Blockchain update

[vt]

Re: Blockchain update

Crypto pocalypse

http://investorfieldguide.com/preston/

[jk]

Re: Blockchain update

this could be the killer app for physical gold

https://rmg.royalmint.com/

[jk]

Re: Blockchain update

Joe Weisenthal @TheStalwart Feb 1






Ripple continuing the Burj Khalifa formation

[jk]

Re: Blockchain update

Replying to @TheStalwart
seems legit :-D

[patrikkorda]

Re: Blockchain update

Is it any wonder that people are taking profits after something goes up ~600X in 1 year?

In my opinion, that epic rise was inevitable because the scalability debate was inevitable - and XRP (the fastest and most scalable) was clearly positioned to be the biggest beneficiary of that debate.

There is no doubt in my mind that the next debate will revolve around fungibility. Hoping bitcoin can fall below $5,000, which would present an opportunity to buy the crypto best positioned for the upcoming fungibility debate.

[touchring]

Re: Blockchain update

The price can bleed for quite sometime. Just have a look at the last bubble:
Bitcoin hit a high of $1,129 on November 30th (2013). By December 18th (2013), it crashed ~50% to $548. Afterwards, there was a dead cat bounce to a high of $921 on January 6th (2014). The price then continued to bleed for over a year until it finally bottomed on January 14th (2015) at $182.

In short, bitcoin can bleed for quite some time.

My suspicion is true, there are shill bids. False money created to bid up cryptos. I'm sure Tether isn't the only one.

https://www.cnbc.com/2018/02/02/teth...g-markets.html

[jk]

Re: Blockchain update

Bitcoin: Masked thugs stick up investor at GUN POINT in FIRST UK cryptocurrency robbery

so much for the unhackable pw

[thriftyandboringinohio]

Re: Blockchain update

I find this Twitter thread a delightful farce on bitcoin.

Enjoy.

https://twitter.com/BryceElder/statu...70192107601920

[lakedaemonian]

Re: Blockchain update

I find this Twitter thread a delightful farce on bitcoin.

Enjoy.

https://twitter.com/BryceElder/statu...70192107601920

Have you seen the fake Warren Buffett account?

https://twitter.com/oracleofeth?lang=en

Thee are other, more subtle ones.

[touchring]

Re: Blockchain update

China's trying to eradicate cryptos within its borders.

First, they banned local exchanges, icos and mining. Now, they are banning all ico and crypto websites globally. Very soon, they will make it a crime to own cryptos with long imprisonment.

[vt]

Re: Blockchain update

Is Hashgraph better than Blockchain?

https://www.swirlds.com/resources/


Further background:

https://cryptoslate.com/hashgraph-vs-blockchain/

and

https://www.forbes.com/sites/jeffkau.../#2cbe7f00abcb

From this article:

"Emin Gün Sirer, an associate professor at Cornell and co-director of the Initiative for Smart Contracts and Cryptocurrencies, isn’t sure how much trust can be put into Hedera's platform. “The correctness of the entire HashGraph protocol seems to hinge on every participant knowing and agreeing upon N, the total number of participants in the system,” he tells Forbes. “This is a difficult number to determine in an open distributed system.” Hedera cofounder Baird disagrees, saying, “All of the nodes at a given time know how many nodes there are.” Until Hedera’s algorithm has been battle-tested in the real world, it’s likely too early to tell if its security will meet a gold standard."

[patrikkorda]

Re: Blockchain update

Is Hashgraph better than Blockchain?

https://www.swirlds.com/resources/


Further background:

https://cryptoslate.com/hashgraph-vs-blockchain/

and

https://www.forbes.com/sites/jeffkau.../#2cbe7f00abcb

From this article:

"Emin Gün Sirer, an associate professor at Cornell and co-director of the Initiative for Smart Contracts and Cryptocurrencies, isn’t sure how much trust can be put into Hedera's platform. “The correctness of the entire HashGraph protocol seems to hinge on every participant knowing and agreeing upon N, the total number of participants in the system,” he tells Forbes. “This is a difficult number to determine in an open distributed system.” Hedera cofounder Baird disagrees, saying, “All of the nodes at a given time know how many nodes there are.” Until Hedera’s algorithm has been battle-tested in the real world, it’s likely too early to tell if its security will meet a gold standard."

Hedera is a bit too late to the party in my opinion. The scalability debate (i.e., throughput debate) has already happened and the biggest beneficiary of that debate was ripple (XRP) last year, which went up over 600X at one point. While the scalability issues associated with bitcoin are not going away, it is no longer the sexy thing to talk about that will drive prices up going forward. As I have stated before, the next big debate will be around fungibility (another big issue with bitcoin).

In the meantime, waiting for bitcoin to fall below $5,000/btc.

[patrikkorda]

Re: Blockchain update

In the meantime, waiting for bitcoin to fall below $5,000/btc.

What a difference eight months make. Just in time for Thanksgiving.

[thriftyandboringinohio]

Re: Blockchain update

What a difference eight months make. Just in time for Thanksgiving.

Thanks PK. Do you see an upside coming that might bring some gains? Will you be buying in?

[vt]

Re: Blockchain update

"Never catch a falling knife"