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@cr1776. On a real genuine depression, many people will not have sufficient assets to protect by holding bitcoin. Poor people would better use what they have for food, water and shelter.
We witness it in the world today. Would you see a poor Asian farmer protect his assests in bitcoin?
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The miners do not dump while we are also witnessing the exchanges print more stable coins which might not be backed by real fiat and pump. The skeptical me thinks that the miners with help from exchanges are on an operation to save themselves hehehe. Their sustainability depends on bitcoin's price. However, is this plan sustainable?  Miners have sold less Bitcoin (BTC) over the past seven days as the highly anticipated block reward halving approaches. This means that miners expect the price of Bitcoin to increase substantially over time after the halving occurs.
Over the past week, according to data from ByteTree, miners held about 1,067 Bitcoin. Ostensibly, miners hoarding Bitcoin seems positive — but it is not.
Normally, miners hoarding most of the Bitcoin they mine without selling it to cover expenses is not optimistic. But ByteTree’s research paper noted that this time miners may be expecting the upcoming halving to drive the price of Bitcoin up substantially.Read in full https://cointelegraph.com/news/btc-miners-expect-bitcoin-price-to-surpass-12k-after-reward-halving |
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@cryptoaddictchie. I reckon you do not read much of the news? Justin's $2 million forgivable loan came from Trump's paycheck protection program to help small businesses pay the salaries their employees. My opinion is it is his right to apply for the loan. However, boasting to the Chinese people on Wechat and make it appear that this is an approval of Tron from the American government is a scam. The Tron Foundation has declined to comment on a report circulating in Chinese media that it has received stimulus funding from the U.S. government.
Given the non-denial from Tron, it's possible that the U.S. business entity that maintains the Tron office in San Francisco could have successfully applied for coronavirus relief. Tron also owns BitTorrent, another U.S.-based company, as well as Steemit, Inc., the latter of which is based in New York.Source https://www.theblockcrypto.com/linked/64224/tron-foundation-declines-to-comment-on-coronavirus-relief-funding-report |
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@Naida_BR. Part of my argument is also where would longterm sustainability come from if the real world's economy is in depression? Bitcoin does not pump on its own.
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@capn. It might affect it if bitcoin will continue to be used only as a speculative investment. The cryptospace would be lucky to be supported similar to the fiat printing bailouts hehehe. However, how long would this be sustainable without a healthy economy? According to data from Finanso.se, the market cap of the five banks combined fell from $407.44 billion at the end of December 2019 to $240 billion at the end of March 2020.
The largest bank in Europe, HSBC, alone fell by $47 billion in this time frame, to $114.08 billion. French bank BNP Paribas also lost 40% of its market cap; it fell from $74.03 billion to $42.62 billion.
Banco Santander, the third largest, lost 44% of its market cap in the first quarter of 2020. It fell from a market cap of $66.96 billion at the end of December to $37.55 billion at the end of March. Its net profit fell by 82%.
And Lloyds Banking and ING Group, the fourth and fifth largest banks in Europe, lost over 50% of their market caps. Lloyds fell from $57.97 billion to $26.59 billion, and the Dutch bank, ING Group, fell from $46.96 billion to $20.07 billion.
This is all down to the coronavirus pandemic, which toward the end of the first quarter of 2020 strongly affected Europe. Spain, Italy, the UK, France and Germany are among the worst affected countries in the world, surpassed in infections and deaths only by the US. Source https://decrypt.co/27698/banks-face-huge-losses-due-to-coronavirus |
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@Febo. However, a dissolving community was not the only issue the article implied. It was mentioned that the XRP Army on Twitter is fake similar to farmed accounts and bumping services here on bitcointalk.
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He paid for $4 million to have lunch with Warren Buffett. Why is he asking $2 million from American tax payers? He is also hyping it to the Chinese people?  The grant was for salary protection, which is available to US companies suffering from the effects of the coronavirus crisis, and the money does not need to be repaid, according to the post, published Tuesday.
It was shared and translated by Matthew Graham, chief executive of Beijing-based blockchain investment firm Sino Global Capital.
Graham speculated that, in China, many people would have misinterpreted the award of the grant as an implicit endorsement of Tron from the US government. By some, it would even be interpreted as a savvy move.Read in full https://decrypt.co/27817/us-hands-justin-sun-a-2-million-coronavirus-relief-grant |
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Singapore should be the best example of what the 2nd wave of the pandemic would look like. The country did a good job in containing the virus in the beginning, however, opened their country very early and they had no plan on how to fight it versus the 2nd wave.
I reckon the Las Vegas is being pressured by the powerful casino owners.
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It appears that everyone is hyping up the halving to be the cause of something positively big for the price of bitcoin. However, what if this does not follow the direction that people were made to expect?  "The bitcoin halving is only five days away and in the lead up to this event, we’re seeing a lot of people speculating on what will happen, whether the price will go up or down, or if it will be a non-event," said Danny Scott, chief executive of U.K.-based bitcoin and cryptocurrency exchange CoinCorner
"We’ve actually seen a 21% increase in sign ups during April (from the previous month) which adds to this year's strong growth in the build up to the halving," Scott added.
Elsewhere, the London-based bitcoin exchange Luno claims it will hit 4 million users in coming days—most of whom (75%) expect the bitcoin price to be "higher" or "much higher" by the end of 2020 according to a recent user survey.
The wider bitcoin and cryptocurrency industry is also cheering the coming bitcoin halving, hoping it will bring with it new users and potential sales.Read in full https://www.forbes.com/sites/billybambrough/2020/05/06/bitcoin-halving-bitcoin-could-be-about-to-make-another-major-move/ |
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@JeromeTash. That diagram! How are we certain that Vitalik is not making that confusing for everyone? Do you literally understand it?
Also, what is Eth 2.0's beacon chain? Is this similar to IOTA's coordinator where the developers have the power to shutdown the platform?
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@Harlot. Agreed. However, he might not be wrong on what might occur after the next halving hehehe. It would be clearly disadvantageous for the smaller mining farms if the price of bitcoin does not pump. The skeptical me thinks that this is not a race to get 12.5 BTC before the halving. It might be the big mining farms geting ready to kill the small mining farms after the halving. Bitcoin’s mining difficulty, an indicator of competition among bitcoin miners, also touched 16.10 trillion (T) today, as compared to its all-time high of 16.55 T recorded in March.
It suggests that more miners have joined the race ahead of the halving, which will see mining reward per-block reduce from 12.5 BTC to 6.25 BTC. The halving is expected to occur next week on May 12.
"After the halving, however, the first 1008 blocks will face higher mining difficulty and lower payouts," De La Torre told The Block.Source https://www.theblockcrypto.com/post/64034/bitcoins-mining-difficulty-and-hashrate-near-all-time-highs-ahead-of-halving-hinting-at-increased-mining-activity |
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We might see a fight between Conor McGregor and Jorge Masvidal for the BMF belt, i was expecting a trilogy with Nate Diaz but uncle Dana has other plans  . These are speculation by the media when UFC president announced that he has other plans for Masvidal other than Kamaru Usman, even if we assume that they are going to put together that fight how McGregor is able to fly to US and even if they could fly in a private plane with permission from both the countries when can we expect the fight to happen. The promotion for the BMF belt is finished. However, what we might witness is Jorge Masvidal fight in the boxing ring. Is Canelo Alvarez under the origanization of Oscar dela Hoya? Oscar De La Hoya and Dana White haven’t seen eye to eye lately but that seems to have changed.
During the COVID-19 pandemic, the combat sports world, like the rest of the world, has been forced to shut down. Yet, White and the UFC plan on returning on May 9 which De La Hoya respects.
“I commend and respect Dana,” De La Hoya said on CBS Sports’ “State of Combat” podcast (via MMAJunkie). “We did have our differences. When I wanted to get involved with the MMA, I did Chuck Liddell (vs.) Tito Ortiz. It was a huge success. I dipped my toes into the water, and I experienced it. It was actually wonderful. I love the MMA.Read in full https://www.mmanews.com/oscar-de-la-hoya-praises-dana-white-for-doing-a-phenomenal-job-during-covid-19-pandemic/ |
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Similar to what the polls said about Hillary and Trump on the last election hehe.
I speculate that Biden's running mate might be a woman. The democrats want their first woman president after their first black president hehehehe.
The only way for this is through 77 year old Biden who the democrats will make sure not finish his term.
What about some of those primary candidates, such as Elizabeth Warren, Amy Klobuchar, Kamala Harris or Kirsten Gillibrand? Personally, I would prefer someone who is energetic and popular with the youth, such as Tulsi Gabbard. He's 77 years old, and non-Hispanic white. He needs a running mate, who is young, and non-white. Someone who can attract the youth vote. Agreed! Do you read a lot about American politics? In any case, if I was given the power to choose who would run under the democratic party, I like Bernie Sanders and Tulsi. They are scared of people who want real change, however hehehe. |
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In any case, what would be Trumps odds versus only Joe Biden? Who would the odds favor after the debates and campaigns?
The polls seem to favor Biden, but polls are wrong more often than not. In reality polls are a joke, often posing questions designed to illicit the response the pollsters want. I really believe that Biden doesn't have a chance against Trump. I think the Democrats are starting to see it as well. I doubt they'll give the nomination to anyone else, but I think they are desperate to find a strong running mate for him. I wouldn't be surprised if they are negotiating with Cuomo, who seems to be the Democrats' Darling Du Jour. Similar to what the polls said about Hillary and Trump on the last election hehe. I speculate that Biden's running mate might be a woman. The democrats want their first woman president after their first black president hehehehe. The only way for this is through 77 year old Biden who the democrats will make sure not finish his term. |
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@smooth. Yes I know. Aeon is one of the most private of all cryptocoins. However, no. I was really hoping someone can give me an answer and I can better understand this pump hehehehe.
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@Febo. The whale who I assume to be americanpegasus appears to holding, however hehehehe.
Can anyone check Bittrex and Tradeoger's Aeon addresses? Have there been Aeon sent out?
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News update. It appears that the TON developers have received the right amount of pressure from the SEC to postpone their launch again. Why does the SEC not make them settle? EOS' Block.one and others did it. Are the SEC only choosing the projects they like which are allowed to settle? What if the SEC have been corrupted by billionaires who hold ETH, EOS or XRP? Messaging app giant Telegram has further postponed the launch of its TON blockchain network -- this time by one more year.
The company was scheduled to launch Telegram Open Network (TON) today, but it has now been delayed to April 30, 2021, according to Telegram’s letter to investors on Wednesday (the letter was posted by a Russian forum).
Telegram cites "recent U.S. district court decision" as the reason for the delay. Last month, a U.S. judge ruled that the company cannot launch its blockchain or issue gram tokens until its case with the U.S. Securities and Exchange Commission (SEC) is resolved.
Telegram and the SEC have been in a legal battle since October 2019, when the regulator sued Telegram for conducting an “illegal” sale of its gram tokens and allegedly violating securities laws. Telegram raised $1.7 billion in 2018 by pre-selling its gram tokens.
The legal battle first forced Telegram to delay the TON launch from October to April 2020, and now to April 2021.Read in full https://www.theblockcrypto.com/amp/post/63524/telegram-now-delays-launch-of-its-blockchain-by-one-more-year-ready-to-return-investor-money |
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What is this? The Ethereum foundation pays developers to use Ethereum to develop dapps? We have never seen Amazon pay developers to create apps on AWS before hehehehe. I any case, does anyone have a subscription on theblockcrypto.com or the full list of projects that were given the grants? More than 150 Ethereum projects have received nearly $25 million in total grant money to date.
The Ethereum Foundation is the biggest donor, awarding over $21 million of the total amount, according to a study by The Block’s Steven Zheng. The foundation is followed by the Ethereum Community Fund, Aragon Foundation, ConsenSys and Protocol Labs.
The Ethereum Foundation leads the pack not only in terms of the total dollar value of grants, but also in terms of the number of grants. The foundation has given out a total of 94 grants to date.
Projects that have received the highest amount of grant funding to date are Parity Technologies, Starkware, Prysmatic Labs, L4 Research, and Status.Read in full https://www.theblockcrypto.com/amp/linked/63732/ethereum-projects-25-million |
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