https://www.cryptocoinsnews.com/bitcoin-makes-history-reaches-gold-parity/Reaching gold parity is an historical milestone for the eight-year-old digital currency which has grabbed the world’s imagination since its invention, spurring thousands of likewise blockchains, with the most prominent, Ethereum, which extends the capabilities of this new invention to that of fully programmable money. If it maintains it, the event will probably be seen as the tipping point as the permissionless, decentralized, cost efficient, limited, programmable money, which even the United States government accepts cannot be shut down and a member of Trump’s administration states is “not manipulatable by any government,” finally announces its arrival on the world stage, regardless of what price now does.
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https://www.cryptocoinsnews.com/bitcoin-makes-history-reaches-gold-parity/Reaching gold parity is an historical milestone for the eight-year-old digital currency which has grabbed the world’s imagination since its invention, spurring thousands of likewise blockchains, with the most prominent, Ethereum, which extends the capabilities of this new invention to that of fully programmable money. If it maintains it, the event will probably be seen as the tipping point as the permissionless, decentralized, cost efficient, limited, programmable money, which even the United States government accepts cannot be shut down and a member of Trump’s administration states is “not manipulatable by any government,” finally announces its arrival on the world stage, regardless of what price now does.
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fresh fiat through btc is good, if 1btc is worth over $1000 then 1ETH is easily worth $50 minimum..... also the fresh new btc money will trickle into the alts (with ETH top of the list) and if btc dumps then alts will fly...either way its a great time to be in crypto https://alternativeeconomics.co/blogline/54906-bitcoin-explodes-higher-as-chinese-money-market-liquidity-collapses 3hrs ago Bitcoin Explodes Higher As Chinese Money Market Liquidity Collapses As one veteran trader noted “something is very broken.“ After a massive short-squeeze stronger in offshore yuan during the day session, overnight yuan deposit rates have exploded 31.5 percentage points higher to 45% - just shy of the record highs - as China's liquidity crisis is front-and-center. At the same time, coincidence or not, Bitcoin has gone vertical, smashing through previous record highs. The People's Bank of China injected CNY10 billion via seven-day reverse repos and skipped 14-day reverse repos at its open-market operations Thursday, according to traders. The moves resulted in a net drain of CNY140 billion for the day. The central bank has removed CNY435 billion in liquidity at OMMOs so far this week. Utter desperation for liquidity has prompted deposit rates to explode..... CRYTPO GOOONAAA MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON
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https://alternativeeconomics.co/blogline/54906-bitcoin-explodes-higher-as-chinese-money-market-liquidity-collapses 3hrs ago Bitcoin Explodes Higher As Chinese Money Market Liquidity Collapses As one veteran trader noted “something is very broken.“ After a massive short-squeeze stronger in offshore yuan during the day session, overnight yuan deposit rates have exploded 31.5 percentage points higher to 45% - just shy of the record highs - as China's liquidity crisis is front-and-center. At the same time, coincidence or not, Bitcoin has gone vertical, smashing through previous record highs. The People's Bank of China injected CNY10 billion via seven-day reverse repos and skipped 14-day reverse repos at its open-market operations Thursday, according to traders. The moves resulted in a net drain of CNY140 billion for the day. The central bank has removed CNY435 billion in liquidity at OMMOs so far this week. Utter desperation for liquidity has prompted deposit rates to explode..... CRYTPO GOOONAAA MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON
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nice big sell walls ready to be eaten.....
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AFAIK ETH foundation havent sold any ETH for around 6months.. big plans next few months...hold on lol fresh fiat through btc is good, if 1btc is worth over $1000 then 1ETH is easily worth $50 minimum..... also the fresh new btc money will trickle into the alts (with ETH top of the list) and if btc dumps then alts will fly...either way its a great time to be in crypto
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Next stop...Metropolis
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https://goldsilverbitcoin.com/jp-morgan-publishes-code-for-permissioned-ethereum/This distributed ledger, perhaps most interestingly, proposes a new consensus mechanisms, QuorumChain, which is “based on majority voting” and features Constellation, “ a peer-to-peer encrypted message exchange.” JPMorgan doesn’t exactly see Quorum as competition to Ethereum. “ Quorum is designed to develop and evolve alongside Ethereum,” the U.S.’s largest bank by assets writes. “Because it only minimally modifies Ethereum’s core, Quorum is able to incorporate the majority of Ethereum updates quickly and seamlessly.” JP Morgan open-sourced the distributed ledger. So what is the meaning on influence to the ETH, Is the Quorum a parasite of ETH? As a independent blockchain , it seems than Quorumchain would copy/steal the core features and updates of the ETH project. How do you think? My thoughts on this is that JP , one of the biggest banks in the world needs ETH....probably because ETH is the the most advanced financial technology out there and has the smartest devs. All banks are running on old dated systems and an upgrade is urgent but they also require privacy in transactions aswell as conversations as we move into a heavily gov snoopin gen. Quorum prob will never be available to the public and could copy alot of ETH...but im sure they will also be supporting ETH so they can copy them,lol ETH could end up gaining some of Quorums features. ETH has backing from some real deeeep pockets (jp, santander, microsoft)and ETH projects like, Consensys, Plutus and LO3 show to me that ETH has a very bright future.
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https://goldsilverbitcoin.com/jp-morgan-publishes-code-for-permissioned-ethereum/This distributed ledger, perhaps most interestingly, proposes a new consensus mechanisms, QuorumChain, which is “based on majority voting” and features Constellation, “ a peer-to-peer encrypted message exchange.” JPMorgan doesn’t exactly see Quorum as competition to Ethereum. “ Quorum is designed to develop and evolve alongside Ethereum,” the U.S.’s largest bank by assets writes. “Because it only minimally modifies Ethereum’s core, Quorum is able to incorporate the majority of Ethereum updates quickly and seamlessly.” JP Morgan open-sourced the distributed ledger.
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To me, ETH is a big bubble. It is beginning to burst. That is why I mine it and dump right away since the DAO fiasco. Some people (not much) are trying hard to hype it, but not many people buy their hype. The major world ignores it. The dev use it as a tool to make money, based on what we saw in the DAO fiasco and the recent many so-called ICOs. Through the DAO fiasco, I believe the future of ETH have been clear to me.
My suggestion to those who are new to ETH:
Invest no more than what you can afford.
Do not trust the hype news and the beautiful future of this coin, it is just a strategy to get your money.
lols the bubble burst a while ago... ETH suffered from dao hack ETH suffered from btc price increase ETH suffered various network (gas) attacks since devcon2 Its still here...looking stronger to me than ever before.... ETH is still the #1 coin to buy when btc goes down ETH is still the top performing currency on the planet for 2016
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ETH back to over $10 very soon... Stop spreading this shit! Last time you said it will go to 20 and see what happened. You have zero credit in this community. yea i remember ...it went to $22 ....
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ETH......
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Looks pretty good.... but when Ethereum will support PoS? any plan for it? Rely on active mining to drive the blockchain may not be a good solution. pos at least 6months away...could even be Q4 2017
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