A nice article explaining what Callisto is all about: https://usethebitcoin.com/airdrop-alert-ethereum-classic-etc-holders-get-callisto-clo-tokens-free/Callisto is a blockchain technology which runs on the Ethereum Classic protocol. Callisto introduces a cold staking protocol which rewards token holders for being participants.
Cold staking is a way of giving CLO token holders incentives for holding for a specific period of time, allowing them to earn interests without validating transactions as transactions will be achieved by the Proof-of-Work algorithm.
The Callisto Network announced in recent as seen here that Callisco will launch soon. At launch, accounts that had Ethereum Classic balances at block 5500000 will receive an equivalent amount of Callisto tokens in the ration of 1:1. Meaning ETC token holders will get 1 Callisto (CLO) token for Every Ethereum Classic (ETH) held. A snapshot of the ETC token would be taken at block 5500000 and will input all account balances to the Callisto block.
Callisto is to help improve the scalability of the Ethereum Classic and Callisto blockchains at the same time. It also plans to implement a cross-chain service as described on its roadmap. It will, therefore, become possible for Callisto smart contracts to be used on Ethereum classic blockchains and also ETC smart contracts run on Callisto blockchain effectively. It's not clear yet which exchanges are supporting this airdrop. |
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Looks like Jay Z has put some money into Robinhood (as an investor in the start up, not into crypto): http://www.craveonline.com/music/1372079-jay-z-invests-stock-crypto-trading-app-robinhoodThe reason why Jay Z is still among the richest rappers in the world is that he keeps making smart investments that help his fortune grow. His latest investment into an app called Robinhood seems to be yet another good choice that will no doubt pay off in the future. This announcement came through his start-up company called “Arrive” that Jay Z founded about a year ago. |
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So much for the Chinese new year pump. Watching the markets is always worrying however long term it's clear that block chain and dag tech have a future
There was never going to be a Chinese New Year pump because China closed all their exchanges in early 2017. I don't know how people were expecting this pump to happen - if you are Chinese, and your exchanges are closed, and your govt makes it super hard to take money out of the country, how on earth are you expected to pump the price? |
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It's only a loss if you have crystallised the loss. But there are other alternatives. For example you can hold and lend your coins out on Poloniex. Within a few months you will have increased your bitcoin stash, and will have thus lowered your overall buying price.
In the bear market of 2014-2015 when bitcoin went from $1000 to $170, many of us held and lent coins out, or held and bought some more. We were rewarded handsomely in 2017 for this strategy.
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Maybe they are intending to set up their own cryptocurrency? |
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https://www.forbes.com/sites/panosmourdoukoutas/2018/02/23/what-will-it-take-for-bitcoin-to-replace-the-dollar-in-everyday-transactions/#6423871163dbOf all the problems that keep Bitcoin and other cryptocurrencies from replacing the dollar in everyday transactions, one stands out: volatility—value fluctuation in relation to the dollar.
That’s according to a recent survey conducted by Survata, an independent research firm in San Francisco, which found that 60.3% of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions.
Survata interviewed 402 online respondents between January 18, 2018 and January 23, 2018. Respondents were reached across the Survata publisher network, where they took a survey to unlock premium content, like articles and ebooks. Respondents received no cash compensation for their participation.
402 respondents is a tiny sample, and therefore the survey findings should be interpreted with extreme caution.
Still, the survey results aren’t surprising to Craig Cole, CEO and Founder of CryptoMaps. “Whenever you transfer bitcoin using blockchain, it can take hours. Because of the high volatility of the currency, the value can change dramatically during that time. So for many virtual currency owners, they see this and think it doesn't make sense to use bitcoin to purchase anything.”
What could change the situation? Two things. One is speeding up the time it takes to execute cryptocurrency transactions, something cryptocurrency exchanges are working on. “The focus has been on changing this issue,” says Cole. “Projects such as OmiseGO, DASH, Stellar, BitcoinCash and Litecoin have radically improved transaction speeds. This has eliminated some of the angst that Bitcoin has given business owners and consumers. With new point of sale platforms emerging daily like CoinBase Commerce, cryptocurrency will be a viable payment option for businesses for the sustainable future.”
Then there’s Wall Street, which has come up with financial products that allow market participants to hedge their positions against volatility in one of the major cryptocurrencies, Bitcoin. Merchants, for instance, concerned about Bitcoin volatility, can purchase Bitcoin futures, as discussed in a previous piece here. It's interesting that the belief (based on experience in 2017) that it takes hours for bitcoin to confirm is now received wisdom and gets endlessly repeated, despite the mempool clearing.
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A big trigger would be the banking sector blocking the exchanges. If you can't spend your bitcoin (because merchants don't accept it) and you can't convert your bitcoin into fiat to spend, then what is the point of holding bitcoin?
So watch to see what the banking sector does. We've already seen bans on purchases with credit cards. But wire transfers are still working smoothly.
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That's an interesting graphic. Can you explain what some of the elements mean? What does "strict transport" do, and what are public key pins?
Also, can you list which exchanges have the most security? (perhaps do another graphic scoring the exchanges on each element)
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I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.
transaction costs when sending bitcoin will not decrease the more expensive bitcoin then the cost is in need of more expensive, so it all depends on the bitcoin price when you make the transaction process. It's nothing to do with the bitcoin price, it's to do with the number of transactions waiting to be processed. In December, bitcoin was processing 400,000 transactions a day with about 220,000 transactions waiting in the mempool. Now it's about 180,000 transactions a day and the mempool clear. |
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There's a thin line between Trading and Gambling and sometimes is really hard to differentiate between the 2 of them.
You can always tell the gamblers because they always go All In. They never practice risk management. Basically the first aim of a trader is not to lose money, to protect yourself on the downside. This involves only staking 1/10th on a trade, looking for reasons why the market might go down instead of up, selecting entry points carefully. Being disciplined on exit (carrying out the plan) and not looking back even if the price continues up without you. The gamblers like to stake big, it gives them a thril. They don't think about what they could potentially lose, only about how rich they're going to be when they gain. And because they don't practice risk management, one bad trade is enough to wipe them out. |
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Will this blockchain be public or private? I can see issues with having health records stored on a public blockchain that anyone could look up.
It's fine for things like land ownership records, which are public and anyone can look up already. But medical records...?
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You can have a PRIVATE ledger without a coin, but you can't have a distributed ledger.
Because the point of distributed ledgers is that the miners are around the world and unconnected to each other and they need an incentive to mine and keep the ledger - mining coins.
And the whole point of distributed ledgers is that there is no central point of failure (because it's distributed around the world) and it is trustless.
As for private ledgers, there is no point to them - you could as easily have the current system of a central database for the same cost, because private ledgers are neither trustless nor distributed, so why bother?
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Bank of America has also filed loads of cryptocurrency patents: https://news.bitcoin.com/bank-america-filed-cryptocurrency-patents-company/It may come as a surprise then to learn that in the last decade, the company that has more cryptocurrency patents than any other is in many bitcoiners’ eyes the antithesis of everything decentralized currency stands for – Bank of America.
Since Bitcoin’s genesis block was mined nine years ago, over 2,000 related patents have been filed, Bitcoin Patent Report reveals. In the cryptocurrency’s early years, the number of patents was low, averaging under 50 a year, but by 2015 that figure began to pick up and by 2016 was growing exponentially. Some of the companies whose names feature in the top ten are to be expected, such as Bitflyer and IBM, whose interest in blockchain is well documented. The computing giant has filed a total of 34 cryptocurrency related patents, but is outplaced by South Korean brokerage Coinplug, which is third on the list with 39.
Some entrants on the list are unexpected, either because they have publicly expressed little interest in cryptocurrency, or are not commonly associated with cutting edge technology. It makes sense that Mastercard would have an interest in digital payment systems, for example, but it is surprising to see them ranked ninth for cryptocurrency related patents, with 21 filings. The greatest surprise of all is reserved for top spot, which is claimed by Bank of America, with no less than 45 patents. Last year, a total of 1,250 cryptocurrency patents were filed, demonstrating the extent to which corporations have finally caught on to bitcoin’s huge potential.
Bitcoin Patent Report also reveals that 50% of all crypto-related patents come from China (910) followed by the U.S. (676), U.K. (112), and South Korea (98). It's worth noting though that not all patents filed are granted. The patents office checks whether stuff if in the public domain already and rejects it if a company is filing stuff that is in common usage. (and because of the backlog at the patents office and their rigorous checking it can sometimes take years before they assess a filing and decide whether to grant or reject it). That's why it's really important for developers to keep their github listings up to date. |
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Hello,
I had read a few months ago that many people like warren buffet had bad perspective for cryprocurrency. He said that bitcoin will have a bad ending.
Do you think it's proper for him to gave a comment like that?
IMO it's not proper. Even if he was an expert in stockmarket but he was commenting on cryptomarket.
It's like an Electrical Engineer questioning the structural integrity of a building design by a Civil Engineer.
He's a very old man (87) and he has said repeatedly that he doesn't invest in stuff that he doesn't understand. During the dot.com boom in the 1990's he thought it was all hype and refused to invest. And from a financial point of view he was right to do so, because 90% of the dot.com stocks being touted were rubbish. What he missed was that internet tech was transformational and not a fad. He missed taking a punt on Google and Amazon and others. And he didn't understand the detrimental effect that the net would have on businesses he was invested in (like the Washington Post, whose whole advertising model has been thrown out of the winder by Google and online ads). He's basically doing the same thing now - he doesn't understand cryptocurrency, he thinks it will crash and burn. I don't know if he realises that the tech is transformational, but from his point of view, if you can't tell which are the winners, better stay away from it. Which is fair enough. |
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This is really interesting. How does it work from a tax perspective though...? You can't pay stamp duty in Bitcoin and what happens when you sell (for example with Capital Gains tax)
Well the purchase of the house is separate from tax. So say you are buying a house for £200,000 from Hagan homes. You send the £200,000 to Hagan in bitcoin. You pay teh £1500 stamp duty in sterling to the govt. Hagan homes is a corporation making new builds - so they won't be paying capital gains tax. They will pay corporation tax to the govt on profits in sterling. |
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It could be the start of just many. Large transactions such as buying a house are ideal to be transacted in cryptocurrencies. The fees involved will be much better with bitcoin than with fiat.
If a major UK estate agent such as foxtons were to start accepting bitcoin that would be a big breakthrough.
Estate agents like foxtons are just the middle men. The actual transaction to purchase a house is handled by lawyers, between the vendor and the buyer. Obviously new house builders like Hagan Homes are vendors, so they can enable bitcoin. But I doubt foxtons will be able to persuade the ordinary sellers on their books to accept bitcoin. |
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Could you self-insure? As in placing a sum of money in a bank account monthly that you don't touch except if something happens to your rigs and you need to replace them?
If by the end of the mining operation you haven't needed to touch the money, then the bonus is that you get to keep it all.
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http://metro.co.uk/2018/02/23/can-now-buy-house-britain-using-cryptocurrency-bitcoin-7336728/You can now use Bitcoin to purchase a home in the UK after one of Northern Ireland’s largest housebuilders said it will now accept cryptocurrency.
Ballyclare-based Hagan Homes is believed to be the first firm of its kind in Northern Ireland or the Republic of Ireland to take the step.
Managing director Jamesy Hagan said: ‘Bitcoin is an innovative new payment method and essentially a new kind of money. It is very similar to a cash transaction.
‘There has been a significant growth in the use of Bitcoin worldwide and our acceptance of this new channel reflects our willingness to respond to the market.’
Hagan Homes recorded a turnover of more than £18 million in 2016/17 and marked its second biggest year of home completions since it was established almost 30 years ago.
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Your strategy might be good but I prefer to keep them diversified. More coins = more chances to grow
Depends very much on the coin. Back in 2013, I know some people simply bought all the alts that existed on the grounds that some might make it big. But I think only Litecoin survived. Interesting coins like Peercoin and Namecoin went precisely nowhere despite interesting tech and whitepapers and coins like ixcoin and devcoin bit the dust. |
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