LUXcoin is a project that I believe has a great deal of potential. It is a privacy coin that features a hybrid of proof-of-stake and proof-of-work. It also implements technological advancements like Segwit, master nodes, and smart contracts.
This is not a paid promotion. I get spam every day offering me money to promote random ICOs, and I'm not interested in doing that. I will only discuss crypto projects on this channel that I truly believe in.
CoinCentral's LUXCoin guide: https://coincentral.com/luxcoin-lux-beginners-guide/
Learn more at LUXcore's official website: https://luxcore.io
I also make videos about poker: https://www.youtube.com/c/DougPolkPoker
I'm on Discord every day talking crypto. Join us here: https://discord.gg/sj3uBvg
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Doug Polk is a professional poker player and cryptocurrency enthusiast. Crypto News is the show to keep up with the latest trends and stories involving Bitcoin price, Ethereum, Litecoin, Ripple, IOTA, investing, analytics, and various altcoins.
I am not a financial advisor, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.
Just wanted to say, Jan 20th might have been the worst possible time ever to buy LUXCoin. This is around the time the DDoS attacks crippled the network forcing a rushed V4 wallet and protocol that destroyed staking. Cryptopia also went offline making it near impossible to offload LUX.
If you bought LUX near this time, your investment would be down over 900%. I would know. Meanwhile, BTC is currently at 42% of it's ATH.
dont be fooled by the smoke and mirrors. this coin is a classic hidden shitcoin... it does nothing that hasnt been done by others. segwit, staking and smart contracts are not features in and of themselves. there is 0 information on this projects "parallel" masternodes, simply an attempt to conjure a new feature out of nothing, no different from regular masternodes. masternode coins that arent dash, pivx or zcoin need a web based business for viability (phore marketplace, alqo exchange, etc) otherwise they are utter shitcoins with no purpose or reason to adopt over the blue chips. stay the fuck away from this coin, lots of shills in the past pumped it but now all the suckers are holding the useless bags like the other 99% masternode coins
But the team does NOT check out. The CEO Linkedin profile looks manufactured, I found a licensed architect in TN named Brian D Oliver that doesn't connect to LUX, the robotics company the CEO claims uses pictures from other companies, and the list kinda goes on. The Co-Founder also has a connection to Bitconnect in Australia. Just curious about what your research has turned up on the team.
masternodes...again. What is with people taking the decentralized currency concept and implementing a generally centralized privacy protection mechanism - it's flat out lazy... And how much do you want to bet "luxsend" is just some Coin Join, SharedCoin or CoinSwap code layered on top. Ugh.
Where's the next 100x coin? Wtf, 3 years ago, Max Keiser was talking about Bitcoin, but his quirky character turned me off the topic.. big mistake on my part, really big mistake. I missed the Golden Age of Bitcoin, my predictions are that as the masses (1 Billion people ) get to know and really use the altcoins, all hell will break loose, fees and regulations will damage the entrepreneurial investment side of it and fewer profits will follow. Let's face it, the vast majority of humanity is still dumb and would rather follow Kim Kardashian's butt than Elon Muskengineering prowess, haha
Hopefully MAID will catch up. Once a top 10 coin. Now really lacking because of all these pumped ICOs. MAID still has the biggest potential of all coins. It offers much more features than coins like LUX, it offers much better performance and scalability because it uses a better decentralization technique than blockchain
I recommend everyone to look at the team. After seeing their pictures, I'm not putting my money in guys that put professional pictures in sunglasses or like they are going to some caribe party. Looks like a joke.
I think taxing coins like stocks is BS. The tax should only be on buys, as a percentage like a sales tax. this would simplify and probably bring in more tax revenues that trying trying to tax gains. (especially with all the losses lately).
Great vlogs Doug, dig your humour.... and the manner in which you cut through the BS in the Crypto world space. Question: What are your long term holds, I see on your list you say you will Alts for more BTC soon? Cheers
You should make a video on when to take profits. I've watched other videos on the topic where people basically just say, "Uh I don't" We need a good video about when to take crypto profits on youtube. plz
as I miner I just want to say that LUX coin mining algo is horrible, was mining it in november while it was 1$ and it really is a nightmare, very bad and nvidia biased algo... also saying it's "highly" efficient is a lie
It's going to be hard for a coin to take the role of what BTC, ETH, DASH, etc. does under 1 umbrella. It's one of those things that sounds cool and impressive, but reality is trying to do too much will only weaken it.
Also, what you pointed out about trying to the bank/government stuff is a real concern and most likely improbable. So, it's basically a privacy coin, which there are dozens of.
The comments are rough. Doug shows you how to analyze a coin and what questions to ask. Then he educates you on a coin he is invested in and people think he is shilling. I think he expected viewers to use the skills and tools he promotes to decide for themselves whether to invest. He shouldn't limit his content based on the stupidity level of a portion of his audience.
So what, idiots exist, let them buy emotionally and lose everything it's natural selection. Stop helping the weak I can't even use big words in public because idiots roam free accross the plains.
I loved you LUX review. It was INFORMATIVE, not agitational. The majority of this community consists of morons, who must be tought again and again about scams and common sence.But it's nice to see some analysis for smarter viewers with PROS and CONS of any crypto currency. Thanks.
Step 1. Get into crypto
Stept 2 . Start YouTube channel
Step 3 . Talk shit about other YouTube and say your are better.
Step 4. pump your favourite coins.
Step 5. Dump coins!
Well done your channel credibility gone.....
There is absolutely no such thing as an ASIC resistant coin. Only ASIC resistant communities, only way to prevent an ASIC is to threaten an ASIC manufacturer who is planning to develop an ASIC for your coin by changing the PoW algo should they go through with it.
Hello Dough. I would like to know your thoughts about Tierion (TNT), 0x (ZRX) and Airswap(AST) ? If possible a video about these coins to make us understand better like you always do. But if that's not possible, request you to atleast reply to this comment with your thoughts or review. So that I'll invest accordingly. Thanks. Much respect to your videos - Sid, India.
DO a video on Yobit. Hearing recently it's a giant scam but also seeing videos from 7 months ago of a guy who had YoBit pumping coins from his account without his permission, has happened to plenty of others as well. Surprised I never heard anything about it.
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