What are the disadvantages of switching from PoW to PoS ?
I'm asking this, so that we can have an objective discussion.
Also, is it an upgrade or a reboot of the platform? It appears Vitalik created a new platform and called it Ethereum 2.0. Is it his acknowledgement that Ethereum 1.0 has failed? |
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actually the problem is not with what they use, the problem is with trying to analyze something that has no logic behind it because it moves based on manipulation. and obviously when it is based on market capitalization it must be wrong! the fact is, many altcoins are still at a price that is a lot higher than their intrinsic values. that means they are still in bubbles and bubbles first have to burst before the market can even begin the recovery process. on top of that, as i said in another topic the newbie money is not yet in market to help pumper pump the altcoins so we can't expect any kind of "recovery" any time soon. I reckon that websites similar to coinmarketcap.com and tradingview should create proper indexes. They cannot group everything together and expect the charts to be a correct representation of the altcoin market. |
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Has anyone created a chart for Grin's hashrate with the correct information finally? Different websites have different hashrates.
@polylogic. Agreed. Wait for $0.50.
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@Hueristic. I am not afraid of infinite. It is a fix on bitcoin's moon math and it will stop any advantages for early investors.
@mindtrust. You need to read Grin's monetary policy to understand. Its emission will be similar to bitcoin's emission of today after 10 years.
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what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.
We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof? However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe. Agree, with the condition that almost all altcoin is utility token that cannot be used yet, maybe 99% of the ICO will be forgotten and may not be traded in the market anymore. Such a possibility could occur because of the slow adoption of cryptocurrency, besides that many ICOs failed to reach the roadmap that they made themselves It is not only that. ICOs do their development similar to a startup. Where would they be after spending all of their ICO funds? How would they continue the project? Dump their share of the tokens hehehehe. They have lost the principles of opensource development. |
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@bbc.reporter - We've been following the various CSW litigations with interest, and though there some really interesting propositions flying around - such as Peter McCormack's - we aren't in a position right now to offer a market for any of them.
Out of interest, would you take 2/1 on those coins being moved by CSW within 1 year? Or assuming a fair market (no margin) the inverse would be 1/2 they stay put, so a 50% return on investment.
My answer would be no. Peter McCormack is offering very small odds. I reckon the chance that those coins would move is very miniscule. The odds should be x100, however if I was a sportsbook, x25 hehehe. |
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@gentlemand. The skeptical me would say that this is Bitfinex's tactic of bringing themselves in trouble to create a reason to exit scam.
However, if I was an adviser for the PBOC, I would tell them to force 1 billion Chinese people to use CNHT everyday to congest the Ethereum blockchain and offer PBOC's digital coin as a solution hehehe.
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So, ask yourself this question... does the average person on the street know how the Fiat system work? People I have spoken too, still thought that every Dollar bill was backed by Gold and that Gold gave Fiat currencies it's value. They still used Fiat currencies, even if they did not know how it worked and after I told them that it was not backed by Gold, they continued using it. <People simply do not care, they just want it to work>  Let's take it one step further, do people know how governments and Banks are manipulating Fiat currency value? Do they know how the value of their Fiat currency is dropping over time? <buying power>  Agreed! The people shold know that it already works as a form of currency. However, if they want to learn more, it should take more than 1 hour. This is not a flaw. Schools have whole courses only to study fiat banking systems. Why not bitcoin? |
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what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.
We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof? However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe. |
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It appears that Bitfinex is ready to annoy another regulator. This time it is China's PBOC hehehe. I shake my head at this and I am afraid that it might be the cause of something very bad for the cryptospace. The Hong Kong company said in a short blog post that the new stablecoin, known as CNHT, would be pegged one-to-one to the offshore Chinese yuan. Like its popular stablecoin USDT, which is backed by the US dollar, CNHT would be issued as an ERC20 token atop the Ethereum blockchain.
The announcement follows years of debate about the correlation between the Chinese yuan and bitcoin. Many analysts believe that investors in China use bitcoin as a tool against state-imposed capital controls. And a depreciating value of yuan has prompted a majority of them to dump their yuan or yuan-based assets for bitcoin.
Tether appears to be cashing-in on the sentiment as worries over a gloomy economy – majorly led by the ongoing US-China trade dispute – sends investors fleeing towards safe-haven assets. CNHT promises to remove the necessity of exchanging yuan every time one feels the need to purchase or sell bitcoins. It could offer smooth liquidity between the two currencies, given investors trust Tether for maintaining that 1:1 stablecoin peg to yuan.
With the launch of CNHT, Tether is attempting to take on China by its collars as the latter plans to go ahead with the launch of its PBoC-backed digital yuan. A source close to the Block said Tether’s little stunt could overall hamper the cryptocurrency industry in China, given the country’s regulators would do everything to curb CNHT’s growth.Read in full https://bitcoinist.com/tether-launches-digital-yuan-before-pboc/ |
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I reckon bitcoin sportsbooks should begin offering odds on whether there will be an ETF approval or another delay hehehe. However, it might be another delay. The SEC chairman has raised concerns that might not be fixed within 10 years. Still, concerns hang over the decision to approve such a product. During the interview, Clayton raised those concerns, noting the lack of a proper crypto custody provider and the threat of price manipulation on unregulated exchanges. That's despite a number of new custody providers coming online this year, including Fidelity's new custody business and San Francisco-based Anchorage, and efforts to expose wash trading on certain exchanges.
Clayton's comments come just a few weeks before the final deadline for two ETF proposal, Bitwise and VanEck/Soldix, are decided on. On October 13 and October 18, the SEC will decide whether to approve Bitwise's and VanEck's proposal, respectively.Read in full https://www.theblockcrypto.com/linked/39008/sec-chair-clayton-theres-work-left-to-be-done-on-bitcoin-etf/ |
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Is this the best flaw he can find? The fractional banking system might take a longer time to explain, however, that did not stop the people from applying for fiat loans hehe.  Ran NeuNer, the host of CNBC’s Crypto Trader, is honing on a big flaw and a big challenge for the cryptocurrency industry: conveyance. In a tweet to his 109,000 followers, NeuNer says that cryptocurrency is hard to explain.
One of the biggest flaws of crypto is that it is so difficult to explain quickly to a lay person. When people ask me to explain Bitcoin to them I know it’s going to take at least an hour before they really understand it.
— Ran NeuNer (@cryptomanran)Read in full https://dailyhodl.com/2019/09/09/cnbcs-ran-neuner-nails-one-of-cryptos-biggest-flaws/ |
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This is a different approach than the usual cryptospace market analysis because it appears to be using the altcap as an index.What I do not like about this is, I assume it includes all the altcoins? This would clearly distort the real situation. I reckon creating an index for altcoins by volume, by market capitalization or by some other way more relevant should be needed. However, good news. The altcoin market will begin a reversal according to the analysis hehehe.  The market capitalization of altcoins has been engulfed in a bear market for almost two years. Additionally, while Bitcoin has enjoyed a resurgence in 2019, recouping nearly 50% of the value lost since January 2018, the retracement has been much weaker for altcoins.
The ALTCAP has been in an upward trend since December 2018, increasing by a significant 80%. However, relative to the 2018 high of $560 billion, the current cap of $80 billion marks a loss of 85%. This means that a return to the high would mark an increase of roughly 8x from current levels.
Looking more closely at price movement, we can see a support area at the current level of $77 billion.
Furthermore, looking at a slightly long time-frame reveals even stronger support at $67 billion, which also corresponds with the 0.786 fib level.
The current price is at a very suitable point for the initiation of a reversal, indicating that the upward move that began in December 2018 will continue.Read in full https://beincrypto.com/will-altcoins-ever-see-an-increase-analyzing-the-altcoin-market-cap/ |
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Regulating the cryptospace will be a new type of crisis for 3rd world countries. It is easy to search for the tools needed to hide your online activities hehe.
In any case, what are that popular ways to move in Africa outside the banking system and through text messaging?
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That was quick, Nate "the needle mover" Diaz on the move after a long lay off and a win against AP. Anyway, this is a must watch event! I hope Conor watches this live and add more "flavor" to it.
The Diaz brothers were needle movers for a long time and Dana White was the only person who was against the truth and hence Nate Diaz was underpaid for a very long time and now he accepted that he is a PPV attraction because of the reception he got from his past few fights and therefore made him the main event in Madison square garden. If Conor is looking for the third fight against Nate then it is well and good for having a big pay day the rest of the fighters are killers and i do not see any way that Conor could win against Tony or Khabib. Agreed! The fans' interest on the Diaz brothers do not decrease, also during their losing moments, because of how they represent themselves. They are real trashtalking gangsters of mixed martial arts. @rosezionjohn. Conor should fight to add more flavor hehehe. |
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@coinlocket$. However, there were 2 racing incidents where the stewards were very permissive on Charles Leclerc. They might have given him 1 penalty if it was not the Italian grand prix, I reckon.
I predict Sebastian will retire after this year. He is not happy.
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Joshua Vows Not To Make Mistake of "Rushing" The KO of RuizAnthony Joshua insists he will not make the same "little mistake" against Andy Ruiz Jr a second time around after a lack of patience cost him his heavyweight titles.
Ruiz stunned the boxing world back in June when he stopped overwhelming favourite Joshua at Madison Square Garden in New York, in the process securing the IBF, WBA, IBO and WBO belts. https://www.boxingscene.com/joshua-vows-not-make-mistake-rushing-ko-ruiz--142333
I wouldn't call that a little mistakes though, he really underestimate Ruiz Jr and that his first mistake. He had dropped opponents before, but he immediately take them out in the next couple of rounds. But with Ruiz Jr though, it's very different. Although Andy was down in the 3rd, he quickly got up, it's more of a flush knock down that's why he was able to recover very quick and put Joshua down in the same round and it's over for him in the 7th. Agreed. Also, some of the people might have forgotten the first fight to predict that it would be another easy fight for Andy Ruiz hehehe. It was not a dominant performance and he was also knocked down for the first time in his career. |
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Thats true. Just check end of CMC. Graveyard of dead projects
They might be dead on first look, however, some of them have a community of loyal followers. As it happens, I reckon some of them might have a stronger community than some ICO projects. |
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I shake my head on Wei Tang's comparison of Ethereum and Microsoft Windows. For Microsoft it is alright for them to do upgrades in their software that are not backwards compatible because their users in total do not hold billions of dollars of their cryptocoin. Parity developer, Wei Tang, has raised concerns about one of the improvement proposals, Ethereum Improvement Proposal 1884. This “will break at least a few deployed contracts,” he tweeted, continuing that “what worries me is that some participants on last AllCoreDevs seem to classify it as acceptable behavior.”
He goes on to say:
For software engineering, if you’re developing something that many people depends on, then backward compatibility is one of the top priorities for making any design decisions. This is especially important for blockchain, because a lot of money can be involved.
While Tang’s concerns may seem valid, there is, of course, a counter-argument that obsessing over backward compatibility is counteractive to progress.
Tang makes the example of Microsoft’s Windows gaining popularity because of backward compatibility. Whilst it may have gained popularity in this period, it arguably fell into a technological black-hole.
Apple’s insistence on allowing old-tech to fall into obsolescence was (and still is) widely criticized. However, it took Microsoft years and many iterations of Windows before it caught up to the advances of Apple’s OS X, losing backward compatibility on the way.Read in full https://bitcoinist.com/ethereum-istanbul-hard-fork-how-important-is-backwards-compatibility/ |
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Right. Convinced of what? I'm definitely convinced that you like to repeatedly remind us about Grin's monetary policy. In case you haven't noticed all alts are bleeding. I'll jump eat my balls off, if we see $0.5 Grin, how about that?  I like reminding everyone because no one has acknowledged the fact that longterm grin holders' coins will be diluted by infinite emission. Everyone appears to be blaming the bear market and avoids asking what the infinite supply and the 5 years of high inflation effect will be. |
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