Throwback to this man begging people to buy at least $1 of Bitcoin back in 2013. $1 of Bitcoin from the date of this video would now be worth $426 after appreciating a very humble 42,508%
submitted by /u/TheArabicCowboy [link] [comments]
submitted by /u/TheArabicCowboy [link] [comments]
monero is one of the most loved, revered and trusted coins out there. Imo it embodies what the ‘OG hardcore coder’ cypherpunk community valued back in the early days of btc. In terms of developers, 3rd biggest group of active/contributing devs working on it. It’s the no1 trusted currency used on the dark net —it’s…
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A new partnership between Cardano and blockchain-based firm Coinfirm has drawn criticism from its community. The Cardano-Coinfirm partnership will enable authorities to track ADA transactions on the blockchain from as far back as when it was first created. This, according to the press release, will enable the apprehension of bad actors and prevent illegal transactions from being carried out on the platform. Complying with anti-money laundering (AML) regulations within regulations. Related Reading | Hoskinson Celebrates Ethereum Smart Contracts On Cardano, How This Company Enables It Even though this move was made as a way to further the adoption of ADA by institutions, it has been seen as a form of betrayal by some in the community. The most prominent of these criticisms have been levied by Weiss Crypto, A subsidiary of Weiss Ratings, a leading financial rating firm. Cardano Faces Criticism From Community In a series of tweets, Weiss Crypto laid out its criticism of this move. It pointed out that excessive regulation is what killed the banking system. This is why people are so distrustful of the current banking systems and are turning to crypto. Now, Cardano is allowing the same regulations that crippled the banking system onto its ecosystem. Weiss Crypto pointed out that this move would make the blockchain political. Also opening it up to censorship and network manipulation. A follow-up tweet said that this defeats the whole purpose of the freedom cryptocurrencies brings to the masses. Regulation like this would take away this freedom from control and repression from the people who already run current world financial systems. Related Reading | Cardano (ADA) Cracks New $2.5 All-Time High, Is $3 Possible? “This brings Cardano closer to becoming a censorship-prone, politicized, and manipulated network. If you’re going down this route, there are far better tools for the job – Facebook’s Diem, CBDCs, and the networks they’ll spring up.” Weiss Crypto’s focus landed on the fact that AML laws are used to surveil the people. Making sure that they know what is happening in the financial markets at every turn. It then concluded by reiterating that this was an all-around bad and disappointing move. Charles Hoskinson Responds To The Backlash Cardano co-founder Charles Hoskinson took to Twitter to respond to these criticisms via video. The co-founder started out by stating that it [Cardano] is a totally agnostic protocol. Hence where a person is located doesn’t matter to it. Related Reading | Crypto Analyst Lays Out Cardano’s (ADA) Pathway To $4 Hoskinson said; “While the base layer of the system doesn’t care if you’re from the United States or Japan, wherever, what you can do is add identity and metadata, and all kinds of other things and those other things give you the ability to be in compliance with your business domain, regulated or otherwise.” “They provide clarity,” Hoskinson said in regards to the partnership. “They provide a lot of business and technical requirements. And they allow us to make the software better for everyone everywhere, and Cardano to get more adoption in all industries, regulated and unregulated.” ADA price back up above $2.8 | Source: ADAUSD on TradingView.com ADA is currently still trading above its previous all-time high. The coin which had successfully clenched 3rd position for largest crypto by market cap has continued to maintain its upward momentum. Currently trading at $2.58. Featured image from CryptoSlate, chart from TradingView.com
Bitcoin price is making another attempt at the time of this publication to take back $50,000 and hold. With the Ichimoku indicator turned on, the leading cryptocurrency by market cap is also trying to hold above the cloud. Losing the cloud under similar circumstances the last time around, resulted in one of the nastiest selloffs on record with Black Thursday in March 2020. Could such chaos be in the forecast for crypto? Holding Above Cloud Could Prevent Black Thursday Repeat Until either Bitcoin sets a lower low, or blasts cleanly above $50,000 and makes a crack at its current all-time high, debate will rage on regarding if the bull market will continue or if a bear phase has begun. Related Reading | Total Crypto Market Cap Reenters Monthly RSI Bull Zone Currently, there’s a battle breaking out between bulls and bears, and while at first glance it would seem $50,000 is the prize, price action is trying to hold above the Ichimoku cloud – also called the Kumo – on the three-day timeframe. Bitcoin losing the cloud could cause a deeper correction | Source: BTCUSD on TradingView.com In an attempt to use the cloud from the past to forecast the future, losing the cloud on the timeframe could result in a similar style collapse as Black Thursday. A red cloud represents bearish strength in the market, so although Bitcoin is rising, bears might still have the upper hand. A Theory On Where The Bitcoin Correction Will End If such a fall happens, the lower low doesn’t necessarily mean a downtrend has started. The pure definition of a downtrend is a series of lower lows and lower highs, which will be what happens in Bitcoin if the top cryptocurrency reverses here. Even Black Thursday itself was a buy signal, marking the completion of an ABC correction. According to Elliott Wave Theory, following each impulse wave, a corrective wave follows. Another ABC correction would result in a lower low | Source: BTCUSD on TradingView.com In an ABC correction, the C-wave is always lower than the A-wave. Adding credence to the idea, both rallies on the way up saw similar sub-division. There is no guarantee that a C-wave will arrive. Also, impulse waves move in the primary direction of the trend, and the current corrective wave could be a wave-four in a larger formation making any downside relatively moot. Related Reading | Proof-of-Work: Bitcoin Back Programs That Put Your Money To Work For You The larger formation suggests one final wave five up before the bull market is over, and the wave five will be one to remember. When it is all said and done, if the formation is valid, Bitcoin could see its worst bear market ever to follow. Similar thoughts on #bitcoin – potential ending diagonal. pic.twitter.com/HYyBIEGyxN — Tony “The Bull” Spilotro (@tonyspilotroBTC) August 7, 2021 Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
Every time someone brings up Ethereum or Ravencoin people are like "yeah but they're different projects, rvn no smarterino contracterino". Why is this, though? Do you need smart contracts to be written on the blockchain base code from the beginning? If RVN already has built-in asset creation and atomic swaps are being made then what…
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submitted by /u/Shatter_Hand [link] [comments]
Layer-one projects register a steady inflow of new users as the cost of using the Ethereum network gives projects like Avalanche and Cardano room to gain a foothold in the market.
Is there any benefit of raising minimum payout beside saving the pool transaction fees? I seem to remember reading that it can help with the time it takes to transfer the funds later on when moving the currency around in larger amounts (since there are less transactions recorded to transfer). Is this true at all?…
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