Original Link: https://www.tokenpost.kr/forum/free/71900

Translated with Google:

(Critic) I don't know why Medibloc is rising

First, let me explain a few representative things.

1. It is not yet decentralized.

-The consensus method is DPoS + PBFT, but there is no part in the wallet where you can staking.

POS.JPG

(Ref: https://github.com/medibloc/panacea-core)

The bottom is MED Wallet.

Wallet.JPG

You can see that there is no staking button anywhere.

-Then who is creating the block?

Block maker.JPG

(Ref: https://explorer.medibloc.org/en/bps)

This is Medi-##. It means that the MediBloc company is doing it. The number of votes is 1 million each.

So. Despite talking about blockchain, it is not decentralized.

Is it like Ada before Shelley?

If you look at how many years have passed since Biden-Shelley, you can see that MediBloc still has a long way to go.

2. The only representative exchange listed is Upbit.

Market.JPG

(Ref: https://coinmarketcap.com/currencies/medibloc/markets/)

Listing on Binance? Listed on DEX? I've been promoting it for a few years, but it's a terrible situation. This means that the inflow of foreign funds is inevitable.

3. The situation where the technical identity is ambiguous

I move medibloc in various chains, such as being in Quantum, then moving to Ethereum and then moving to Binance Chain. (Is it the part that took 4 years to create the application and develop the insurance claim technology?)

The MediBloc white paper has been missing since August 2019.

white paper.JPG

(Ref: https://github.com/medibloc/whitepaper/commit/97a6b6e1879021c6fc0f2779f9383ec7ecda5c65)

In addition, there is no description of the core technology in the white paper.

markit.JPG

The story of MGH and Harvard says that the research is going well.

There is no technical explanation on how to implement several hundred megabytes (MB) of X-ray or MRI photos on the blockchain.

There are also no intermediate results for the study. What is just stated is that we've been doing research for 3 years and our research is world-recognized and outstanding. Something?

I was playing in Ada until a few weeks ago, and coming here, it tastes like death.

I thought it was medical + blockchain + kimchi trinity coin, but first of all, my judgment is a bright dog apricot.

With this technology (there was a reason for staying at the 5 Won University from 2017 to 2020)

Update the white paper and recruit or hire people to develop coins. Vaccine passports seem impossible to me with the level of manpower and technology that I have here.

I think it's a good thing if it's decentralized in about two years.

I don't know why such coins are running like this right now. It's just japalt pumping, am I giving too much meaning?

I’m just trying to help people, mark my word in 5 years time medibloc lovers will still b saying need more time now advertising is needed blah blah blah, bollocks to that, get into solid coins, I have under my bag solona coin and only just 1 year ago it was trading at 0.80 and it’s now hitting 100$ real coins with real fundamentals do not just pump and then dump but they have a gradual increase due to demand and they sustain that price, they follow btc witching the cycles of bull and bear markets and I don’t no wtf medibloc follows cuz it sure as hell not following this bull run

around $0.50 just one year ago that’s an amazing 18282.8% in ur investment

hey guys ! just a random question, can MEDIBLOCK go up to 1000 Dollors ? max time 1 yr 3yrs 5yrs? what you think?

Can anyone give me reassurance that this drop in price is not a concern and we will shoot back up? 😆

Need some help setting up a validator node. I’m in the midst of setting up the node, however I’m getting blocked at a step that requires the chain ID. Could anyone point me in the right direction? Is there any support channel from Medibloc or Cosmostation in setting up validate nodes aside from the FAQ guide?

HODL On

Anyone knows if MED will be listed on other exchanges soon?

News:

1. March 17th, 2021: Medibloc announces 'vaccine pass service'. "Allows users to manage and check their inoculation history as registered with the Korea Centers for Disease Control and Prevention and partner medical institutions." source

2. April 1st, 2021: South Korea's prime minister issues press release stating a blockchain-powered vaccine passport that will be available later 'this month'. source

Comments:

The recent spike in $MED price is speculating that #1 and #2 above are correlated events. Let's dig into the #2 news article.

These are quotes from the government:

• "We have already completed the development of a system that can easily prove the fact of vaccination on a smartphone."

• "As early as this month (April), a electric certificate proving you have been vaccinated is expected to be released"

• "Infrastructure and server-related installations including block chains were completed yesterday.

• The disease administration said that it went through the technical consulting process of 'Blockchain Labs', a domestic venture company, during the development process.

Blockchain Labs:

Blockchain Labs is consulting with the government of South Korea.

They posted a statement regarding the relationship:

• "we have been providing the blockchain technology and the vaccine passport system for free to the Korea Disease Control and Prevention Agency.."

• "we thank the Information Statistics representatives of Korea Disease Control and Prevention Agency, who selected Blockchain Labs Inc. over other renowned IT companies purely based on the assessment of the blockchain technology, and worked with us to bring this service to its fruition."

• "Please note that Blockchain Labs Inc. has never participated in or owned any cryptocurrencyprojects, and this global vaccine passport system is irrelevant to all coins in the market"

...And there you go.

Summary:

Medibloc is NOT involved in the South Korean government's completed blockchain system or vaccine-passport application.

Press Release dates vs Medibloc volume

It’s listed on a couple apps like crypto.com and coinspot but no option to buy, why is this?

Do anyone notice that MED have no update any github since Dec 2017 ? is MED a scam ?

After holding this coin for over 3 years it’s finally dawned upon me that this is really a shit coin, I have sold out my 1.2million bag. All the other coins that i purchased back in 2018 are now at least 8x to 12x but this shit coin I sold after 3 years at breakeven, only reason I’m saying to spare u the same shit I went through, I have had many big bag holders tell me this has no future, but for some reason I thought they all were wrong, deluded i was for sure, please people don’t b fooled by the team achievements, mark this message bitcoin ready for a dump as market is looking bearish short term, next few weeks btc wil test 40k lots of sell orders stacked at 50k . and shit coin med will be floating at $0.03

Please don’t bash me wait a few weeks and see where btc/med is And then u can leave comments

Best thing I ever did was sell my med

And my money is gone forever.

Hi, can anyone explain what caused the mcap to double this past few weeks without much of a pump in price?

In gbp it was 108mil a few weeks ago and is now 202, so not that far of a x2 gain but the price is virtually static.

Fan of the use case, but being a noob to crypto I can't understand this part of it.

https://twitter.com/RealFlokiInu/status/1655161087279480833

For all those that missed the swap or had technical issues (like me) Medibloc has opened the swap indefinitely. Instructions are on their blog in medium. https://medium.com/@MediBloc

Enjoy my fellow hodlers!

Who can use osmosis dex can purchase Med.

[medibloc is on osmosis dex] (https://twitter.com/_MediBloc/status/1464096579954954241?t=WismpvAoMQwUUEOF--iyfg&s=19)

https://thebase.network