Vitalik Buterin Calls Popular Bitcoin Stock-to-Flow (S2F ...

Ethereum's Vitalik Buterin challenges forecast saying the halving may boost Bitcoin's price, despite stock-to-flow critics

Ethereum's Vitalik Buterin challenges forecast saying the halving may boost Bitcoin's price, despite stock-to-flow critics submitted by Pandora_Key to ethtrader [link] [comments]

Vitalik Buterin Said That He Disagrees With Bitcoin Stock-To-Flow

https://azcoinnews.com/vitalik-buterin-said-that-he-disagrees-with-bitcoin-stock-to-flow.html
submitted by azcoinnews to eth [link] [comments]

Vitalik Buterin Disagrees With Bitcoin Stock-To-Flow Prediction Model

Vitalik Buterin Disagrees With Bitcoin Stock-To-Flow Prediction Model submitted by cryptolobe to cryptolobe [link] [comments]

Ethereum's Vitalik Buterin challenges forecast saying the halving may boost Bitcoin's price joining stock-to-flow critics

Ethereum's Vitalik Buterin challenges forecast saying the halving may boost Bitcoin's price joining stock-to-flow critics submitted by Arttoast to markethive [link] [comments]

Vitalik Buterin said that he disagrees with Bitcoin stock-to-flow

Vitalik Buterin said that he disagrees with Bitcoin stock-to-flow submitted by azcoinnews to azcoinnews [link] [comments]

Vitalik Buterin becomes the latest critic of stock-to-flow Bitcoin price model

Vitalik Buterin becomes the latest critic of stock-to-flow Bitcoin price model submitted by Gringo4 to ethtrader [link] [comments]

Adam Back slams Vitalik Buterin, defends Bitcoin’s bullish stock-to-flow model

Adam Back slams Vitalik Buterin, defends Bitcoin’s bullish stock-to-flow model submitted by n4bb to CoinPath [link] [comments]

Vitalik Buterin Would not Diversify his Portfolio by Buying Bitcoin, Chooses Stocks and Fiat Instead

Vitalik Buterin Would not Diversify his Portfolio by Buying Bitcoin, Chooses Stocks and Fiat Instead submitted by BitcoinAllBot to BitcoinAll [link] [comments]

06-27 00:32 - 'Vitalik Buterin Would not Diversify his Portfolio by Buying Bitcoin, Chooses Stocks and Fiat Instead' (newsbtc.com) by /u/Lukovka removed from /r/Bitcoin within 432-442min

Vitalik Buterin Would not Diversify his Portfolio by Buying Bitcoin, Chooses Stocks and Fiat Instead
Go1dfish undelete link
unreddit undelete link
Author: Lukovka
submitted by removalbot to removalbot [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on ETH.

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself at: https://defipulse.com

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA Star Spencer Dinwiddie Tokenized His Own NBA Contract.

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (https://meet.jit.si/ for zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to ethtrader [link] [comments]

A detailed summary of every reason why I am bullish on ETH.

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself at: https://defipulse.com

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA Star Spencer Dinwiddie Tokenized His Own NBA Contract.

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (https://meet.jit.si/ for zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to ethfinance [link] [comments]

Round up of Cryptocurrency News #10 Week 28/09 - 4/10

Hello and sorry all its been about a month since serious post. So what has happened this week? 1. Kucoin exchange was hacked for over $150 Million in Bitcoin. Bitfinex and Tether freezes $33 Million of stolen funds. Over this past week we have seen many cryptocurrencies on the exchange be released from the freeze. However, users are still waiting on the main cryptos to be released as KuCoin is working on their security of their platform to make sure it does not happen again. The hacker itself tried to dump his tokens over Binance... Good try lol https://news.bitcoin.com/kucoin-hack-17m-laundered-via-decentralized-exchanges-blockchain-analysis-firm-claims-this-can-still-be-traced/ (HOLY MOLY) https://news.bitcoin.com/kucoin-ceo-says-exchange-hack-suspects-found-204-million-recovered/ 2. Bitcoin outperforms Gold, Nasdaq, 10 year treasury and S&P 500. not surprising at all for us but still very interesting, Bitcoin is up 48% since the start of the year. It appears more people are becoming interested in cryptocurrency as Bitcoin continues to be the best performing asset not just in the past 10 years but of all time. On a more personal note, I was at a small gathering today (within covid restrictions) and I was just saying how i was really interested in cryptocurrency. For the first time ever everyone around me was really interested in what it was and how it worked also talked to a lot of my stock market friends and almost all have pulled out or thinking of pulling out. related: https://dailyhodl.com/2020/10/01/report-details-unprecedented-levels-of-wall-street-interest-in-bitcoin-and-cryptocurrency/ https://dailyhodl.com/2020/10/02/former-goldman-institutional-trader-says-large-investors-now-buying-bitcoin-and-gold-at-same-pace-heres-why/ 3. CBDC news - US federal reserve is actively working on the a digital dollar. From a previous post we know that the European Union is working on a Digital Euro and China is working on their own digital dollar. For me this is a bit of a worrying issue and seems like an upgrade for their own outdated systems completely removing the idea of decentralisation. In addition to this, I find it interesting that in Australia all cryptocurrency tax laws were written in late 2017/2018 and continues to be adapted. In Russia their are harsh penalties for unreported cryptocurrency holdings. In my controversial view I think the technology of blockchain can actually be used to recreate and rewrite a much better future through its innate abilities. we can avoid things like this: https://news.bitcoin.com/jpmorgan-fraud-billion-dollar-settlement/ 4. Highlights on cryptojacking - if you dont know what this is it is when a script or code runs on a computer to mine cryptocurrency using your computer resources. You can block these using other programs or scripts and being safe over the internet. 5. World economic forum names XRP as crypto asset most relevant in central bank digital currency space. Many partnerships in the space plus flare coming later. https://dailyhodl.com/2020/09/30/ripple-matchmaking-effort-discovered-featuring-170-financial-institutions-is-xrp-front-and-cente i definitely have a love hate relationship with XRP. 6. https://dailyhodl.com/2020/09/28/defi-movement-shatters-11000000000-in-total-crypto-assets-locked/ https://news.bitcoin.com/uniswap-captures-2-billion-locked-dex-volume-outpaces-second-largest-centralized-exchange/ 7. https://www.ey.com/en_au/blockchain/blockchain-platforms 8. https://dailyhodl.com/2020/09/29/twitter-ceo-jack-dorsey-says-bitcoin-and-blockchain-will-fuel-financial-freedom-and-transform-future-of-content-delivery/ 9. https://news.bitcoin.com/easily-spend-your-bitcoin-via-prepaid-debit-card-or-a-paypal-account-with-bitcoin-of-americas-easy-to-use-trading-platform/ 10. https://news.bitcoin.com/bitcoin-com-exchange-to-list-aspire-and-aspire-gas-as-newest-digital-asset-creation-platform-comes-to-market/ 11. https://news.bitcoin.com/onecoin-victims-petition-establishment-european-crypto-fraud-compensation-fund/ 12. https://news.bitcoin.com/atari-announces-ieo-collaboration-and-listing-of-the-atari-token-with-bitcoin-com-exchange/ Atari also partners with Cryptocurrency project ULTRA. Don't sleep on NFT projects, they may be a niche but they help with organisation, collectability and simplifies processes. 13. https://news.bitcoin.com/aurus-disrupts-the-gold-industry-today-its-ecosystem-lists-at-a-value-of-75m/ 14. https://dailyhodl.com/2020/10/01/irs-deploying-two-firms-to-track-crypto-transactions-in-million-dollar-deal/ 15. https://dailyhodl.com/2020/10/01/number-of-crypto-users-shatters-100000000-worldwide-cambridge-study/ https://news.bitcoin.com/bitcoin-posts-a-66-day-consecutive-streak-above-the-10k-price-range/ 16. https://news.bitcoin.com/cryptocurrency-exchange-diginex-trading-nasdaq/ 17. https://news.bitcoin.com/smart-contract-protocol-rsk-attempts-to-bring-defi-to-the-bitcoin-network/ 18. Bitmex news: https://news.bitcoin.com/bitmex-criminal-charges-prison/ well this happened. https://news.bitcoin.com/open-interest-on-bitmex-drops-16-investors-withdraw-37000-btc-in-less-than-24-hours/ https://dailyhodl.com/2020/10/02/bitmex-fires-back-after-us-accuses-crypto-exchange-of-failing-to-prevent-money-fraud/ https://dailyhodl.com/2020/10/03/440000000-in-bitcoin-exits-bitmex-as-crypto-traders-respond-to-cftc-allegations/ 19. Contract to break monero privacy: https://news.bitcoin.com/chainalysis-and-integra-win-1-25-million-irs-contract-to-break-monero/ 20. https://news.bitcoin.com/stacking-satoshis-leveraging-defi-applications-to-earn-more-bitcoin/ 21. https://dailyhodl.com/2020/10/02/bitcoin-whale-issues-big-warning-to-traders-heres-why-he-believes-group-of-crypto-assets-are-at-risk-from-regulators/ 22. https://news.bitcoin.com/venezuelas-state-run-defi-crypto-exchange-goes-live-after-maduros-anti-blockade-speech/ 23. https://news.bitcoin.com/crypto-exchange-coinbase-hands-over-customer-data-to-uk-tax-authority/ 24. https://news.bitcoin.com/jeff-booth-bitcoin-price-of-tomorrow/
25. https://news.bitcoin.com/eth-volumes-top-125-billion-in-q3-high-risk-dapps-dominate-tron-network/ 
Here is a small cross post for price movement: https://dailyhodl.com/2020/09/30/bitcoin-btc-tezos-xtz-cardano-ada-etoro-crypto-roundup/
Seems like everyone is bullish on bitcoin and leading crypto projects to make big gains over the next year, sooner rather than later. Bitcoin also holds above $10.5K with over 1Million wallets. Bitcoin interest is gaining throughout the world as many parts are hit by economic crisis.
Ethereum 2.0 roadmap updated, plans to exponentially increase scalability! VERY BULLISH. https://dailyhodl.com/2020/10/03/vitalik-buterin-updates-ethereum-2-0-roadmap-details-plans-to-exponentially-increase-scalability/
submitted by IOTAbesomewhere to Gravychain [link] [comments]

10 famous cryptocurrency quotes and what we can learn from them - read and don't look like a fool anymore :P

“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” – Satoshi Nakamoto
This is an early quote from Satoshi Nakamoto to the Bitcoin doubters on the forums. Since those early days, a whole industry has been created around his invention. With hindsight, it is easy to say that perhaps people should have listened, but what was created was something entirely unique and therefore difficult for many to understand. A key aspect of this message is that to understand Bitcoin, you need to put the time and effort in to learn on your own. Mistakes can easily be made by trusting unscrupulous actors.
“It’s money 2.0, a huge, huge, huge deal.” – Chamath Palihapitiya, venture capitalist
Chamath Palihapitiya was an early employee at Facebook before moving on and setting up his own investment fund. By 2015, his fund had over $1.1 billion in assets, and he also became a minority shareholder of the Golden State Warriors NBA team. Despite stating he is a disciple of Warren Buffett, they do disagree on the notion of Bitcoin. Palihapitiya is a strong believer in the cryptocurrency. He believes that within the next 20 years, Bitcoin will rise to $1 million.
“It’s a fraud” and “worse than tulip bulbs” – Jamie Dimon, CEO of JP Morgan
Unsurprisingly, the boss of JP Morgan – Jamie Dimon – isn’t much of a fan of Bitcoin. This quote from Mr Dimon in 2017 was spoken during the most recent Bitcoin bubble. Since then however, JP Morgan has announced its own form of cryptocurrency, suggesting the banking titan isn’t as adverse to crypto as the quote suggests. One of Bitcoin’s main aims is to remove the need for such huge banks as JP Morgan, so it is unlikely that Jamie Dimon will ever change his mind.
“Stay away from it. It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.” – Warren Buffett, legendary investor
Coming back to the traditional finance sector, the fact that Buffet isn’t a fan of Bitcoin or cryptocurrencies in general is to be expected. Buffett’s fortune has been accumulated through traditional assets and a patient approach. The risk and volatility seen in cryptocurrencies would be an instant warning sign to the famous investor. Buffett has been notoriously adverse to upcoming technology stocks, so a punt on Bitcoin isn’t going to be happening any time soon.
“I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.” – Peter Thiel, co-founder of PayPal
Peter Thiel and his team had a similar idea to Bitcoin when in the process of creating PayPal. However, at the time, they were unable to get their idea off the ground. Peter Thiel is now one of the largest venture capitalists in Silicon Valley and a staunch Randian. These two factors should show why he has an interest in Bitcoin.
“Bitcoin actually has the balance and incentives center, and that is why it is starting to take off.” – Julian Assange, founder of Wikileaks
Bitcoin and Wikileaks have a long relationship. Indeed, without Bitcoin, there may not be a Wikileaks as we know it. When the major credit card companies attempted to block payments to Wikileaks, the company asked for donations in Bitcoin instead, which allowed it to survive. Nakamoto was adverse to supporting Wikileaks due to the pressure it would put on the young network. Julian Assange himself is one of the earlier cypherpunks, regularly interacting with members on the CypherPunk mailing list from 1995. Ideas such as Bitcoin were common on the mailing list, so when Bitcoin was finally released, the fact that Wikileaks appropriated it is not surprising.
“The Federal Reserve simply does not have authority to supervise or regulate Bitcoin in any way.” – Janet Yellen, former chair of the US Federal Reserve
Janet Yellen highlights a key aspect of Bitcoin in her quote. Bitcoin is not a US cryptocurrency. Instead, it is the first truly global currency. It isn’t run by anyone in particular, but anyone who wants to get involved can do so. This makes it extremely difficult for the authorities to formulate regulations around Bitcoin. This also makes Bitcoin extremely difficult to stop. Many bans have been rumoured throughout the years, but this has never stopped Bitcoin from progressing.
“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” – Vitalik Buterin, co-founder of Ethereum
Buterin’s quote recognises the removal of third parties that cryptocurrencies allow for. Instead of a company like Uber or say Dropbox taking a cut of the profits, this can all be managed in a peer-to-peer manner through cryptocurrencies. This increases the profits for you and me, reduces costs, and can help remove some of the largest corporations in the world in the hope of creating a fairer economy.
“I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions.” – Hal Finney
This early quote from Hal Finney shows that he understood the possibilities of Bitcoin from a very early stage. This was helped by the many discussions that took place on the CypherPunk mailing list in the 1990s, whereby digital currencies and issues of privacy were constantly discussed and philosophised.
“Since we’re all rich with Bitcoins … we ought to put some of this unearned wealth to good use.” – Hal Finney
Hal Finney is one of the few people involved in Bitcoin who is liked by everyone. Even Faketoshi has a soft spot for Finney. Sadly, Finney passed away before he could witness the beast that Bitcoin evolved into. Finney was an early contributor to the CypherPunk mailing list like Assange, and was instrumental in helping Bitcoin grow from day one. This quote above highlights what all who have become rich through Bitcoin should do – give back and help others.
submitted by alvarosb to CryptoCurrency [link] [comments]

Perfect storm leads to big sell-off for Bitcoin and DeFi: Weekly recap

A sharp correction in equities markets led Bitcoin price and DeFi tokens to sell-off sharply but have investors turned bearish?
Digital asset markets were on a parabolic surge until investor confidence took a major hit to close out the week with a bearish tilt due to a perfect storm of negativity.
Before reading the rundown, catch up on the most-read stories centered around the price of Bitcoin, the macroeconomic picture and the DeFi phenomenon gaining traction.
Bitcoin price, stocks and gold plunge in tandem — What’s next?
Don’t panic? ‘Smart money’ whales are waiting to buy Bitcoin at $8,800
Yearn.finance’s $140M yETH vault proves investors are ravenous for DeFi
Bitcoin mirrors gains of past halvings, suggesting $41K price in 2020
⁠Ethereum gas fees reach $500K as ETH price hits a 2020-high at $486
A significant drop in equities markets was led by blue-chip stocks that had been at all-time highs. As this occurred, many tokens tied to DeFi platforms corrected sharply, most notably, SushiSwap (SUSHI) which lost nearly 40 percent of its value.
The correction in traditional markets appears to have influenced Bitcoin’s (BTC) more than 10 percent drop before a small bounce back to the $10.3-$10.4K range.
More isn’t always merrier
Technology stocks that led US equities to record highs this summer reversed sharply this week, sending the Nasdaq Composite index tumbling almost five percent in its biggest fall since June.
Apple’s shares lost eight percent — wiping more than $150 billion from the iPhone maker’s value — while Amazon, Alphabet and Microsoft all fell more than four percent.
As a result, the VIX index jumped above the 30-point mark for the first time since mid-July, and the equivalent volatility index for the Nasdaq shot up to more than 40 points — nearly double its mid-August low.
Historically, the VIX has only surged into the 30s a handful of times in the past and almost always leads to a significant retracement.
It is a reminder that crowded trades bring a lot of volatility when someone begins to unwind their positions. Digital asset traders are more than aware of such dynamics and while the bulls may be feeling particularly salty about the reversal of fortunes, the pull-back offers an opportunity to rebuild.
The futures curve also flattened aggressively as leverage buyers were the first ones to look for cover, and there are plenty of opportunities in the options market to take advantage of market mispricing.
Are DeFi tokens the new pink sheets?
Ethereum transactions soared to multiple new all-time highs for the second time in three weeks and Uniswap V2: Router 2 is now the lead contributor to gas usage, according to Etherscan. The decentralized exchange is followed by Tether (USDT); and then the latest DeFi sweetheart that is SushiSwap: MasterChef LP Staking Pool.
And so, Tether has finally been dethroned from its top spot as the main contributor of gas usage.
The fact that it was toppled by none other than a DeFi platform speaks a lot for the recent growth of the industry and, as it stands, over $9.34 billion is locked across various platforms. Currently, Aave, Maker and Uniswap constitute about $1.5 billion TVL each.
On the one hand, DeFi is a high risk, high reward market, but so is trading small-cap (pink sheet) stocks. Both clearly have a market, and always will among those with an appetite for risk.
Is relief from high gas fees on the way?
The ongoing focus on DeFi and the recent hyperactivity on Ethereum has resulted in sky-high congestion and gas fees. This led Ethereum founder Vitalik Buterin to point out several solutions through rollups and sharding.
ZK-Rollups are a zero-knowledge proof technique that helps rollup or batch many transactions into a single transaction, and therefore, helps reduce congestion on the Ethereum blockchain. Less congestion means lower fees.
Optimistic and ZK roll ups can increase capacity from ~15 tx/sec to ~3000 tx/sec by doing most of the transaction processing on layer 2. Sharding, on the other hand, increases the capacity of the base layer by ~100x.
This could lead to a 100x decrease in fees, though realistically in the long term it would not decrease quite as much because the demand for Ethereum is also likely to increase.
The only solution to high transaction fees is scaling and Tether, Gitcoin and other apps are doing the right thing by migrating to ZK rollups. A positive development is that Tether is now planning to add support for another Layer-2 scaling solution (ZK-Rollups).

Bitcoin

Ethereum

Nasdaq

Transactions

Markets

Stocks

DeFi

submitted by DiFi_Update to u/DiFi_Update [link] [comments]

🎉 Happy 5th Birthday Ethereum!

Ethereum, the distributed network that serves as the base layer for most of DeFi, launched five years ago. In its short life, Ethereum has grown to become the second-largest cryptocurrency after bitcoin, surpassing it in other metrics, including in number of daily transactions and settlement value.
Another measure of its success, as I recently wrote in a CoinDesk column, is to examine whether Ethereum builders achieved what they set out to do.
“Rather than being limited to a specific set of transaction types, users will be able to use Ethereum as a sort of ‘Minecraft of crypto-finance,” Vitalik Buterin wrote in the Etheruem whitepaper.
Vitalik listed the following applications, which he imagined could live on this protocol: Sub-currencies, Financial derivatives, identity and reputation systems, Decentralized Autonomous Organizations, insurance, decentralized data feeds, gambling and prediction markets, a full-scale on-chain stock market and an on-chain decentralized marketplace.
Read more
submitted by Shudip_47 to ethtrader [link] [comments]

🎉 Happy 5th Birthday Ethereum!

Ethereum, the distributed network that serves as the base layer for most of DeFi, launched five years ago. In its short life, Ethereum has grown to become the second-largest cryptocurrency after bitcoin, surpassing it in other metrics, including in number of daily transactions and settlement value.
Another measure of its success, as I recently wrote in a CoinDesk column, is to examine whether Ethereum builders achieved what they set out to do.
“Rather than being limited to a specific set of transaction types, users will be able to use Ethereum as a sort of ‘Minecraft of crypto-finance,” Vitalik Buterin wrote in the Etheruem whitepaper.
Vitalik listed the following applications, which he imagined could live on this protocol: Sub-currencies, Financial derivatives, identity and reputation systems, Decentralized Autonomous Organizations, insurance, decentralized data feeds, gambling and prediction markets, a full-scale on-chain stock market and an on-chain decentralized marketplace.
Read more
submitted by Shudip_47 to ethereum [link] [comments]

LOEx Market Research Report on July 28: BTC broke through 11,000 points, and various currencies rose significantly

LOEx Market Research Report on July 28: BTC broke through 11,000 points, and various currencies rose significantly
[Today's Hot Tips]
1. [Vitalik Buterin: the benefits of ETH2 sharding and intra-shard parallelization will not overlap]
Ethereum founder V God tweeted this morning that eth2 is already parallel, because sharding is a kind of parallelization. But I think the real question is: do the benefits of sharding and intra-sharding parallelization overlap? Unfortunately, the answer is a resounding "no". Reasons: 1. Not all nodes run only one shard; some nodes will run multiple shards (for example, the verification program costs at least 64+ ETH). 2. For the validator case, the limit is not only the time to verify the block, but also the original cost of verification. 3. For conventional client case, we hope that running a shard verification node is not only feasible, but not too cumbersome. Not only is your laptop running an eth node, it also runs a bunch of other things.
2. [Gold futures price surges to $2000 / oz]
According to Sina Finance, gold futures prices have soared, reaching $2000 / oz.
3. [Data: Large transfers on the BTC chain increased by 135.89% compared to yesterday]
As of July 27, the number of active BTC addresses was 900,400, an increase of 4.06% from yesterday; the number of transactions on the chain was 334,900, an increase of 12.23% from yesterday; there were 986 large transfers of more than 100 pieces on the BTC chain, an increase of 135.89% from yesterday. The number of active ETH addresses is 623,800, an increase of 10.08% from yesterday. The Coin World Research Institute believes that there is a positive correlation between the activity of transactions on the chain and the price of the coin.
[Today's market analysis]
Bitcoin (BTC)
BTC continued to rise sharply in the early morning, breaking through 11300 USDT in a short time and rising to a maximum of 11386 USDT. Then there was a short-term correction. BTC just fell below 10800 USDT in a short-term. At present, BTC continues to be consolidated within a narrow range around 11000 USDT. The mainstream currencies basically followed the trend of the market, and they continued to rise sharply in the early morning, and the rise of various currencies was more obvious. BTC is currently reported at 11102.4 USDT on LOEx Global, an increase of 7.43% in 24h.
After BTC is recognized as a currency by the United States, the demand in the market will increase substantially. At the same time, due to the rise of gold, BTC with gold properties will also benefit. Of course, there is another bullish factor, that is, the global stock market downturn and the weakening of the US dollar index.
We have previously analyzed that the stock market and the digital currency market will have a certain cycle of seesaw effect. If the stock market is good, the attention of gold and the market with gold attributes will decrease, and the willingness to allocate will decrease. But if there is an adjustment in the stock market, the digital currency market can attract investors' eyes and divert the allocation of funds in the market.
Once the market starts, it will be difficult to stop. The market is just getting hot. Crazy investors and a lack of supervision in the market will make it easy for the digital currency market to get out of the mad bull market, so don't judge the top easily. At the same time, the bull market should be sorted out more. Short-term investors should be cautious when making adjustments. Don't sell out all their positions at once, otherwise, as mentioned before, you may not be able to buy them again in the short term. I said a few days ago that those who hold should hold firmly. If not, if the callback does not exceed 10,000 points, it is safe to buy.
Operation suggestions:
Support level: the first support level is 10000 points, the second support level is 9800 integers;
Resistance level: the first resistance level is 11000 points, the second resistance level is 11500 points.
https://preview.redd.it/6pjt2938mjd51.png?width=614&format=png&auto=webp&s=61444a06437d22292e98f5b6c969f51e9a9367cb
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

LOEx Market Research Report on June 13: Us stocks become complex, BTC trend may also appear confusing

LOEx Market Research Report on June 13: Us stocks become complex, BTC trend may also appear confusing
[Today's Hot Tips]
1. [Wilshire Phoenix applies for publicly traded BTC funds]
Investment company Wilshire Phoenix applied to the US Securities and Exchange Commission (SEC) for a publicly traded Bitcoin fund.
2. [Be careful about BTC bulls next week, weight allocation for short and long strategy signals]
The current COT report still shows that the bulls are taking the initiative in the BTC futures market. The current short data for Dealer accounts continues to increase, showing that the factors of bulls in the market are still expanding. The bulls in the Asset Manager account grew slightly, and the shorts did not change, showing that speculative funds have repaired the bullish sentiment in the market. Judging from this week's position report, the market should continue to be bullish. However, since the Fed's interest rate meeting on Thursday was later than the time when the reported data was collected this week, it is still unclear whether Powell's speech after the interest rate meeting affected the organization's view of the future market.
Therefore, we suggest to adopt a cautious and bullish attitude towards the operation of BTC next week, that is, weight allocation such as short and long strategy signals, but the stop loss space and holding period of the long strategy can be larger and longer .
3. [Vitalik Buterin: "Ethereum sky-high handling fees transfer" may actually be extortion]
According to Cryptopotato news on June 13, in response to the "Ethereum sky-high handling fees transfer", Vitalik Buterin, the Ethereum founder said that these "million-dollar handling fees may actually be extortion." His theory assumes that the sending address belongs to a cryptocurrency exchange, and the hacker has obtained partial access to exchange keys. Since they do not have a complete key, they cannot withdraw, but they can send invalid transactions at any Gas price. Therefore, they threatened to "burn" all funds through transaction fees unless compensation was received.
[Today's market analysis]
Bitcoin (BTC)
BTC fell slightly in the early hours of this morning, the lowest fell to 9301 USDT, and then continued to rebound, briefly regaining 9400 USDT, and the highest rose to 9488.5 USDT. BTC is currently finishing in a narrow range around 9450 USDT. Mainstream currencies basically followed the broader market, rebounded slightly in the early morning, and did not fluctuate as a whole. BTC is currently reported at 9432.7 USDT on LOEx Global, an increase of 0.15% in 24h. How to predict the future? Since bitcoin will follow the direction of the US stock market in extreme moments, what we need to grasp is the direction of US stocks. How will US stocks go?
https://preview.redd.it/wuo96k7bem451.png?width=554&format=png&auto=webp&s=2a3540b7e529e56a4ae65484989b4acc3d02dd00
First of all, I think the trend of US stocks will be complicated, and firmly believe that the second fall of US stocks. Having said that, the Great Depression plunged 6 times that year. We can observe that the first plunge caused by the new crown epidemic was a crash. It melted 4 times in a row, and the Dow Jones index fell by more than 10,000 points within a few days. However, the second decline of US stocks is expected to be much more complicated. It is very likely that this is a three-step rebound and two-step resistive gradual decline. The plunge on June 11 may not be the beginning of the second round of US stocks plunge. What is the reason? Because the first plunge in the United States, many chaebol institutions were too late to ship and adjust asset allocation. Therefore, the rebound of US stocks in the two months after the March plunge was extremely sharp, and the market also made full use of the favorable conditions of the epidemic home. The record number of retail account openings in the United States is a record, which forms a large amount of ultra-short-term speculative funds. This interaction has allowed stock-selling institutions such as Buffett to withdraw large sums of money from the stock market in the past two months. However, their asset scale is too large, so the second round of decline should be planned under the control of people's hearts, and it is unlikely that the first round of continuous plunge under the extreme panic will occur again. The drop on June 11 may also be just a sign that the frog was boiled in warm water.
Under this possible trend of US stocks, Bitcoin's future trend may also seem confusing. In the past two days, many big bosses are guessing the rise and fall of Bitcoin. In general, there is a greater possibility of falling first and then rising. The first decline was due to the depreciation of all assets, which meant that a large chunk of funds in the global financial market was not transferred but eliminated. As a risky asset, Bitcoin naturally drops its "valuation". The latter rise was due to high elasticity, the proliferation of the US dollar and capital seeking speculative opportunities will eventually cause new short-term speculative funds to flood into the Bitcoin market and bring new markets in the future.
Operation suggestions:
Support level: the first support level is 9300 points, the second support level is 9000 integers;
Resistance level: the first resistance level is 9500 points, the second resistance level is 9800 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

The bitcoin exchange rate fell down below $9,000 again — no growth ahead?

The bitcoin exchange rate fell down below $9,000 again — no growth ahead?

https://preview.redd.it/9hb37p1ocg551.jpg?width=2560&format=pjpg&auto=webp&s=9230a19985195a87920ca676ad966bd9cecf3469

Here is what analysts think about it:


▶ Buterin: the growth of the bitcoin price is not related to halving
The co-founder of Ethereum Vitalik Buterin stated that the theory that the growth of the BTC exchange rate was related to halving did not work.
The developer attached a chart of the S2F model according to which bitcoin periodically increased its cost together with halving the reward for mining a block.
"The last $20k peak was near the halfway point between the 2016 and 2020 halvings", he pointed out.
In the comments Buterin was told that the model predicted the quantitative growth of the bitcoin price, but it did not presume that the maximum will coincide exactly with the event of halving. The developer agreed that the absence of the direct correlation between halving and the growth of the bitcoin price did not disprove the theory, but said that he still did not agree with it.

▶ The price of Ethereum can rise up to $7,500
If the BTC exchange rate increases up to $50,000, Chris Burniske, a partner in the Placeholder venture capital firm, thinks.
"If $BTC goes > $50,000 in the next cycle, and $ETHBTC returns to its former ATH, then expect to see $ETH > $7,500", he wrote in his Twitter account.
According to him, the price of bitcoin will rise up to $50,000, even if the volatility of the new rally will be twice as less as the previous indices. In this case, the capitalization of the first cryptocurrency will rise above $1 trillion. It will allow bitcoin to strengthen its "macro equity" status, while ETH will be able to become a mainstream instrument, the expert thinks.

▶ The price of bitcoin will go down following the stock market
Analyst Satoshi Flipper thinks. If the US shares continue the correction, the BTC price will fall to $7,300 before the middle of July, he writes.
Satoshi Flipper points out that, by going below $9,400, the exchange rate has broken through the trend line that has been acting as a support one since May. The S&P 500 index fell down 2.79% this morning — the crypto market followed it as well, the trader points out. He adds that he has been holding the short position regarding bitcoin since the weekend.
submitted by bestchange_pr to bestchange [link] [comments]

Weekly Update: Jason starts #discussionThursday, $COTI on Binance, WibsonTree, Harmony + IBC Media... – 21 Feb - 27 Feb'20

Weekly Update: Jason starts #discussionThursday, $COTI on Binance, WibsonTree, Harmony + IBC Media... – 21 Feb - 27 Feb'20
Hiya folks! With this update we will finally be 100% caught up with the latest. Let’s go! Here’s your week at Parachute + partners (21 Feb - 27 Feb'20):

As mentioned 2 weeks back, Alexis announced the start of a new style of raffle from this week. 300k $PAR in the pot to be won! Bose hosted a Friday Quiz in TTR on movies with a 10k $PAR prize pool. Cap shared a unique bit of trivia from the tipbotverse: ChangeTip, a bitcoin tipbot launched 7 years back, was acquired by Airbnb in 2016 that led to its closure. A crypto pioneer that was way ahead of its time. The usual suspects continue to be on top of the Fantasy Premier Leagure (#FPL) leaderboard – LordHades, Alexis and Novelcloud as per the latest update shared by LH. Alejandro hosted a gun-mode CoD game in the Parachute War Zone followed by a free-for-all for $PAR prizes. Tavo announced another CoD Battle Royale in the Parachute War Zone to be held next week. Afful’s TTR trivia was fun as always. Charlotte hosted another trivia in TTR as well for a 10k $PAR prize pool. Victor held one in TTR with another 10k $PAR pot as well. GamerBoy’s trivia in TTR this week was based on Kindergarten Geography. Haha! Belated Birthday wishes to Victor. Two-for-Tuesdays by Gian for this week had the theme rap/reggae/reggaeton. Like last week, Sebastian set up a YouTube playlist to compile all the entries. For #wholesomewed, Parachuters put on their creative hats as they made some epic artwork based on a primary shape shared by Jason. So much talent! There’s $PAR to be won! In the latest project update shared by Cap, ParJar is in final stages of testing with Transak, ParJar integrated coin-swaps are being worked on at the moment and $PAR-based Dex to be launched in the coming weeks in partnership with Switch. Jason launched a new event for Thursdays called #discussionThursday from this week. The first discussion series revolved around "something you don't understand". The goal is "hopefully someone that does understand it can explain it". Good conversations and altruism gets $PAR tips. TTR crew hosted a fun “guess the admin” contest based on the Parachute Christmas artwork.
Lmao Victor!
Happy Carnival to you too Rene
Just a sampling from all the #wholesomewed entries
20k $AXPR was burned as part of the weekly aXpire burn event. aXpire COO Matthew Markham wrote about how technological differentiators give PEs an edge over public markets. The latest Bilr blog post talks about disruptive technologies in the legal industry. 2gether CEO Ramon Ferraz appeared in an IEB podcast to talk about Neobanks. YouTuber FunOntheRide’s latest video covers collaborative economy and how 2gether plays a role in it. Head of Marketing, Laura Braulio explained must-do’s in marketing strategies for fintechs in her article which was published on ClickZ. The XIO DApp went into the final stages of unit testing this week. Beta tests should start soon. For #XIOSocial chatter, Citizens discussed the semantics of the term “crowdstaking”. Ethos’ parent company Voyager released the full Android version of its app this week. Switch-backed McAfeeDex is slated for some updates soon. Read about what’s coming up from John McAfee’s tweet. Plus, a new privacy coin “ghost” is on the horizon. $ESH holders are expected to get a taste of it on launch. For the latest update on Switch, click here. Fantom’s $FTM was one of the winners of a public vote to get listed on ZelCore. As an update to the fantom.rocks tool released last week by GoFantom (a Fantom validator), this week a dApp named Supercharge was released on top of it. Supercharge allows users to send 20 test transactions to demonstrate the speed of consensus. The DAO Maker shared a compilation of Fantom’s 2019 updates. For the 2020 project plan, click here. This was followed by a detailed 2020 roadmap. Too long? No sweat! This graphical representation of the roadmap by Generation Crypto is here to rescue you. Or, if you would rather watch a video, CMO Michael Chen made one. For notes, click here. The first version of Uptrennd’s mobile redesign is here. Congratulations to TREOS for winning the Round 1 of the Uptrennd free advertising package contest that launched last week. Voting for Round 2 started this week with Fantom included in this round. Banano ended up winning the second round and going head to head with TREOS in the finals. The first 2UP Tuesday kicked off this week with every upvote counting for twice the normal points (with the same rules applying for downvotes). Sweet! Uptrennd founder Jeff Kirdeikis was invited to speak at the EntrepreneurShip cruise event. Don’t forget the epic giveaway mentioned.
First sneak peek of Uptrennd’s new mobile design
Catch up on Distric0x’s Weekly update here. If you missed the DappDigest, the crew’s got your back. Their video walkthrough of ETHDenver covers snippets from the event along with Brady’s on-stage performance and an interview of Dmitry Buterin (Vitalik Buterin’s father). Read about how the recent fintech M&A deals will influence markets in this article by Hydrogen. The team sat down for an AMA with Crypto Cabital this week and also hosted a 150k $HYDRO giveaway. Fintech nerds, check out Hydro’s explainer blog post on open banking and WSO2. Is the project ticking off its roadmap items on time? Click here to find out. As a 2020 cohort member of the MassChallenge Fintech accelerator, Hydro’s Senior Director for Strategic Partnerships, Ken Kavanaugh travelled to Boston to talk about “platformication in fintech” at their meetup. If you are attending the Milwaukee Blockchain Conference in March, don’t forget to say Hi to Biz Dev Lead Mark Anstead where he will be a featured speaker. If you haven’t booked your tickets yet, there’s a 50% discount coupon available for you. $HYDRO got listed on DeFi aggregator Totle this week. How does Sentivate aim to solve HTTP / TCP bottlenecks? Click here to find out. For a primer on UDSP, click here. The Mycro Hunter landing page went live this week. OST’s Pepo is the official community app and partner of Europe-based Ethereum Community Conference (EthCC) where it will also be collaborating with Epicenter podcast for the event. The first browser version of Pepo was released. Crypto exchange Mine Digital will be joining SelfKey’s exchange marketplace. SelfKey’s R&D team shared a 2020 update on the identity management space and how the project aims to place itself in this segment.
Early preview of the SelfKey Mobile Wallet to be submitted to App Store for review
For the latest Constellation community update, click here. Don’t forget to send in your questions for the AMA happening next week. Attendees of VeneCoiners meetup in Argentina next week, don’t forget to say Hi to the crew from Wibson who will be presenting the Rewards Marketplace at the event. The team also published a paper on “WibsonTree” which preserves data privacy when interacting with an agent. They hosted an Ethereum meetup this week to discuss DeFi. Here’s a video demo of how fast the Harmony mainnet is. The weekly #pow tweet thread summarises updates from across the team. KuCoin’s $ONE token swap is now complete. A new page was launched to monitor mainnet and testnet status. The crew attended a Binance meetup in Ukraine to talk about latest project updates. Harmony announced a partnership with IBC Media to incubate and accelerate Indian fintech startups. Safe Haven’s digital inheritance solution, Inheriti, will be available on the Harmony chain. $ONE was listed on MathWallet. Intellishare co-founder Nicholas Wan shared a sneak peek of the testnet mobile UI. dGen listed GET Protocol’s GUTS Tickets as one of the notable startups in the Dutch blockchain space in their Blockchain in Europe 2020 Review report. For a project overview click here – nicely summarised by Generation Crypto. GUTS will be ticketing 3 new shows of Chef’Special. Global Crypto Alliance live streamed another demo of its IoT prototype smartlock device being operated through $CALL tokens. The team also hosted a fun quiz on their Telegram this week. YouTuber Crypto Rich interviewed the crew on all things $CALL (Part I, Part II). Nik Patel’s detailed research report on COTI was published this week. $COTI was added to the Staking Rewards platform. And here’s a biggie, Binance listed both the ERC20 and BEP2 versions of the token this week with a bonus airdrop for deposits. Woot! Before the listing frenzy started, the team took a moment to take stock of the situation. A big listing like Binance leads to a lot of new eyeballs that could trigger scams. COTI crew shared their anti-scam guide for this reason. DOMSCRYPTO covered the project in their latest video. DoYourTip was covered in an iHODL news feature.

And with that, we close for this week at Parachute. See you again with another update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

The Decade in Blockchain — 2010 to 2020 in Review

2010

February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later.
April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC
May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD)
June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public
July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’
July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established
August —Bitcoin protocol bug leads to emergency hard fork
December — Satoshi Nakamoto ceases communication with the world

2011

January — One-quarter of the eventual total of 21M bitcoins have been generated
February — Bitcoin reaches parity for the first time with USD
April — Bitcoin reaches parity with EUR and GBP
June — WikiLeaks begins accepting Bitcoin donations
June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin
August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines
October — Litecoin released
December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.

2012

May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue
July — Government of Estonia begins incorporating blockchain into digital ID efforts
September — Bitcoin Foundation created
October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service
November — First Bitcoin halving to 25 BTC per block

2013

February — Reddit begins accepting bitcoins for Gold memberships
March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike.
May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation
May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70
June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder
July — Mastercoin becomes the first project to conduct an ICO
August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money
October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins
November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform
December — The first commit to the Ethereum codebase takes place

2014

January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami
February — HMRC in the UK classifies Bitcoin as private money
March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not
April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger
June — Ethereum Foundation established in Zug, Switzerland
June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper
July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days
September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap
October — ConsenSys is founded by Joe Lubin
December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments

2015

January — Coinbase opens up the first U.S-based cryptocurrency exchange
February — Stripe initiates bitcoin payment integration for merchants
April — NASDAQ initiates blockchain trial
June — NYDFS releases final version of its BitLicense virtual currency regulations
July — Ethereum’s first live mainnet release—Frontier—launched.
August — Augur, the first token launch on the Ethereum network takes place
September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months
October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss
November — Announcement of first zero knowledge proof, ZK-Snarks
December — Linux Foundation establishes Hyperledger project

2016

January — Zcash announced
February — HyperLedger project announced by Linux Foundation with thirty founding members
March — Second Ethereum mainnet release, Homestead, is rolled out.
April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M
May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members
June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account
July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic
July — Second Bitcoin halving to 12.5BTC per block mined
November — CME Launches Bitcoin Price Index

2017

January — Bitcoin price breaks US$1,000 for the first time in three years
February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later
March — Multiple applications for Bitcoin ETFs rejected by the SEC
April — Bitcoin is officially recognized as currency by Japan
June — EOS begins its year-long ICO, eventually raising $4 billion
July — Parity hack exposes weaknesses in multisig wallets
August — Bitcoin Cash forks from the Bitcoin Network
October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis
September — China bans ICOs
October — Bitcoin price surpasses $5,000 USD for the first time
November — Bitcoin price surpasses $10,000 USD for the first time
December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits

2018


January — Ethereum price peaks near $1400 USD
March — Google bans all ads pertaining to cryptocurrency
March — Twitter bans all ads pertaining to cryptocurrency
April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year
April — EU government commits $300 million to developing blockchain projects
June — The U.S. Securities and Exchange Commission states that Ether is not a security.
July — Over 100,000 ERC20 tokens created
August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange
October — Bitcoin’s 10th birthday
November — VC investment in blockchain tech surpasses $1 billion
December — 90% of banks in the US and Europe report exploration of blockchain tech

2019

January — Coinstar machines begin selling cryptocurrency at grocery stores across the US
February — Ethereum’s Constantinople hard fork is released, part two of Metropolis
April — Bitcoin surpasses 400 million total transactions
June — Facebook announces Libra
July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain”
August — Ethereum developer dominance reaches 4x that of any other blockchain
October — Over 80 million distinct Ethereum addresses have been created
September — Santander bank settles both sides of a $20 million bond on Ethereum
November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
submitted by blockstasy to CryptoTechnology [link] [comments]

Why VeChain is fundamentally different to Ethereum, EOS and other protocols

The VeChainThor Vision

Building a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration, and high-speed value transfers.
VeChainThor will be the platform to support Blockchain-based business applications offering real economic and social value.

0. Why invest in Fat Protocols

The Economist describes the true value proposition of Blockchain technology in their 2015 article "The trust machine." Trust is the single biggest hidden cost of doing business. Blockchain technology can establish a new trust-free sharing business collaboration model.
Data is the oil of the 21st century. Blockchain technology allows the chance to create a new world by putting data ownership and monetization in the hands of the people who generate that data. Data is the reason FAANG Stocks are insanely profitable and some of the biggest companies in the world.
Other platforms aim to accomplish the same vision however widespread adoption has been lacking to date.

1. Other platforms - technology focused

Ethereum by Vitalik Buterin is amazing. The first cryto-platform. It holds true to the ideals of the original crypto-community with a strong focus on decentralisation and security. It has encountered issues with scaling which are being actively worked on with Plasma, sharding, state-channels and Raiden network. Due to heavy decentralisation, it has issues with a borrowed governance structure (EIP) from Bitcoin.
EOS by Dan Larimer is another technological masterpiece. EOS aims to be a feeless high performance blockchain and makes progress on the scalability problem through an innovative consensus algorithm known as Delegated Proof-of-Stake. The benefits of EOS are achieved by sacrificing other elements and reflects a philosophical difference between Buterin and Larimer.
Buterin and Larimer have had some back and forth regarding their respective platforms which delivers insight into the minds of these two geniuses. Most of their disagreements hinge on the Scalability Trilemma which has been documented here.
  1. Vitalik Buterin's original article
  2. Dan Larimer's reply
  3. Buterin's reply is seen as the 1st comment in Larimer's medium post
Ethereum and EOS are innovative and have laid the groundwork for the future technological development. Other platforms such as Cardano, Stellar, NEO and NEM are making strong progress as well. However a common theme amongst these platforms are their focus on technological development rather than development of real-world use cases. They are hoping their communities will build use cases which has led to an explosion of ICOs and dApps. Sadly, only a small amount of real world value and utility has been generated from these to date.

2. VeChainThor - use case focused

VeChainThor has a different philosophy compared to other platforms. From the white paper, "The ground rule of VeChain technology development is to be driven by applications. Use cases drive product development and product development drives technology development. – NOT the other way around."
"You've got to start with the customer experience and work backwards to the technology, you can't start with the technology and try to figure out where you're going to sell it" - Steve Jobs 1997
VeChain started with the customer (enterprises) and built solutions for their business needs. In 2016 VeChain began work on four use cases with major enterprises across the globe. In 2017, the number reached to over 20, including significant partnerships. Now, in early 2018, more than 210 opportunities are in the pipeline. Three ICOs have already been announced (BitOcean, Plair platform & Mustangchain). DBET will be migrating their existing network from Ethereum to VeChain. Once main-net launches, we will see how many more projects become public. Existing consortium chains will also migrate onto the public VeChainThor protocol.
With other platforms being open source, technological innovation can be integrated into the VeChainThor network rapidly through the balanced Governance model. Multicoin Capital write a great blog post about this. VeChain's consensus algorithm Proof of Authority is not original. Their consortium blockchain was based off Ethereum. VeChainThor will continue to stand on the shoulders of giants by "discovering truth by building on previous discoveries".
The core business development philosophy is the key differentiating factor between VeChainThor and other platforms. Enterprises won't adopt new technology if they don't see a clear benefit. Enterprises don't care about technological details, they care about their problems and an affordable solution. Smart money like PwC, DNV-GL and Breyer Capital understand this.
If anyone is interested, I can add to this post with information about how VeChainThor plans to overcome the barriers for global enterprise adoption. It's more detail about the Governance model, Economic model, Architecture and Applications, Regulatory compliance and Use cases & Applications. However, now that the Whitepaper is out, please read it to understand the scope of what VeChainThor is planning to accomplish. Happy to answer any questions from the /CryptoCurrency community. Looking forward to some sceptical discussion, learning from others and sharing what I know.
submitted by enozym111 to CryptoCurrency [link] [comments]

Vitalik Buterin about Ethereum and Bitcoin price  ETH BTC ... Bitcoin Vs Ethereum with Samson Mow & Vitalik Buterin ... Vitalik Buterin said Ethereum blockchain is Vitalik Buterin about Ethereum and Bitcoin ... Bitcoin Blockchain Ethereum - Vitalik Buterin - YouTube

That Bitcoin “halving”--a pre-programmed on-chain event, affects prices is unfalsifiable. However, the Stock-to-Flow price (S2F) prediction model centered on this event draws more questions than answers because of its inconsistencies. This is the assessment of Vitalik Buterin, the co-founder of Ethereum, who on June 14, 2020, posted his view on… Vitalik Buterin, the co-founder of Ethereum, doesn’t think much of quant analyst PlanB’s “stock-to-flow” model, which holds that Bitcoin’s price will shoot up to $288,000 by 2024. The stock-to-flow model argues that the price of Bitcoin will rise post-halving because there’s a small supply shock to the market. With each Bitcoin ... The Bitcoin-stock-to-flow model predicts prices through scarcity, calling $288,000 BTC by 2024. Ethereum’s Vitalik Buterin calls the theory into question. Stock-to-Flow Is Unprovable. First popularized by the anonymous crypto analyst PlanB, the stock-to-flow model predicts Bitcoin’s price through scarcity. Usually applied to commodities such as gold and silver, whose diminishing supply ... Wie wir sehen können, sagte Vitalik, dass er nicht mit dem Bitcoin Stock to Flow Modell übereinstimme. Auf der anderen Seite gebe er jedoch zu, dass die fehlende Korrelation zwischen Preisanstiegen und Halvings kein ausreichender Beweiß sei, um die Annahmen und somit auch die Idee des S2F Modells zu falsifizieren. Ethereum co-founder Vitalik Buterin dissed the stock-to-flow model that puts bitcoin’s value at above $100k before Dec. 2021 based on its scarcity. According to this model, the reward halving in May 2020 will make the digital asset more scarce than gold. Buterin took to Twitter on Thursday to comment,

[index] [8912] [16101] [48809] [49191] [1459] [23994] [39907] [5929] [46473] [6647]

Vitalik Buterin about Ethereum and Bitcoin price ETH BTC ...

#XRP #RIPPLE #BITCOIN #Ethereum #cardano #blockchaininfo #neo #trueusd #bitfinex #tezos #eos #blockone #binancecoin #token #tokenization #xvia #altcoins #air... More info on : https://bit.ly/3kL9a1k - NBA Team Dallas Mavericks accepts Bitcoin as a payment method - Vitalik Buterin said Ethereum blockchain is "almost full" #bitscreener #cryptonews #blockchain Please don't forget to subscribe to ... 🔴More info about giveάwάy: https://cutt.ly/MfBj6Wg #XRP #RIPPLE #BITCOIN #Ethereum#cardano #blockchaininfo #neo #trueusd #bitfinex #tezos #eos #blockone #bin... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

#