ETH Price $232, Vitalik Buterin Says Ethereum’s Supply Is ...

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
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Author: Lukovka
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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.
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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!
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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
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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]

Famous Persons in Crypto Industry

Famous Persons in Crypto Industry
Like any developing industry, the cryptocurrency world has its own stars and celebrities. StealthEX has made a list of the most influential people in the crypto world. So here are the TOP-5 people who are leading the digital revolution by transforming financial markets.
https://preview.redd.it/yvwnnlx684c41.jpg?width=1024&format=pjpg&auto=webp&s=8bcafdde3a784060e7fff1d8bdf591861769d11f
Brad Garlinghouse
Ripple’s CEO, investor, businessman and a huge fan of blockchain technology.
Garlinghouse was born on February 6, 1971, in Kansas, USA. He has a Bachelor’s degree in Economics from the University of Kansas and holds an MBA diploma from Harvard Business School.
Brad has worked for some major technology companies, such as Yahoo, AOL, Hightail, Tonic Health.
Nowadays he is the CEO of Ripple (a real-time gross settlement system, currency exchange, and remittance network) and a member of its Board of Directors. Ripple (XRP) is the world’s largest cryptocurrency by market capitalization and Brad as CEO owns 6% of the company’s stock.
“There are a lot of really fabulous things that get done with digital assets and blockchain technologies to reduce friction, to reduce costs, and enable things that weren’t possible before.”
Brian Armstrong
CEO and co-founder of the Coinbase platform, software engineer, risk manager, and public speaker.
Brian Armstrong was born in 1983 in San Jose, California. Armstrong was interested in technology at school and learned Java and CSS at an early age. He got his first job at school: he created websites for local businesses. In 2001, Armstrong joined Ryerson University in Houston and studied economics and computer science.
After graduation, he was an intern at IBM and then worked as a consultant and risk manager at Deloitte & Touche. Later, he founded the UniversityTutor.com, which allowed users to search for a suitable tutor based on various parameters: education, location, and topics. Brian also worked as a software engineer at Airbnb.com.
Great success came to Brian with the creation of a digital currency exchange platform – Coinbase. Today Coinbase serves 9.5 million customers in 32 countries and the volume of completed transactions exceeds $20 billion. Armstrong’s fortune is estimated in the range of $900 million — $1 billion.
“We can actually change the line, actually bend this curve and materially change the economic freedom of the entire world by what we’re going to build. … The vision for Coinbase is creating more economic freedom for every person and business in the world over the next ten years.”
Charlie Lee
Creator of Litecoin, managing director of the Litecoin Foundation, computer scientist and an iconic figure in the cryptocurrency community.
Charlie was born in West Africa and moved to the United States with his family at the age of 13. Charlie received a Bachelor’s and Master’s degrees in Computer Science from the Massachusetts Institute of Technology (MIT). After graduation, Lee worked as a programmer at Kana Communications, Guidewire Software, and Google.
Charlie Lee first learned about cryptocurrency in 2011 and decided to create his own coin — Litecoin, which became the best version of Bitcoin: transactions became faster, the number of coins increased, another mining algorithm appeared.
Now Charlie Lee is engaged in the popularization of digital currencies as an expert in the field of blockchain technology.
“I believe that cryptocurrency will take over fiat currency and become the reserve currency.”
Changpeng Zhao
Founder and CEO of Binance, computer scientist and China’s crypto-king.
Zhao was born in Jiangsu province in China and moved with his family to Canada in the late 1980s. He graduated from McGill University with a major in Computer Science. Before setting up his own company, Zhao worked at OKCoin and Bloomberg.
In July 2017, Zhao launched the cryptocurrency exchange platform — Binance. The ability of the platform to process a high number of transactions (1.4 million per second) and a reliable system of protection quickly made the Binance one of the most popular crypto exchanges in the world. In January 2018, Binance came out on top among crypto-exchanges in the world in terms of the trading volume. And Zhao, who became the owner of about $2 billion in crypto, got on the cover of Forbes magazine.
Today Changpeng Zhao is one of the main figures of the crypto world who is actively promoting cryptocurrencies in Asia and North America.
“Cryptocurrency will survive regardless of any one country. Most countries that try to ban bitcoin cause their citizens to want cryptocurrency more.”
Vitalik Buterin
Co-founder of Ethereum, co-founder of Bitcoin Magazine, computer scientist and wunderkind.
On January 31, 2018, the guy will only turn 25, but he has already had a significant impact on the crypto industry.
Vitalik was born in Kolomna, Russia and moved to Canada at the age of six with his family. He has always had a flair for math and programming. His favourite childhood toy was Microsoft Excel.
Buterin is the winner of the Thiel Fellowship, thanks to which he was able to focus on the study of the Bitcoin network and then create his own — Ethereum, which has been called “the world’s hottest new cryptocurrency.” Ethereum network allowed to launch a giant ICO market, the volume of which almost $4 billion.
Nowadays Buterin works with such companies as Microsoft, HP, and JPMorgan. He was ranked “30 most promising entrepreneurs under the age of 30” by Forbes magazine.
“The main advantage of blockchain technology is supposed to be that it’s more secure, but new technologies are generally hard for people to trust, and this paradox can’t really be avoided.”
Who do you think should be in this top list? Share your thoughts in the comments below.
And remember no matter how famous and influential you are in the crypto world, you can always exchange your coin on StealthEX.io ;)
Follow us on Medium, Twitter, Facebook to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:s[email protected])
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Where is this hype around cryptocurrencies?

Many people think that such a hype around bitcoin in 2017 rose due to the fact that it rose in price to$ 20,000 and because everyone wanted to get rich quickly. Now I will try to prove that this is only a consequence, not the cause of its growth. I will write as briefly as possible and in simple language, but to understand in detail you will need to additionally Google.
First, you need to explain why bitcoin is constantly growing in price, though with sharp collapses. As we know from the law of supply and demand, the price is set at the point of equilibrium between supply and demand. It is also known that there can be only 21 million bitcoins and "new" bitcoins appear on a pre-programmed code that can not be changed(details in Google). In other words, the supply is initially limited, but the demand is constantly growing, because more and more people are getting acquainted with the idea of bitcoin and blockchain. And then you need to get acquainted with the law of Metcalf. According to this law, an increase in the number of users of a communication network leads to an exponential increase in its value.
So, at the beginning of 2017, BTC cost $ 900. In April, there was news that in Japan, bitcoin is recognized as a means of payment(!).
In parallel, alternative cryptocurrencies (altcoins) and tokens on the Ethereum platform began to develop rapidly - this is the 2nd largest cryptocurrency by capitalization at that time. At the beginning of the year, the total capitalization of all cryptocurrencies was about $ 20 billion. Of these, almost 90% came from bitcoin. But in the spring of 2017, everything changed. The dominance of bitcoin rapidly began to fall and by the summer the capitalization of bitcoin was already 40% of the rest of the market. The fact is that the so-called ICO began to be held on Ethereum - this is the initial placement of tokens, that is, the appearance of many new blockchain startups. A new, previously non-existent, with its own characteristics economy was born. It sounds pretty loud, but I didn't formulate it. On the official YouTube channel of VEB there is a corresponding video "BLOCKCHAIN-the BIRTH of a NEW ECONOMY, SPIEF 2017". I think for adequate people it will be a powerful argument that Ethereum should not be compared with pyramids, such as cashberry or mmm. I personally spoke with Buterin(the Creator of Ethereum) at one of the lectures at the HSE. I can say that he is, to put it mildly, a peculiar person) he clearly does not think about how to get rich quickly, he is completely absorbed in his idea. Vitalik is developing a system that can be used in many areas of humanity and co-ordinally change them, removing intermediaries between people, thanks to the features of the blockchain.
So ICO is an analogue of IPO in the traditional market. Since the cryptocurrency market IS still unregulated, it is natural that many scammers appeared on it. And now it is already obvious that 90-95% of all startups that were launched on Ethereum are either fraudulent or will never find a practical application. In order to get the newly minted tokens, it was necessary to buy ether, which led to a sharp increase in the price of it. So the bubble was formed, the deflation of which we are now witnessing. Ether rose from $ 10 to $ 1500, and now fell to $ 85.
It is worth noting that, firstly, ICO is not the only possible use of Ethereum, and secondly, promising tokens were released on Ethereum, which will definitely have a practical application. I will tell you more about these startups in other posts.
Back to bitcoin. In the summer of 2017, the first major update in the bitcoin network occurred. The so-called SegWit, which increased the bandwidth of the blockchain and paved the way for the Lightening Network(I'll omit the technical details, everything is in Google). And there were rumors about the appearance of the first futures on the Chicago stock exchange CBOE and CME. And here the bubble has already inflated on bitcoin. In my opinion, people overestimated the significance of this event and bitcoin literally soared in 3 months in the price of 3-4 times. Which caused it to collapse as quickly as it had grown. In the last post, I just told and gave examples of the formation of bubbles in new markets. I also wrote about the fact that markets are cyclical. At the moment, all those who wanted to get rich quickly, not realizing what bitcoin is, left the market in panic and disappointment, only losing their money.
But apart from the price, or rather short-term demand, nothing has changed. The same Lighning Network is still growing and developing, according to the same law of Metcalf. Ethereum is still a crude system, it has a lot of updates ahead that will significantly increase the throughput of the blockchain.
I want to say that it is not necessary to look at prices in the first place. Course changes are just the psychology of crowd behavior and various manipulations in this new and yet unregulated market.
In the following posts, I will talk about various promising and interesting projects using blockchain, so that everyone can imagine how this technology can change the world. And I will also tell you why bitcoin can start its new rapid growth next year. All the most interesting things are ahead. The growth of the capitalization of cryptocurrencies in 2017 from $ 20bn to $ 800bn is only the beginning of the development of this market. In a few years, it may well be more than a trillion dollars.
More https://www.youtube.com/channel/UCmYpavSD9aALIt_lhde2Ewg?view_as=subscriber
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— vitalik.eth (@VitalikButerin) June 17, 2020. The prediction cited by Buterin was anticipating a supply of 150.8 million Ethereum five years out. Still, the actual supply today is only 111.3 ... Vitalik Buterin, co-founder of Ethereum. Source: a video screenshot, edited by Cryptonews.com . Ethereum (ETH) co-founder Vitalik Buterin has no love for the stock-to-flow model when it comes to predicting the price of the world's ... Vitalik Buterin says that you shouldn’t make financial decisions solely after reading the news. The classic Stock to Flow (S2F) model is not working with Bitcoin.Major news announcements, as ... 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. 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 ...

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

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. As Cointelegraph reported, they include Ethereum co-founder Vitalik Buterin and a Bitcoin whale known as J0E007. “To be clear: I expect S2F-price relationship to hold,” PlanB confirmed. Vitalik Buterin is co-creator of Ethereum and ether, which is a cryptocurrency that is currently the second-largest digital currency after bitcoin. Ethereum ... #XRP #RIPPLE #BITCOIN #Ethereum #cardano #blockchaininfo #neo #trueusd #bitfinex #tezos #eos #blockone #binancecoin #token #tokenization #xvia #altcoins #air... More info on : https://bit.ly/2RUPoUo

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