurry. Rarely understood what I was buying just that demand was high and it had a good story. Still was better than the latecomers who lost their shirts. And that was in a regulated and relatively efficient share market where people still had some laws to abide by.

This has been a real insight for me though - an ICO in an area i know quite a bit about. That whitepaper would have been laughed out of our offices it has so many flaws. The team they have is from the only non deregulated market in Australia (barring the NT) so no track record on solving the very basic flaws in the business model either.

The key relationships are murky at best and missing the really key one - the market operator.

And best of all the incentives on either end (buyer and seller) are uneconomic - probably even value destroying for them best I can work out.

And yet they took $34M from a bunch of mugs with quick bucks in their eyes !

Applying this ICO to all the others where I dont understand the business model anywhere near as well means they are all only ever ever short term trades for me now if I touch em at all and ill be keeping a close ear to the ground for when the music stops aye!

evilPanda

Power Ledger is an Australian Technology company chaired by the Mayor of Perth that is attempting to solve a real world problem.

You either need to substantiate your claim that Power Ledger is a "scam" or you need to formally retract that comment.

Which is it?

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Bara said..

Oh its the vibe!

great now you have admitted it please stop with the whole Ive done my research spiel and stick with " ive bought this stuff cos of the vibe i got and I want it to go up so you should buy some too" and leave it at that eh?

I did that **** in the dot com bubble and it went well for me and all my mates for a good year till we gave up 80% of our gains when it burst in a hurry. Rarely understood what I was buying just that demand was high and it had a good story. Still was better than the latecomers who lost their shirts. And that was in a regulated and relatively efficient share market where people still had some laws to abide by.

This has been a real insight for me though - an ICO in an area i know quite a bit about. That whitepaper would have been laughed out of our offices it has so many flaws. The team they have is from the only non deregulated market in Australia (barring the NT) so no track record on solving the very basic flaws in the business model either.

The key relationships are murky at best and missing the really key one - the market operator.

And best of all the incentives on either end (buyer and seller) are uneconomic - probably even value destroying for them best I can work out.

And yet they took $34M from a bunch of mugs with quick bucks in their eyes !

Applying this ICO to all the others where I dont understand the business model anywhere near as well means they are all only ever ever short term trades for me now if I touch em at all and ill be keeping a close ear to the ground for when the music stops aye!

You lost money in the Dot Com because you have weak hands and obviously don't have the ticker for crypto.

So let me get this right .....are you also saying Power Ledger is a "SCAM" and a laughable project. Do you think the Mayor of Perth is deliberately misleading people by chairing this venture?

Do you think the only purpose of Power Ledger's existence was to get ICO funding.

Please elaborate.

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cryptotrader said..

Bara said..

Oh its the vibe!

great now you have admitted it please stop with the whole Ive done my research spiel and stick with " ive bought this stuff cos of the vibe i got and I want it to go up so you should buy some too" and leave it at that eh?

I did that **** in the dot com bubble and it went well for me and all my mates for a good year till we gave up 80% of our gains when it burst in a hurry. Rarely understood what I was buying just that demand was high and it had a good story. Still was better than the latecomers who lost their shirts. And that was in a regulated and relatively efficient share market where people still had some laws to abide by.

This has been a real insight for me though - an ICO in an area i know quite a bit about. That whitepaper would have been laughed out of our offices it has so many flaws. The team they have is from the only non deregulated market in Australia (barring the NT) so no track record on solving the very basic flaws in the business model either.

The key relationships are murky at best and missing the really key one - the market operator.

And best of all the incentives on either end (buyer and seller) are uneconomic - probably even value destroying for them best I can work out.

And yet they took $34M from a bunch of mugs with quick bucks in their eyes !

Applying this ICO to all the others where I dont understand the business model anywhere near as well means they are all only ever ever short term trades for me now if I touch em at all and ill be keeping a close ear to the ground for when the music stops aye!

You lost money in the Dot Com because you have weak hands.

is that the vibe telling you that????

Lol its not poker crypto. I think thats where you go wrong. Its a bit like poker though except that the pot can evaporate before your eyes and your strong hand buys you nothing in the end.

I stand by what ive said here. Yet to hear from you specifically just what gives you such "confidence" from the telegram discussion (other than that the chair is a dark horse mayor so cant possibly be involved in a scam)

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Bara said..
Lol its not poker crypto. I think thats where you go wrong. Its a bit like poker though except that the pot can evaporate before your eyes and your strong hand buys you nothing in the end.

I stand by what ive said here. Yet to hear from you specifically just what gives you such "confidence" from the telegram discussion (other than that the chair is a dark horse mayor so cant possibly be involved in a scam)

It's a lot like poker - there are winners and losers. You obviously fall into the latter group.

I stand behind what I said - I'm satisfied that Power Ledger are a legitimate Perth based company that are attempting to solve a real world problem using future technologies. I and many others believe they have a lot going for them. I've invested in them for that reason and I wish them all the best.

I don't need to elaborate any further - so I won't.

Remember I'm not the one calling the company a SCAM and slandering them on a public forum - lol

Panda - gone all quiet mate - nothin to say?

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Bara said..
So looking at dipping my big toe in on the cryptos and wondering what exchanges you guys have ended up using. Initial looking sees the fees are pretty huge -

ie to get from AUD to a wallet means fees anywhere from 2% up to 6% via ccards or bank transfers
to actually get bitcoins on the couple exchanges ive looked at has buy sell spreads of up to $100.

So are there any reasonable sites out there that youve found or is pretty much the state of the market right now?

Hahaha.

Lost your guts on dot com.

Dipped your toe into crypto on 16 Oct this year and three weeks later you are an authority on ICOs and a crypto trading expert?

Do you even know what an ICO is?

You are the fraud, have you even got skin in the game yet?

Pfffft

No crypto i didnt lose my guts as you put it from a weakhand or whatever i just gave back 80% of my profits when the bubble burst. Everyone knew it was a house of cards but you still get caught out. Just like you will.

I'm no expert on ICOs but what you have shown here is that you aren't either. Far from it in fact.

But you are a wonderful insight into some of the traders in crypto so thanks really.

I am an expert in energy trading and risk management though so this particular ICO is one of the few I can get my head around and frankly it's pretty concerning if this can get $34m in throwaway money.

I have to assume many other ICOs have a similar lack of substance yet garner funding also. This is even more concerning.

You will lose your shirt eventually. Just please come back here and tell us all about it.

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Bara said..
No crypto i didnt lose my guts as you put it from a weakhand or whatever i just gave back 80% of my profits when the bubble burst. Everyone knew it was a house of cards but you still get caught out. Just like you will.

I'm no expert on ICOs but what you have shown here is that you aren't either. Far from it in fact.

But you are a wonderful insight into some of the traders in crypto so thanks really.

I am an expert in energy trading and risk management though so this particular ICO is one of the few I can get my head around and frankly it's pretty concerning if this can get $34m in throwaway money.

I have to assume many other ICOs have a similar lack of substance yet garner funding also. This is even more concerning.

You will lose your shirt eventually. Just please come back here and tell us all about it.

No I cant, My original input of $15K was pulled out in late October, Just after you entered the market.

I am free flying with around $60K in market now

So how can I lose Mr. big toe dipper?

* Show respect for others
* No abuse, insults or personal attacks
* No trolling
* No business advertising/ Viral Marketing/Spam

Surely this has gone way past the line on at least a few of the above?

I did enjoy this thread until it was hijacked ......

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cryptotrader said..

Bara said..
No crypto i didnt lose my guts as you put it from a weakhand or whatever i just gave back 80% of my profits when the bubble burst. Everyone knew it was a house of cards but you still get caught out. Just like you will.

I'm no expert on ICOs but what you have shown here is that you aren't either. Far from it in fact.

But you are a wonderful insight into some of the traders in crypto so thanks really.

I am an expert in energy trading and risk management though so this particular ICO is one of the few I can get my head around and frankly it's pretty concerning if this can get $34m in throwaway money.

I have to assume many other ICOs have a similar lack of substance yet garner funding also. This is even more concerning.

You will lose your shirt eventually. Just please come back here and tell us all about it.

No I cant, My original input of $15K was pulled out in late October, Just after you entered the market.

I am free flying with around $60K in market now

So how can I lose Mr. big toe dipper?

So much of a joke I retired at 42 from my trading profits in the energy game. My book was in the 10s of millions not 10s of thousands. Honestly you have no clue how much of a trading parody you are.

No paradox let's not close it there's alot to be learned here....

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Paradox said..
* Show respect for others
* No abuse, insults or personal attacks
* No trolling
* No business advertising/ Viral Marketing/Spam

Surely this has gone way past the line on at least a few of the above?

I did enjoy this thread until it was hijacked ......

I would go further. The law has been broken.

You can't go around saying on a public forum that a company is a scam without substantiation. This company is chaired by the mayor of Perth and it slanders her reputation.

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Bara said..

So much of a joke I retired at 42 from my trading profits in the energy game. My book was in the 10s of millions not 10s of thousands. Honestly you have no clue how much of a trading parody you are.

No paradox let's not close it there's alot to be learned here....

Now you are multi millionaire who has to ask how to dip your big toe into crypto on a watersports forum. lol

Can you understand that it's all a bit hard to believe?

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cryptotrader said..

Bara said..

So much of a joke I retired at 42 from my trading profits in the energy game. My book was in the 10s of millions not 10s of thousands. Honestly you have no clue how much of a trading parody you are.

No paradox let's not close it there's alot to be learned here....

Now you are multi millionaire who has to ask how to dip your big toe into crypto on a watersports forum. lol

Yep you got it. I'm on here for the weather forecast primarily. How about you?