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forgemark commented on a post in r/XtraBYtes
oppernemo 4 points

The xby windows wallet apparently contains a virus.... I already use it for 1 month but yesterday my virusscanner found a virus in the map... Anyone else who had this? How can this happen because i downloaded it from the official site?

forgemark 2 points

The XBY wallet doesn't contain the virus, it's the XFuel wallet that contains it. Those are two separate wallets; you only need the XBY wallet, not the Xfuel one, if you are only holding XBY.

I had the same virus scan when I tried to install Xfuel. From what I can remember, one of the mods explained that the file is the remains of the old wallet from back when it was an actual scam coin, and the current Xfuel wallet was build on the foundations of that original wallet which contained the trojan file. If I remember correctly, they know the file is there, it's not harmful, once the main-net is released they'll move onto getting rid off the virus file.

But I only hold XBY and no Xfuel, so I just decided not to install the Xfuel wallet and save me the worry.

citi0ZEN 1 point

Wut, they build on a wallet containing a virus and releases this to the public?

forgemark 1 point

Sorry mate, I don't reddit much.

The virus file itself is a false positive; the wallet is safe, hence they released it.

forgemark commented on a post in r/waltonchain
CollegeStudentHere 3 points

Panic 101 in every other post this is getting silly over not understanding the culture of Asia they do biz a bit diffrenent. A lot of things have to be approved with the govt that's probably what happened with the alibaba tweet. Ppl take it easy most of y'all sound like some panic b!tches. No longer am I hearing walton for life now it's all uncertain over some bullsh!t. They still going do the mainnet the tech is there the 6 child chains going come so just wait or gtfo

forgemark 1 point

No. We don't need approval from the govt for private to private business partnerships. Our government for the most part don't give a damn about private business partnerships unless it's with a non-Chinese partner, then they get involved.

What happened with the alibaba tweet? Most likely Alibaba and WTC had a partnership agreement, but received new crypto regulatory information that's yet to be announced to the general public that may hamper the partnership, so it's put on hiatus until a definite decision regarding how stringent our crypto regulations will be is finalized.

forgemark commented on a post in r/waltonchain
a_eh 7 points

That might work out. But with the money they have in hand now, why not just hire a legit firm to handle this kind of thing? Much less risk and proper. There's no reason to run into this kind of screw up at this point.

forgemark 3 points

Because finding someone who knows English is easy, but finding someone who knows the nuance of English is far harder. Professional translators in China tend to go by textbook/university formality translations and rarely understands colloquial English, which is what a community manager/PR needs.

Otherwise, word for literal word translation will just cause more lost in translations and cultural misunderstandings like that last PR disaster. Hell, my family migrated to Australia over 20 years ago, and I still have to explain the context of sentences/jokes to my parents on a regular basis, because literal translations between English-Mandarin can be anything from confusing and making no sense, to downright offensive. It's hard.

forgemark commented on a post in r/waltonchain
Sonnenbader 7 points

Thank you for your thoughts. I just wonder why that should be just be the side of a western view? I would think especially in Asian parts honour is a very important part of life, and "loosing the face" quite very bad.

forgemark 5 points

It used to be that losing face was bad. Nowadays its debatable. Not sure about other parts of China, but in Shanghai at least, people will happily lose face if it means they "win" any argument or fight, if there's money to be made, or if they can prove someone else is lesser than them.

From personal perception, there seems to be a correlation between caring about losing faith and personal wealth; richer someone is, less they care about losing face, because in current China, money = God, so if you got the money, you can just buy face.

As for how long it took to for the apology to come out, it's most likely WTC trying and failing to understand what's wrong with a team member to be part of the competition (the notion of no team member + no family/relatives in any comp is foreign), and what's wrong with the tweet itself. If you translate the sentence in question directly to Mandarin, "Keep doing the great work" part is something any worker will say to if given a reward/award by their boss. It makes more sense in Mandarin, but translates terribly into a Western culture where employees consider themselves a part of the business (so why would I saw "keep doing the great work" to myself?), whereas for China, employee is more working FOR the business and not part of the business, since the business belongs to the CEO/boss ("keep doing the great work" is towards the boss).

forgemark commented on a post in r/XtraBYtes
syh1116 1 point

what happened with wraith protocol? did they simply delay it by a couple of weeks? or is it still in the works?

forgemark 2 points

So the very first Wraith was supposed to be revealed in Oct last year. Then it was delayed because dev lived in Florida during the storm and was affected. Then it was scheduled to be launched in late Nov. Their website had a counterdown timer and the dev even posted on twitter hyping the countdown of Wraith launch.

Countdown ended, nothing happened. The dev then posted that it was the marketing's fault; he knew nothing of the countdown, did not allow it, and fired the marketing guy. He also mocked people who believed he's someone who sticks to deadlines and countdown timers.

Then the third Wraith launch happened after the Macfee pump, except it wasn't a full product launch. Wraith was rolling out as a beta, with bits and pieces slowly added on over time. Think it's still working towards a complete product right now, but could be wrong.

forgemark commented on a post in r/waltonchain
johnmwager 6 points

I never understood why people become so obsessed with a holding that they start to self-identify as a supporter. Bottom line is VeChain and Walton are both going after massive industries with very impressive teams, partners, and tech. There are reasons and valid arguments why you might like either over the other. At the end of the day though, whether you choose to invest in one or both (like myself and many others) you're placing a bet. No one knows what's going to happen in crypto in 1, 3, 5, or 20 years.

forgemark 2 points

I think it's the inherent human condition of always wanting to prove they are "right", and made the "better" decision. In crypto, where MC and price fluctuates so easily with shill and fud, it becomes all too easy to fud a competitor coin in hope of seeing their price/MC drop then go "see, I'm the better one with the smarter decision."

forgemark commented on a post in r/waltonchain
2
forgemark 1 point

If wabi had focused its initial product launch on the alcohol and pharma industry in China, then I'd say 50/50. Alcohol and medicine are two of the largest counterfeit industries in China and dearly needs authentication. However, they instead opted for the baby formula and supermarket industry, which, despite common misconception, not a target of counterfeit goods but horrible management decision-making to drop basic food health and safety for quick profits by replacing actual food ingredients with cheaper, but often fatal industrial chemicals.

If wabi ever does find partnerships with, say, a brand like Maotai or Shaoxing, or a Chinese pharma productions and supply company, then it'll be an great investment. Until then, I don't see many people actually paying to use its tokens to authenticate purchases.

forgemark commented on a post in r/XtraBYtes
13
Supremexcoogi 1 point

So is Neo

forgemark 4 points

From what I recall, it costs around 50K USD to list a Dapp on NEO. As good as NEO is in tech and speed, the high cost is a big barrier many forget about.

impulse_101 2 points

Yeah but that helps by not biggung down the network with garbage dapps thrown up by anyone killing performance

forgemark 3 points

It does help, but it's also a barrier for entry. Isn't the ideology of blockchain to create movement of power away from monopoly and oligopoly institutions to the individuals? Cost of entry is a primary factor in retention of power by organisations over an industry.

Not saying curating Dapps is a bad thing; there certainly needs quality control over what content is produced. But having a high price is more a negative than positive.

thelatemercutio 3 points

His first bullet point is inaccurate. We only know that 1 of the 6 chains is a smart city in korea, and another 1 of the 6 is in the agriculture industry. That's all. We don't know what the other 4 are, but we can speculate based on the industries that were mentioned in the conference. Cannot confirm anything, though.

forgemark 1 point

At the very start of the conference there was a video (the one with english subtitles) which showed 6 types of industries (six bubbles placed in a ring formation with wtc in the middle). As the video did not translate what industries were displayed in the bubbles, I thought people might like to know what was written there for more context of the video

XsiX 2 points

Why did you write it is non-hype sort? The points did increase my hype-ometer ;-)

forgemark 1 point

Because no partnership or child-chain info, which is what people hype of.

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forgemark commented on a post in r/XtraBYtes
CryptoKing416 2 points

Got it thanks! And 1m question lol. Is there an online wallet or only desktop?

forgemark 4 points

Only desktop and a paper wallet generator. The desktop wallet is quite good.

forgemark commented on a post in r/XtraBYtes
TyberBTC -1 points

This is a redundant answer and only applicable if you're a random user online, but not if you're being trusted to develop a large scale platform where peoples intentions are constantly under scrutiny.

You're building an online based platform for large volumes of people, but you don't want to be exposed to the internet. It makes no sense.

How does being a known developer harm someone? Why is there an aversion to transparency?

forgemark 3 points

Being a known developer doesn't harm someone, but unlike off-line, you can't control who can know your personal details online and what they'd do with said details. There can be many, many aversions to putting details online that links to real world impacts; extortion/blackmail, unwelcome "visits", kidnapping, strangers coming to your workplace/home address, etc. If the price of XBY tanks and investors become angry, things can easily become worse in real life if they know your name, face, Linkedin and can easily find where you live and work to vent their anger at. Unfortunately, humans are capable of many things, even more when wealth and money is involved.

Some people have no issues detailing their personal information for anyone to see, some do. It's a personal choice. XMR have more anonymous devs, BTC have Satoshi. On the other hand, Confido had "personal details + photo" of their dev team members on their website, as well as a Linkedin.

forgemark commented on a post in r/waltonchain
Phroneo 3 points

The other 2 partners on that picture are very big too.

Moutai is a very expensive alcohol brand. And SF is a large courier company " second largest courier in China, after China Post"

forgemark 5 points

Maotai is the rarest and most prestigous rice wine in China. The real thing is made in barrels placed inside cave systems of one single mountain, where the unique bacteria that lives only in that mountain gives the wine its unique taste.

Because of how little is produced annually, it's also the pinnacle of alcohol counterfeiting. Worse thing is, most people never know they've bought fake maotai because they've only ever bought fake and never drunk the real thing. The real deal is hella expensive, but good fakes can be as much as half the real one's price.

Being able to authenticate a maotai via WTC's chain is huge for China. As to why. Due to its rarity, Maotai has the image if being prestigious. This translates into it being a "present" alcohol - you don't buy it for youself, but for guests or special events to show how important and highly valued the people you are gifting maotai to are. For obvious reasons, you do not want to gift counterfeit maotai. Being able to validate the authenticity = further showing how important your guests are.

Hopefully that made sense. The culture of "gifting" is somewhat hard to explain.

forgemark commented on a post in r/waltonchain
stanklove1 13 points

I saw some people on r/CryptoCurrency say that the event is going to be televised on chinese national television but no one gave a source for it. Is this true?

forgemark 5 points

If it's televised on CCTV (the national tv channel), you MAY be able to find it on the CCTV streaming site:

http://english.cctv.com/live/

Since the conference is in Shen Zhen, you can also try find a stream of Shen Zhen city's own channel.

forgemark commented on a post in r/waltonchain
5
forgemark 2 points

You aren't doing anything wrong. MEW has a habit of not showing non-eth when you want to make a transaction. Think it has something to do with congestion on the server's side. I've always used the change node method - in the upper right corner, there's a drop down list of other nodes you can choose from. Try changing to etherscan.io or something else. WTC should pop up. If not, just keep changing until it does.

forgemark commented on a post in r/waltonchain
eeiean 1 point

yeah lol. Im super confused because on one hand theres people saying that they are mining it successfully but there are other people saying that the full net isnt released yet

forgemark 3 points

I think what you mine are "test tokens" that's there to make sure the wallet's mining function is working, not real WTC tokens.

eeiean 1 point

Ohhhh i see... Is there any way I can check the balance of test tokens? because literally nothing is showing up

forgemark 1 point

The test tokens should be showing up in your Beta wallet.

forgemark commented on a post in r/waltonchain
forgemark 18 points

China's cracking down on how easily money leaves their economy to another without having to pay tax. It's the ultimate way to move money off-shore. No country likes easy ways for people to take money out of the economy instead of reinvesting it back, especially with the mass exodus of upper-middle Chinese from China to overseas in the last decade, who's been trying to find easy ways to move their money off-shore as quickly and easily as possible. There's also issue of easier bribery, tax evasion, money laundering, etc, with crypto that most governments cracks down on.

Because of this, actual currency tokens such as BTC, LTC, XRB, etc, are more at risk in the China crackdown. With WTC, especially with its physical RDIF chips, it's classified more as a new technology and less as a virtual currency that China dislikes so much.

XMR might become more popular in China because of higher crackdown though.

forgemark commented on a post in r/waltonchain
BettyBattie 1 point

very contradictory and my head is unable to wrap around. On one side WTC says they are having Govt backing and partnerships.. while news around is that china is cracking on anything to do with crypto... who to believe

forgemark 3 points

China's cracking down on how easily money leaves their economy to another without having to pay tax. It's the ultimate way to move money off-shore. No country likes easy ways for people to take money out of the economy instead of reinvesting it back, especially with the mass exodus of upper-middle Chinese from China to overseas in the last decade, who's been trying to find easy ways to move their money off-shore as quickly and easily as possible.

Actual currency tokens such as BTC, LTC, XRB, are more at risk in the China crackdown. With WTC, especially with its physical RDIF chips, it's classified more as a new technology and less as a virtual currency that China dislikes so much.

JSkeezTheGreat 1 point

Aye man thanks for the insight... I'm a GMN hodler.. but i might decide to get some VET after this post...

forgemark 3 points

Lol, I did not mean to sound like a VET shill. It's always good to diversify though.

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forgemark commented on a post in r/waltonchain
BettyBattie -5 points

only if the bubble is not burst yet. Market pundits are saying its about time the bubble getting ready for burst. Which means, we the poor souls of WTC had to suffer before seeing our gains.

forgemark 1 point

Unless you JUST bought a few hours before during the $15 -> $20 rush, it's impossible for you to not have seen gains.

forgemark commented on a post in r/waltonchain
1
forgemark 3 points

Look at it from the other perspective; if I'm looking to buy WTC right now before the main net is out, I'm glad Binance is only $15.70 and not $23.

Ihavenolucklul 0 points

I understanding, but aren't we missing out on that %?

forgemark 5 points

I personally don't feel like I'm missing out on anything because I don't intend to sell at this moment. How much the coin is now doesn't mean much if I'm HODLing, only if I'm looking to trade.

forgemark commented on a post in r/CryptoCurrency
MrCrunchwrap -5 points

Because some conspiracy theorist on the internet told you so? Scamming would be punishable by death in China. Justin Sun is not about to risk that.

forgemark 3 points

Chinese here - not a chance. At most a slap on the wrist and few hundred thousand YUAN fine.

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